The GDP composition of Hungary in 2023 primarily features the services sector at 41.78%, followed by mining, manufacturing, and utilities at 26.78%. The wholesale, retail trade, restaurants, and hotels sector stands at 11.79%, with transport, storage, and communication closely trailing at 11.53%. Agriculture, hunting, forestry, and fishing contribute 4.4%, while construction accounts for 3.72%.
Over the last two years, these sectors have witnessed varied growth rates, with services and manufacturing sectors showing moderate increases. The CAGR over the past five years reflects a persistent shift towards service-oriented economic activities.
Future trends to watch:
- An increasing contribution from the services sector driven by digital transformation and technological advancements.
- Potential challenges in the manufacturing sector due to global supply chain disruptions.
- Strengthening of the transport and communication sector as infrastructure investments are prioritized.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 41.78 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 26.78 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 11.79 | 2016 | |
| 4 | 4 Transport, storage and communication | 11.53 | 2016 | |
| 5 | 5 Agriculture, hunting, forestry, fishing | 4.4 | 2016 | |
| 6 | 6 Construction | 3.72 | 2016 |
