Insurance and financial services in Hungary
Hungary: Insurance and financial services was 4.6% in 2025. ▼ Falling
Insurance and financial services in Hungary, 1982–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
The most recent figure for insurance and financial services in Hungary is 4.6%, measured in 2025.
The figure is up 17.2% on the previous year and up 29.3% over ten years.
Over the whole period, insurance and financial services in Hungary peaked at 8.8% in 1998 and was at its lowest, 0.5%, in 1992.
That places Hungary 121st out of 197 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 44 years of available data.
Insurance and financial services in Hungary, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1982 | 7.1% | — |
| 1983 | 6.6% | -7.2% |
| 1984 | 5.9% | -11.4% |
| 1985 | 4.9% | -16.9% |
| 1986 | 5.7% | +17.5% |
| 1987 | 6.0% | +4.5% |
| 1988 | 3.8% | -36.0% |
| 1989 | 2.9% | -25.4% |
| 1990 | 1.0% | -65.7% |
| 1991 | 0.8% | -22.6% |
| 1992 | 0.5% | -29.7% |
| 1993 | 0.7% | +32.7% |
| 1994 | 0.8% | +14.6% |
| 1995 | 5.0% | +518.7% |
| 1996 | 6.1% | +20.9% |
| 1997 | 8.3% | +37.6% |
| 1998 | 8.8% | +5.5% |
| 1999 | 7.3% | -17.4% |
| 2000 | 6.9% | -5.6% |
| 2001 | 6.3% | -8.9% |
| 2002 | 4.8% | -24.0% |
| 2003 | 5.7% | +20.7% |
| 2004 | 6.4% | +11.8% |
| 2005 | 4.2% | -34.9% |
| 2006 | 4.3% | +3.6% |
| 2007 | 4.0% | -6.7% |
| 2008 | 4.4% | +9.6% |
| 2009 | 4.8% | +7.5% |
| 2010 | 4.0% | -16.6% |
| 2011 | 3.6% | -10.4% |
| 2012 | 2.8% | -20.4% |
| 2013 | 2.6% | -7.3% |
| 2014 | 3.1% | +18.7% |
| 2015 | 3.5% | +14.0% |
| 2016 | 4.2% | +18.6% |
| 2017 | 3.8% | -9.3% |
| 2018 | 3.7% | -3.6% |
| 2019 | 3.2% | -14.1% |
| 2020 | 4.3% | +36.5% |
| 2021 | 4.6% | +7.4% |
| 2022 | 3.7% | -20.0% |
| 2023 | 4.6% | +23.3% |
| 2024 | 3.9% | -14.4% |
| 2025 | 4.6% | +17.2% |
Hungary compared with similar countries
- Hungary's 4.6% is below the median for high income countries, which is 6.4%, 72% of the median. (72 countries reporting)
- Hungary's 4.6% is below the median for Europe & Central Asia, which is 5.2%, 88% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Hungary changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +518.7% | 0.8% | 5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.4% | 2.9% | 7.1% | 8 |
| 1990s | 3.9% | 0.5% | 8.8% | 10 |
| 2000s | 5.2% | 4.0% | 6.9% | 10 |
| 2010s | 3.5% | 2.6% | 4.2% | 10 |
| 2020s | 4.3% | 3.7% | 4.6% | 6 |
Countries ranked near Hungary
- 118 Bosnia and Herzegovina 4.8% compare
- 119 Vanuatu 4.8% compare
- 120 Switzerland 4.8% compare
- 122 New Caledonia 4.5% compare
- 123 Finland 4.5% compare
- 124 Nepal 4.4% compare
More private sector data for Hungary
- Merchandise trade 133.1% (2025)
- Food imports 7.0% (2025)
- Manufactures imports 72.5% (2025)
- Merchandise imports 159.20 billion current US$ (2025)
- Food exports 8.6% (2025)
- Manufactures exports 80.4% (2025)
- Merchandise exports 168.84 billion current US$ (2025)
- Merchandise exports (current US$), per capita 17,746 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.685 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.01 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Hungary?
- Insurance and financial services in Hungary was 4.6% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Hungary?
- The highest recorded value was 8.8% in 1998.
- What is the lowest insurance and financial services recorded in Hungary?
- The lowest recorded value was 0.5% in 1992.
- How does Hungary rank for insurance and financial services?
- Hungary ranks 121st out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Hungary?
- Over the last ten years it is up 29.3%. The long-run trend across the full record is falling.
- Where does this Hungary data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service imports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service imports which are commercial services provided by non-residents to residents.