Social contributions in Hungary
Hungary: Social contributions was 8.50 trillion current LCU in 2024. ◆ Volatile
Social contributions in Hungary, 1981–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Hungary recorded 8.50 trillion current LCU for social contributions in 2024. That is the highest value across all 44 years on record.
That represents a change of up 13.4% on the previous year and up 96.1% over ten years.
Over the whole period, social contributions in Hungary peaked at 8.50 trillion current LCU in 2024 and was at its lowest, 63.80 billion current LCU, in 1981.
Hungary ranks 10th of 112 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 138.32 billion current LCU | 63.80 billion current LCU | 271.30 billion current LCU | 9 |
| 1990s | 832.46 billion current LCU | 323.20 billion current LCU | 1.52 trillion current LCU | 10 |
| 2000s | 2.71 trillion current LCU | 1.75 trillion current LCU | 3.66 trillion current LCU | 10 |
| 2010s | 4.47 trillion current LCU | 3.24 trillion current LCU | 5.58 trillion current LCU | 10 |
| 2020s | 6.74 trillion current LCU | 5.39 trillion current LCU | 8.50 trillion current LCU | 5 |
Countries ranked near Hungary
More public sector data for Hungary
- Arms imports 604.00 million SIPRI trend indicator values (2024)
- Tax revenue 22.7% (2024)
- Taxes on income, profits and capital gains 18.9% (2024)
- Taxes on goods and services 37.1% (2024)
- Net investment in nonfinancial assets 3.4% (2024)
- Net lending (+) / net borrowing (-) -4.5% (2024)
- Interest payments 12.2% (2024)
- Grants and other revenue 15.8% (2024)
- Interest payments 6.6% (2022)
- Other taxes 1.7% (2024)
Frequently asked questions
- What is social contributions in Hungary?
- Social contributions in Hungary was 8.50 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Hungary?
- The highest recorded value was 8.50 trillion current LCU in 2024.
- What is the lowest social contributions recorded in Hungary?
- The lowest recorded value was 63.80 billion current LCU in 1981.
- How does Hungary rank for social contributions?
- Hungary ranks 10th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Hungary?
- Over the last ten years it is up 96.1%. The long-run trend across the full record is volatile.
- Where does this Hungary data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Social contributions (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.