Total factoring volume to GDP (%) in Hungary
Hungary: Total factoring volume to GDP (%) was 7.0% in 2020. ▲ Rising
Total factoring volume to GDP in Hungary, 2007–2020
Source: Factors Chain International. Measured in %.
Analysis
Hungary recorded 7.0% for total factoring volume to gdp in 2020. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 18.9% on the previous year and up 106.7% over ten years.
Over the whole period, total factoring volume to gdp in Hungary peaked at 7.0% in 2020 and was at its lowest, 2.4%, in 2014.
That places Hungary 23rd out of 73 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Total factoring volume to GDP (%) in Hungary, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 3.0% | — |
| 2008 | 3.0% | -2.2% |
| 2009 | 2.7% | -9.6% |
| 2010 | 3.4% | +26.0% |
| 2011 | 2.8% | -17.6% |
| 2012 | 2.8% | -0.7% |
| 2013 | 2.7% | -1.9% |
| 2014 | 2.4% | -10.0% |
| 2015 | 3.3% | +34.9% |
| 2016 | 3.0% | -9.3% |
| 2017 | 4.8% | +61.2% |
| 2018 | 4.9% | +2.6% |
| 2019 | 5.9% | +19.1% |
| 2020 | 7.0% | +18.9% |
Hungary compared with similar countries
- Hungary's 7.0% is above the median for high income countries, which is 5.9%, 1.2× the median. (44 countries reporting)
- Hungary's 7.0% is above the median for Europe & Central Asia, which is 5.9%, 1.2× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.9% | 2.7% | 3.0% | 3 |
| 2010s | 3.6% | 2.4% | 5.9% | 10 |
| 2020s | 7.0% | 7.0% | 7.0% | 1 |
Countries ranked near Hungary
More financial sector data for Hungary
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 43.35 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 31.66 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 43.35 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is total factoring volume to gdp in Hungary?
- Total factoring volume to gdp in Hungary was 7.0% in 2020, according to Factors Chain International.
- What is the highest total factoring volume to gdp recorded in Hungary?
- The highest recorded value was 7.0% in 2020.
- What is the lowest total factoring volume to gdp recorded in Hungary?
- The lowest recorded value was 2.4% in 2014.
- How does Hungary rank for total factoring volume to gdp?
- Hungary ranks 23rd out of 73 countries with data for 2020.
- Is total factoring volume to gdp rising or falling in Hungary?
- Over the last ten years it is up 106.7%. The long-run trend across the full record is rising.
- Where does this Hungary data come from?
- The figures come from Factors Chain International, published as part of Total factoring volume to GDP (%). Statizoid updates them automatically from the source API.
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About this data
GDP data provided by IFS and converted into USD using IFS exchange rates.