Hungary - Expense (% of GDP)

Expense (% of GDP) in Hungary was 39.09 as of 2019. Its highest value over the past 28 years was 51.45 in 1992, while its lowest value was 39.09 in 2019.

Definition: Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1991 49.76
1992 51.45
1993 50.42
1994 51.13
1995 51.05
1996 46.90
1997 44.63
1998 45.17
1999 43.94
2000 41.36
2001 40.94
2002 42.92
2003 42.66
2004 41.60
2005 41.78
2006 42.82
2007 42.36
2008 44.28
2009 44.98
2010 43.51
2011 44.96
2012 44.58
2013 46.92
2014 45.01
2015 43.26
2016 43.51
2017 41.84
2018 39.60
2019 39.09

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance