Hungary: Government debt

* indicates monthly or quarterly data series
 Hungary

Government debt as percent of GDP

 Latest value 73.3
 Year 2022
 Measure percent
 Data availability 1995 - 2022
 Average 69.22
 Min - Max 52.3 - 84.1
 Source Eurostat
For that indicator, we provide data for Hungary from 1995 to 2022. The average value for Hungary during that period was 69.22 percent with a minimum of 52.3 percent in 2001 and a maximum of 84.1 percent in 1995. The latest value from 2022 is 73.3 percent. For comparison, the world average in 2022 based on 145 countries is 62.30 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Hungary - Government debt - recent values

Historical chart
Hungary - Government debt - historical chart - 1995-2022




The government debt in Hungary and other countries is calculated as the total amount owed by the national government to domestic and international lenders. It is reported as percent of GDP so that we can evaluate its magnitude relative to the size of the economy.

Government debt of about 60 percent or less of GDP is not considered a problem. The government can make payments without strain and even has some room to borrow more. If debt levels reach 80-90 percent that may have negative effects on the economy. Debt above 120 percent of GDP is quite detrimental.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 20.56 2022 percent
 Government spending, in dollars 36.46 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -6.20 2022 percent
 Government debt 73.30 2022 percent
 Government expenditure 3,664.75 Q3/2023 billion
 Long-term government bond yield 7.08 9/2023 percent
 Tax revenue 21.49 2021 percent
 Commercial tax rate 37.90 2019 percent
 Tax preparation time 277 2019 hours
 Number of taxes 11 2019 taxes
 Taxes on goods and services 39.10 2021 percent
 Taxes on international trade 0.00 2021 percent
 Income and profits taxes 14.40 2021 percent
 Foreign aid 302.01 2004 million U.S. dollars
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