Taxes on goods and services in Hungary
Hungary: Taxes on goods and services was 17.6% in 2024. ▲ Rising
Taxes on goods and services in Hungary, 1995–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
The most recent figure for taxes on goods and services in Hungary is 17.6%, measured in 2024.
That represents a change of down 1.9% on the previous year and down 9.6% over ten years.
Over the whole period, taxes on goods and services in Hungary peaked at 19.8% in 2012 and was at its lowest, 14.8%, in 2002.
Hungary ranks 12th of 154 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 30 years of available data.
Taxes on goods and services in Hungary, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 1995 | 15.6% | — |
| 1996 | 15.3% | -2.3% |
| 1997 | 15.0% | -1.9% |
| 1998 | 15.7% | +4.9% |
| 1999 | 16.3% | +3.3% |
| 2000 | 17.0% | +4.3% |
| 2001 | 15.5% | -8.8% |
| 2002 | 14.8% | -4.2% |
| 2003 | 15.7% | +5.8% |
| 2004 | 16.8% | +7.2% |
| 2005 | 16.0% | -5.0% |
| 2006 | 15.2% | -4.9% |
| 2007 | 16.1% | +5.8% |
| 2008 | 15.8% | -1.6% |
| 2009 | 16.7% | +5.7% |
| 2010 | 17.9% | +7.3% |
| 2011 | 18.0% | +0.5% |
| 2012 | 19.8% | +9.6% |
| 2013 | 19.5% | -1.3% |
| 2014 | 19.5% | -0.3% |
| 2015 | 19.6% | +0.7% |
| 2016 | 18.6% | -5.0% |
| 2017 | 18.3% | -1.5% |
| 2018 | 18.5% | +0.8% |
| 2019 | 18.1% | -1.9% |
| 2020 | 18.5% | +2.2% |
| 2021 | 18.1% | -2.2% |
| 2022 | 19.3% | +6.8% |
| 2023 | 17.9% | -7.4% |
| 2024 | 17.6% | -1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.6% | 15.0% | 16.3% | 5 |
| 2000s | 15.9% | 14.8% | 17.0% | 10 |
| 2010s | 18.8% | 17.9% | 19.8% | 10 |
| 2020s | 18.3% | 17.6% | 19.3% | 5 |
Countries ranked near Hungary
More public sector data for Hungary
- Arms imports 604.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 63.17 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0027 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 146.53 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 604.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 495.15 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0212 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 8.71 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 4.73 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 2,685 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in Hungary?
- Taxes on goods and services in Hungary was 17.6% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Hungary?
- The highest recorded value was 19.8% in 2012.
- What is the lowest taxes on goods and services recorded in Hungary?
- The lowest recorded value was 14.8% in 2002.
- How does Hungary rank for taxes on goods and services?
- Hungary ranks 12th out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Hungary?
- Over the last ten years it is down 9.6%. The long-run trend across the full record is rising.
- Where does this Hungary data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on goods and services (% value added of industry and services). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.