Hungary: Manufacturing, value added (annual % growth)

Key figures

What the numbers say

In 2025, Hungary's manufacturing, value added (annual % growth) rose 1.25 percentage points on 2024 (from -3.84% to -2.6%).

Across the 28 yearly changes before that (1997 to 2024), the average change was −0.3 percentage points and a typical year strayed about 8.14 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 27.06 percentage points in 2010 and the biggest yearly fall was 14.31 percentage points in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains 13% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Hungary had the 123rd highest value of the 136 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Hungary in the 2025 ranking

• Australia — 120th of 136: -2.18%
• Belarus — 121st of 136: -2.3%
• Bosnia and Herzegovina — 122nd of 136: -2.47%
• Canada — 124th of 136: -2.6%
• Brunei Darussalam — 125th of 136: -2.89%
• Namibia — 126th of 136: -2.91%

What this measures

Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Limitations: Ideally, industrial output should be measured through regular censuses and surveys of firms. But in most developing countries such surveys are infrequent, so earlier survey results must be extrapolated using an appropriate indicator. The choice of sampling unit, which may be the enterprise (where responses may be based on financial records) or the establishment (where production units may be recorded separately), also affects the quality of the data. Moreover, much industrial production is organized in unincorporated or owner-operated ventures that are not captured by surveys aimed at the formal sector.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 30 values

Manufacturing, value added (annual % growth) in nearby economies

• Albania — -1.59% (2025)
• Andorra — -4.47% (2024)
• Armenia — 2% (2025)
• Austria — 1.18% (2025)
• Azerbaijan — 7.85% (2025)
• Belarus — -2.3% (2025)
• Belgium — 0.22% (2025)
• Bosnia and Herzegovina — -2.47% (2025)
• Croatia — 3.94% (2025)
• Cyprus — 2.77% (2025)

More economic policy & debt data for Hungary

• GDP (current LCU) — 87.05 trillion (2025)
• GDP (constant 2015 US$) — US$158.99 billion (2025)
• GDP (constant LCU) — 54.72 trillion (2025)
• GDP per capita (current LCU) — 9.15 million (2025)
• GDP per capita (constant 2015 US$) — US$16,711 (2025)
• GDP per capita (constant LCU) — 5.75 million (2025)
• GNI (current LCU) — 84.94 trillion (2025)
• GNI per capita (current LCU) — 8.93 million (2025)
• GDP (annual % growth) — 0.51% (2025)
• GDP per capita (annual % growth) — 1.01% (2025)
• Chemicals (% of value added in manufacturing)

Reading data like this

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Questions people ask

What is Hungary's manufacturing, value added (annual % growth)?

-2.6% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is down 7.15 percentage points from 4.55% in 1996. The highest value was 13.99% in 1997 and the lowest -17.72% in 2009.

How does Hungary rank?

123rd highest of 136 economies with data for 2025.

Is the latest change in manufacturing, value added (annual % growth) unusual for Hungary?

In 2025, Hungary's manufacturing, value added (annual % growth) rose 1.25 percentage points on 2024 (from -3.84% to -2.6%). Across the 28 yearly changes before that (1997 to 2024), the average change was −0.3 percentage points and a typical year strayed about 8.14 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NV.IND.MANF.KD.ZG, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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