Total factoring volume to GDP in Hungary
Hungary: Total factoring volume to GDP was 7.0% in 2020. β² Rising
Total factoring volume to GDP in Hungary, 2007β2020
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 22nd out of 72 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.
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
- Net domestic credit (current LCU), annual growth rate 9.38 % change on previous year (2024)
- Net domestic credit (current LCU), per unit of GDP 214.29 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), per capita 4.99 million current LCU per person (2024)
- Domestic credit to private sector by banks 32.1% (2024)
- Total reserves in months of imports 3.5 (2025)
- Net domestic credit 47.75 trillion current LCU (2024)
- Net foreign assets 16.55 trillion current LCU (2024)
- Monetary Sector credit to private sector 32.4% (2024)
- Broad money 60.0% (2024)
- Claims on central government, etc. 17.1% (2024)
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 22nd out of 72 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.
Download this data
CSV Β· JSON β 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
GDP data provided by IFS and converted into USD using IFS exchange rates.