Tourism Sector Generates 6% of GDP in 2022

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Hungary's tourism sector generated 6% of the country's GDP in 2022, data on the tourism satellite account (TSA) released by the Central Statistical Office (KSH) show.

Including multipliers, which take into account spillover effects, the tourism sector's contribution to GDP reached 8.8%.

Value added of the tourism sector came to 6.2% of the total for the national economy and reached 9.1% including multipliers.

The commercial accommodations sector alone accounted for 1.9% of value-added, up from 1.6% in the previous year.

In absolute terms, the output of the tourism sector reached HUF 8.478 trillion, climbing 37% from 2021.

Employment in the tourism sector rose 3.8% to 398,000 in 2022, accounting for around 10% of all workers.

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