Hungary: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Hungary

Fiscal balance, percent of GDP

 Latest value -6.70
 Year 2023
 Measure percent
 Data availability 1995 - 2023
 Average -5.07
 Min - Max -9.30 - -1.80
 Source Hungarian Central Statistical Office
For that indicator, we provide data for Hungary from 1995 to 2023. The average value for Hungary during that period was -5.07 percent with a minimum of -9.3 percent in 2006 and a maximum of -1.8 percent in 2016. The latest value from 2023 is -6.7 percent. For comparison, the world average in 2023 based on 112 countries is -3.16 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Hungary - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Hungary - Fiscal balance, percent of GDP - historical chart - 1995-2023




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 20.56 2022 percent
 Government spending, in dollars 42.55 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -6.70 2023 percent
 Government debt 73.50 2023 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 2010 percent
 Income and profits taxes 14.40 2021 percent
 Foreign aid 302.01 2004 million U.S. dollars
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