Hungary: Trade (% of GDP)
In , Hungary's Trade (% of GDP) was 146.50.
That's down 7.5% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Hungary ranks #20 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #10 of 49.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 185.00
- Trough
- 128.00
- 1-year change
- -7.5%
- 5-year change
- -8.4%
- -1.7% / yr
- 10-year change
- -13.0%
- -1.4% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 146.5046 | |
| 158.3857 | |
| 185.0002 | |
| 159.1875 | |
| 154.5270 | |
| 159.9256 | |
| 162.7009 | |
| 165.0329 | |
| 163.9719 | |
| 167.2907 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Hungary's Trade (% of GDP) in 2024?
- In 2024, Hungary's Trade (% of GDP) was 146.50, according to World Bank Open Data.
- Is Hungary's Trade (% of GDP) rising or falling?
- Hungary's Trade (% of GDP) fell 7.5% from 2023 to 2024.
- How does Hungary rank globally on Trade (% of GDP)?
- In 2024, Hungary ranked #20 out of 160 countries reporting Trade (% of GDP).
- How does Hungary's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Hungary is above the world average. Within Europe & Central Asia, it ranks #10 of 49.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.