Hungary: Household consumption, percent of GDP

* indicates monthly or quarterly data series
 Hungary

Household consumption as percent of GDP

 Latest value 49.51
 Year 2023
 Measure percent
 Data availability 1991 - 2023
 Average 52.89
 Min - Max 48.27 - 59.80
 Source The World Bank
The latest value from 2023 is 49.51 percent, a decline from 49.83 percent in 2022. In comparison, the world average is 63.66 percent, based on data from 131 countries. Historically, the average for Hungary from 1991 to 2023 is 52.89 percent. The minimum value, 48.27 percent, was reached in 2021 while the maximum of 59.8 percent was recorded in 1993. 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 data
Hungary - Household consumption, percent of GDP - Recent values chart

Historical series
Hungary - Household consumption, percent of GDP - historical chart - 1991-2023




Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.

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 Related indicators Latest Reference Measure
 Capital investment, percent of GDP 25.35 2023 percent
 Capital investment, in dollars 53.83 2023 billion U.S. dollars
 Household consumption, percent of GDP 49.51 2023 percent
 Household consumption, in dollars 105.15 2023 billion U.S. dollars
 Household consumption 10,174.99 Q2/2024 billion
 Consumption as percent of GDP 49.70 Q2/2024 percent
 Consumption growth 8.97 Q2/2024 percent
 Investment 4,800.79 Q2/2024 billion
 Investment as percent of GDP 23.45 Q2/2024 percent
 Investment growth -0.76 Q2/2024 percent
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