2026.03.0308:08:34UTC+00Hungary Q4 GDP Growth Tops Forecast

Hungary’s economy grew by 0.8% year-on-year in the final quarter of 2025, surpassing both the preliminary estimate and the previous quarter’s upwardly revised 0.7% expansion. This was the strongest pace of growth since the second quarter of 2024, largely supported by robust activity in construction (5.1% vs 3.3% in Q3) and in the services sector (1% vs 1.7%).

Within services, output rose particularly strongly in financial and insurance activities (5.9% vs 5.3%) and in arts, entertainment, leisure, and other services (4.6% vs -0.1%).

On the expenditure side, household consumption—the largest component of actual consumption—continued to rise (2.7% vs 2.3%), while the decline in gross fixed capital formation eased (-1% vs -2.1%).

On a seasonally adjusted quarterly basis, GDP increased by 0.2% in the fourth quarter, following flat growth in the preceding period. For full-year 2025, GDP was 0.4% higher than in the previous year in unadjusted terms and 0.3% higher on a seasonally and calendar-adjusted basis.