Hungary: Services value added

* indicates monthly or quarterly data series
 Hungary

Services value added, billion USD

 Latest value 122.24
 Year 2023
 Measure billion U.S. dollars
 Data availability 1995 - 2023
 Average 65.05
 Min - Max 24.00 - 122.24
 Source The World Bank
The latest value from 2023 is 122.24 billion U.S. dollars, an increase from 101.31 billion U.S. dollars in 2022. In comparison, the world average is 258.63 billion U.S. dollars, based on data from 152 countries. Historically, the average for Hungary from 1995 to 2023 is 65.05 billion U.S. dollars. The minimum value, 24 billion U.S. dollars, was reached in 1995 while the maximum of 122.24 billion U.S. dollars was recorded in 2023. 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 - Services value added - Recent values chart

Historical series
Hungary - Services value added - historical chart - 1995-2023




Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4. Data are in constant 2010 U.S. dollars.

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 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 26.31 2023 percent
 Savings, in dollars 55.89 2023 billion U.S. dollars
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