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Compared with the previous quarter, economic performance edged up 0.2% based on seasonally and calendar-adjusted data.
For the full year, GDP increased 0.4% in raw terms and 0.3% on a calendar-adjusted basis, reaching HUF 86,893 billion at current prices, according to the first estimate.
On the production side, construction was the strongest-performing sector in the fourth quarter, with value added rising 5.1% year-on-year. Services overall expanded 1.0%, while industry contracted 1.8% and agriculture declined 1.7%.
Within industry, manufacturing output fell 0.8%. The largest negative contribution came from the manufacture of coke and refined petroleum products, while the manufacture of computer, electronic and optical products helped moderate the overall decline.
Among services, financial and insurance activities recorded the largest increase, up 5.9%. Arts, recreation and other service activities grew 4.6%, while education expanded 2.2%. Wholesale and retail trade, along with accommodation and food service activities, both rose 2.1%.
Professional, scientific, technical and administrative activities increased 1.8%, human health and social work activities 1.1%, transportation and storage 1.0%, and information and communication 0.4%. Public administration stagnated, while real estate activities declined 2.4%.
Services contributed 0.5 percentage point to the overall 0.8% GDP increase in the fourth quarter, with financial services and trade and hospitality each adding 0.2 percentage point. Construction added 0.3 percentage point, while industry subtracted 0.3 percentage point. The balance of taxes and subsidies on products added 0.2 percentage point. Agriculture had no significant impact.
On the expenditure side, household actual final consumption rose 3.0% year-on-year in the fourth quarter. Household final consumption expenditure, the largest component, increased 2.7%, while domestic household consumption expenditure rose 3.4%.
Spending increased across all durability categories: durable goods were up 3.5%, semi-durable goods 6.0%, non-durable goods 2.8%, and services 3.7%.
Social transfers in kind from the government rose 3.3%, while actual final consumption of the government increased 8.4%. Social transfers in kind from non-profit institutions serving households were up 10.3%. As a result, total actual final consumption grew 3.9%.
Gross fixed capital formation declined 1.0% compared with the same quarter of 2024, as construction investments fell while machinery and equipment investments increased. Gross capital formation as a whole rose 3.8%.
Overall domestic use increased 3.8% in the fourth quarter.
Hungary recorded a trade surplus of HUF 551 billion at current prices in the fourth quarter. Export volumes rose 0.5%, while imports increased 5.2%.
In goods trade, which accounts for nearly 80% of external trade, exports fell 0.9% and imports climbed 6.3%. Services exports, including tourism, rose 5.0%, while services imports were unchanged.
Actual final consumption contributed 2.8 percentage points to fourth-quarter GDP growth, and gross capital formation added 1.1 percentage points. However, the balance of external trade reduced overall economic performance by 3.1 percentage points.
Compared with the third quarter of 2025, GDP rose 0.2% on a seasonally and calendar-adjusted basis.
Agriculture expanded 2.5% and construction 1.3% quarter-on-quarter, while services edged up 0.1%. Industry declined 1.2%.
On the expenditure side, household final consumption expenditure increased 1.0%. Social transfers in kind from the government rose 0.7%, and government final consumption increased 1.7%. Gross fixed capital formation slipped 0.2%. Both exports and imports declined 0.2% compared with the previous quarter.
For 2025 as a whole, construction value added increased 3.0% and services 1.2%, while industry declined 2.4% and agriculture fell 4.3%.
Services contributed 0.7 percentage point and construction 0.2 percentage point to annual GDP growth. Industry reduced growth by 0.4 percentage point and agriculture by 0.1 percentage point.
On the expenditure side, household actual final consumption rose 2.7% and government actual final consumption 2.2%, resulting in a 2.6% increase in total actual final consumption. Gross capital formation rose 0.1%, although gross fixed capital formation fell 2.2%.
Import volumes increased 2.1% over the year, while exports were unchanged. Actual final consumption contributed 1.9 percentage points to annual GDP growth, while the balance of external trade reduced growth by 1.5 percentage points. Gross capital formation had no significant impact.
Household domestic consumption expenditure increased 3.3% in 2025, with growth across all categories: durable goods rose 6.3%, semi-durable goods 3.5%, non-durable goods 2.7%, and services 3.3%
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