Military spending gmsd in Hungary

Hungary: Military spending gmsd was 4.10 billion in 2023. ◆ Volatile

Latest (2023)
4.10 billion
Change on year
up 11.3%
World rank
55th
of 172 countries
All-time high
4.95 billion
in 1986
All-time low
33.13 million
in 1918
Years of data
106
1918–2023

Military spending gmsd in Hungary, 1918–2023

01.0B2.0B3.0B4.0B5.0B191819702023

Source: Our World in Data.

Analysis

Hungary recorded 4.10 billion for military spending gmsd in 2023.

That represents a change of up 11.3% on the previous year and up 223.3% over ten years.

Over the whole period, military spending gmsd in Hungary peaked at 4.95 billion in 1986 and was at its lowest, 33.13 million, in 1918.

That places Hungary 55th out of 172 countries with data for 2023, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Military spending gmsd in Hungary, year by year

Annual values for Military spending gmsd in Hungary, 1918 to 2023.
Year Value Change
1918 33.13 million —
1919 124.56 million +276.0%
1920 112.88 million -9.4%
1921 143.14 million +26.8%
1922 221.71 million +54.9%
1923 243.22 million +9.7%
1924 267.15 million +9.8%
1925 270.45 million +1.2%
1926 278.30 million +2.9%
1927 267.10 million -4.0%
1928 273.19 million +2.3%
1929 283.43 million +3.7%
1930 282.02 million -0.5%
1931 278.84 million -1.1%
1932 276.12 million -1.0%
1933 290.04 million +5.0%
1934 428.31 million +47.7%
1935 483.00 million +12.8%
1936 539.48 million +11.7%
1937 647.17 million +20.0%
1938 786.80 million +21.6%
1939 812.80 million +3.3%
1940 842.50 million +3.7%
1941 1.77 billion +109.6%
1942 1.55 billion -12.3%
1943 3.20 billion +106.7%
1944 3.66 billion +14.5%
1945 2.97 billion -18.9%
1946 1.57 billion -47.1%
1947 1.29 billion -17.9%
1948 1.08 billion -16.1%
1949 1.22 billion +12.7%
1950 1.14 billion -6.2%
1951 1.14 billion -0.6%
1952 1.27 billion +12.2%
1953 1.39 billion +8.7%
1954 1.48 billion +6.7%
1955 1.47 billion -0.7%
1956 1.42 billion -3.6%
1957 1.11 billion -21.8%
1958 1.14 billion +3.0%
1959 1.14 billion +0.1%
1960 1.29 billion +12.7%
1961 1.64 billion +27.0%
1962 2.25 billion +37.4%
1963 2.91 billion +29.5%
1964 3.01 billion +3.6%
1965 3.18 billion +5.7%
1966 3.04 billion -4.4%
1967 3.22 billion +5.8%
1968 3.28 billion +1.9%
1969 3.68 billion +12.1%
1970 4.17 billion +13.2%
1971 4.36 billion +4.6%
1972 4.05 billion -7.1%
1973 3.94 billion -2.6%
1974 3.52 billion -10.7%
1975 3.24 billion -8.1%
1976 3.39 billion +4.7%
1977 3.35 billion -1.1%
1978 3.39 billion +1.4%
1979 3.62 billion +6.7%
1980 3.59 billion -0.9%
1981 3.89 billion +8.4%
1982 4.17 billion +7.1%
1983 4.57 billion +9.6%
1984 4.54 billion -0.5%
1985 4.47 billion -1.6%
1986 4.95 billion +10.6%
1987 4.59 billion -7.3%
1988 4.19 billion -8.6%
1989 3.98 billion -5.2%
1990 2.46 billion -38.1%
1991 2.07 billion -15.8%
1992 1.83 billion -11.6%
1993 1.59 billion -13.2%
1994 1.35 billion -15.1%
1995 1.20 billion -11.0%
1996 1.10 billion -8.7%
1997 1.15 billion +5.2%
1998 1.13 billion -2.1%
1999 1.22 billion +8.4%
2000 1.30 billion +6.2%
2001 1.52 billion +16.7%
2002 1.70 billion +12.4%
2003 1.96 billion +15.3%
2004 2.20 billion +11.9%
2005 2.00 billion -9.1%
2006 1.97 billion -1.5%
2007 2.00 billion +2.0%
2008 2.06 billion +2.6%
2009 1.81 billion -12.2%
2010 1.63 billion -9.9%
2011 1.52 billion -6.4%
2012 1.41 billion -7.6%
2013 1.27 billion -9.9%
2014 1.26 billion -0.8%
2015 1.25 billion -0.9%
2016 1.30 billion +3.9%
2017 1.77 billion +36.5%
2018 2.14 billion +20.7%
2019 2.65 billion +23.9%
2020 3.07 billion +16.2%
2021 3.22 billion +4.7%
2022 3.69 billion +14.5%
2023 4.10 billion +11.3%

Hungary compared with similar countries

  • Hungary's 4.10 billion is below the median for high income countries, which is 6.50 billion, 63% of the median. (55 countries reporting)
  • Hungary's 4.10 billion is above the median for Europe & Central Asia, which is 2.44 billion, 1.7× the median. (48 countries reporting)

Biggest year-on-year movements

Years where Military spending gmsd 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.

YearChange FromTo
1919 +276.0% 33.13 million 124.56 million
1941 +109.6% 842.50 million 1.77 billion
1943 +106.7% 1.55 billion 3.20 billion

Averages by decade

DecadeAverage LowestHighest Years
1910s 78.85 million 33.13 million 124.56 million 2
1920s 236.06 million 112.88 million 283.43 million 10
1930s 482.46 million 276.12 million 812.80 million 10
1940s 1.91 billion 842.50 million 3.66 billion 10
1950s 1.27 billion 1.11 billion 1.48 billion 10
1960s 2.75 billion 1.29 billion 3.68 billion 10
1970s 3.70 billion 3.24 billion 4.36 billion 10
1980s 4.29 billion 3.59 billion 4.95 billion 10
1990s 1.51 billion 1.10 billion 2.46 billion 10
2000s 1.85 billion 1.30 billion 2.20 billion 10
2010s 1.62 billion 1.25 billion 2.65 billion 10
2020s 3.52 billion 3.07 billion 4.10 billion 4

Countries ranked near Hungary

  1. 52 Portugal 4.74 billion compare
  2. 53 Malaysia 4.68 billion compare
  3. 54 Argentina 4.45 billion compare
  4. 56 Nigeria 4.07 billion compare
  5. 57 Azerbaijan 3.76 billion compare
  6. 58 South Africa 3.63 billion compare

See the full ranking of 172 places →

More reference data data for Hungary

All data for Hungary →

Frequently asked questions

What is military spending gmsd in Hungary?
Military spending gmsd in Hungary was 4.10 billion in 2023, according to Our World in Data.
What is the highest military spending gmsd recorded in Hungary?
The highest recorded value was 4.95 billion in 1986.
What is the lowest military spending gmsd recorded in Hungary?
The lowest recorded value was 33.13 million in 1918.
How does Hungary rank for military spending gmsd?
Hungary ranks 55th out of 172 countries with data for 2023.
Is military spending gmsd rising or falling in Hungary?
Over the last ten years it is up 223.3%. The long-run trend across the full record is volatile.
Where does this Hungary data come from?
The figures come from Our World in Data, published as part of Military spending gmsd. Statizoid updates them automatically from the source API.

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Military spending gmsd in Hungary. Statizoid, drawing on Our World in Data. Retrieved 13 November 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/hungary/

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About this data

Indicator
Military spending gmsd
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed