Hungary: Share of industry

* indicates monthly or quarterly data series
 Hungary

Value added by industry as percent of GDP

 Latest value 24.32
 Year 2023
 Measure percent
 Data availability 1995 - 2023
 Average 25.90
 Min - Max 24.18 - 28.10
 Source The World Bank
The latest value from 2023 is 24.32 percent, a decline from 24.65 percent in 2022. In comparison, the world average is 26.05 percent, based on data from 152 countries. Historically, the average for Hungary from 1995 to 2023 is 25.9 percent. The minimum value, 24.18 percent, was reached in 2021 while the maximum of 28.1 percent was recorded in 1998. 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 data
Hungary - Share of industry - Recent values chart

Historical series
Hungary - Share of industry - historical chart - 1995-2023




The importance of industry in the economy of Hungary and other countries is measured as the value added of the industrial sector as percent of GDP. Industry includes mining, manufacturing, construction, electricity, water, and gas.
Definition: Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Share of industry 24.32 2023 percent
 Share of manufacturing 17.14 2023 percent
 Share of services 57.56 2023 percent
 Industry value added 51.65 2023 billion U.S. dollars
 Manufacturing value added 36.40 2023 billion U.S. dollars
 Services value added 122.24 2023 billion U.S. dollars
 Savings, percent of GDP 25.56 2022 percent
 Savings, in dollars 55.89 2023 billion U.S. dollars
This site uses cookies.
Learn more here


OK