Greece and Hungary
Greece and Hungary combine diplomatic representation, European cooperation and cultural ties. The Greek community recognised in Hungary and Hellenic studies provide their own social dimension, while archaeological heritage has been discussed by the countries.
Analysis reviewed: 2026-10-08 · Indicators updated: 2026-10-08Bilateral context
Diplomatic relations were restored on 23 July 1956 and embassies established on 24 August 1964, according to the Greek profile.
What merchandise trade shows
In 2025, goods trade between Greece and Hungary totalled 1,334.3 million current USD.
Documented trade sectors
Within the selected chapters, pharmaceutical products stands out in shipments from Greece to Hungary, at 30.4 million USD in 2025.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | 1,334.33 M USD | 2025 · Comtrade |
| Goods: Greece to Hungary | 338.73 M USD | 2025 · Comtrade |
| Goods: Hungary to Greece | 995.6 M USD | 2025 · Comtrade |
| Services trade | ||
| Export share: Greece to Hungary | ||
| Export share: Hungary to Greece | ||
| Investment stock: Greece in Hungary | ||
| Investment stock: Hungary in Greece |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
- Goods trade
- 2025 · UN Comtrade · Goods; full calendar year; reporter GRC. Both directions come from the same verified customs document, not from adding mirror declarations together. Exports generally FOB; imports generally CIF.
- Goods: Greece to Hungary
- 2025 · UN Comtrade · Goods; full calendar year; reporter GRC. Both directions come from the same verified customs document, not from adding mirror declarations together. Exports generally FOB; imports generally CIF.
- Goods: Hungary to Greece
- 2025 · UN Comtrade · Goods; full calendar year; reporter GRC. Both directions come from the same verified customs document, not from adding mirror declarations together. Exports generally FOB; imports generally CIF.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
Some annual indicators refer to different years. Check the period beside each value before comparing them.
| Indicator | Greece | Hungary |
|---|---|---|
| Nominal GDP | 280.64 billion USD2025 · WB | 246.49 billion USD2025 · WB |
| GDP per capita | 26,948.01 USD2025 · WB | 25,907.47 USD2025 · WB |
| GDP growth | 2.07 %2025 · WB | 0.51 %2025 · WB |
| Policy interest rate | 2.5 %2026-09-16 · BCE | |
| Inflation · annual average | 2.48 %Annual average · 2025 · WB | 4.41 %Annual average · 2025 · WB |
| Inflation · latest year-on-year figure | 3.8 %Headline CPI · 2026-08 · year-on-year · ELSTAT | |
| Unemployment | 8.54 %ILO est.2025 · WB | 4.52 %ILO est.2025 · WB |
| Budget balance (% of GDP) | 1.3 %IMF est.2025 · IMF | -4.7 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 145.7 %IMF est.2025 · IMF | 75.2 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | -7.11 %2024 · WB | 1.65 %2025 · WB |
| Population | 10,413,9622025 · WB | 9,514,2512025 · WB |
| Area | 131,960 km²2023 · WB | 93,030 km²2023 · WB |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDGreece: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Hungary: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- GDP per capita
- Current USD per personGreece: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Hungary: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- GDP growth
- Annual real change (%)Greece: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Hungary: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Policy interest rate
- Central bank instrument (%)Greece: 2026-09-16 · ECB: deposit facility; shared euro-area rate · European Central Bank · Greece shares the ECB's monetary policy. Same instrument and date as Spain.
- Inflation · annual average
- Average annual change in headline CPI (%)Greece: 2025 · Annual average change in the CPI (%) · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Hungary: 2025 · Annual average CPI change (%) · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency statedGreece: 2026-08 · National headline CPI, change from the same month of the previous year · ELSTAT · Published: 2026-09-09 · Official monthly data. Not mixed with the annual average. · Alternative official source; verified 2026-10-07
- Unemployment
- % of the labour force; definition used by the stated institutionGreece: 2025 · ILO modelled estimate, % of the labour force · World Bank · ILO est. · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Hungary: 2025 · ILO modelled estimate; percentage of the labour force · World Bank · ILO est. · Annual World Bank observation, with its original year; not monthly data.
- Budget balance
- General government (% of GDP)Greece: 2025 · IMF · IMF est. · IMF WEO estimate, not a monthly observation. Retains the country's fiscal year where it differs from the calendar year.Hungary: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Gross public debt
- General government (% of GDP)Greece: 2025 · IMF · IMF est. · IMF WEO estimate, not a monthly observation. Retains the country's fiscal year where it differs from the calendar year.Hungary: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Current account balance
- % of GDPGreece: 2024 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Hungary: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Population
- PeopleGreece: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query. Extrapolated assuming the same growth rate as the previous 6 months.Hungary: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Area
- Total area in km²; territorial coverage of the sourceGreece: 2023 · World Bank / FAO · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Hungary: 2023 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
Greece to Hungary
| Product or sector | Value / share |
|---|---|
| Pharmaceutical products | 30.4 M USD2025 · Source |
| Mineral fuels and oils | 17 M USD2025 · Source |
| Machinery and mechanical appliances | 14.6 M USD2025 · Source |
| Electrical and electronic equipment | 8.1 M USD2025 · Source |
| Dairy products, eggs and honey | 4.8 M USD2025 · Source |
| Vehicles and components | 1.3 M USD2025 · Source |
| Meat and edible offal | 0.238 M USD2025 · Source |
Hungary to Greece
| Product or sector | Value / share |
|---|---|
| Vehicles and components | 200.5 M USD2025 · Source |
| Electrical and electronic equipment | 198.1 M USD2025 · Source |
| Machinery and mechanical appliances | 93.6 M USD2025 · Source |
| Pharmaceutical products | 74.7 M USD2025 · Source |
| Dairy products, eggs and honey | 22.3 M USD2025 · Source |
| Meat and edible offal | 17.4 M USD2025 · Source |
| Mineral fuels and oils | 3.1 M USD2025 · Source |
How trade has changed
Billions of current USD · full calendar years
View chart figures
| Period | Total | Greece to Hungary | Hungary to Greece |
|---|---|---|---|
| 2021 | 1,050.9 | 395.3 | 655.6 |
| 2022 | 1,234.4 | 514.3 | 720.1 |
| 2023 | 1,280.4 | 511.9 | 768.4 |
| 2024 | 1,170.8 | 339.6 | 831.1 |
| 2025 | 1,334.3 | 338.7 | 995.6 |
Connections between people
The Greek community is one of Hungary’s officially recognised minorities, according to diplomatic documentation. Minority membership, ancestry and Greek citizenship are not equivalent counts. [1]
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from Greece living in Hungary | ||
| Residents from Hungary living in Greece | ||
| Study and training: Greece in Hungary | ||
| Study and training: Hungary in Greece | ||
| Academic stays: Greece in Hungary | ||
| Academic stays: Hungary in Greece | ||
| Travel: Greece to Hungary | ||
| Travel: Hungary to Greece |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
Bilateral context
Diplomatic relations were restored on 23 July 1956 and embassies established on 24 August 1964, according to the Greek profile. Both countries participate in the European Union and NATO; these frameworks organise institutional cooperation but do not replace all bilateral matters. [1]
The scale of both economies
Nominal GDP for Greece is 280.6 billion USD (2025), compared with 246.5 for Hungary (2025). The reference populations are 10.41 and 9.51 million, respectively. In the same year, the economy of Greece was 1.14 times that of Hungary in nominal GDP. The comparison provides context on market size, but does not, on its own, measure influence, well-being or diplomatic closeness. Estimates and their sources retain their labels in the tables. [4] [5] [6] [7]
Recent developments
Recent developments and latest available data · Review: 2026-10-08
Cooperation and bilateral issues
The profile highlights Hungarian university departments of ancient and modern Greek studies. It also records discussions begun in 2008 for the return of 22 objects from the Argos museum located in Budapest’s Museum of Fine Arts. This is retained as negotiating background: the page does not confirm a completed return here. The community estimate of around 5,000 members lacks a precise date in the profile and is therefore not incorporated as a current census. [1]
What merchandise trade shows
In 2025, merchandise trade between the two countries (Greece and Hungary) totalled 1,334.3 million current USD. Shipments from the first to the second were 338.7 million; those in the opposite direction, 995.6 million. The difference between the two flows was 656.9 million, in favour of Hungary. This is a goods balance, not the total balance of the economic relationship: it excludes services, income and transfers. Both directions come from a single customs reporter to avoid adding mirror records. [2]
Five years of trade trends
The consistent series shows 1,050.9 million USD in 2021 and 1,334.3 million in 2025. The change between the two endpoints was +27 % in current dollars. The highest annual value in the period was recorded in 2025, at 1,334.3 million. The chart allows the two directions to be compared to see whether they moved together or differently. The change combines quantities, prices and exchange rates; it is not automatically attributed to a treaty, a visit or a political decision. The same reporter is retained and missing years are not interpolated. [2]
Documented trade sectors
Within the selected chapters, pharmaceutical products stands out in shipments from Greece to Hungary, at 30.4 million USD in 2025. Within the selected chapters, vehicles and components stands out in shipments from Hungary to Greece, at 200.5 million USD in 2025. The table compares eight selected chapters with the same coverage as the trade total. It is not a complete list or proof that the first item in this selection is the leading product across the entire relationship. A chapter groups numerous goods: machinery and components, for example, do not describe a single business transaction. [3]
Milestones and consequences
Sources and data
Periods and scope of the figures
Institutional sources and periods accompany each figure. Annual trade, investment positions, residents and visits are distinct measures. Empty cells do not mean zero. Statements of intent are not presented as project implementation or treaties in force.
- Hungary - Hellenic Republic - Ministry of Foreign Affairs
Ministry of Foreign Affairs of Greece · Institutional source · Accessed: 2026-10-08
- UN Comtrade annual data; reused verified primary payload, not re-downloaded
UN Comtrade · Institutional source · Accessed: 2026-10-08
- Bounded matrix; reporter, partner, year, chapter and direction identified in each record
UN Comtrade · Institutional source · Accessed: 2026-10-08
- NY.GDP.MKTP.CD; 2023–2025; country and period preserved; no military series
World Bank · Institutional source · Accessed: 2026-10-07
- Official series — gdp
World Bank · Institutional source · Accessed: 2026-10-07
- SP.POP.TOTL; 2023–2025; country and period preserved; no military series
World Bank · Institutional source · Accessed: 2026-10-07
- Official series — population
World Bank · Institutional source · Accessed: 2026-10-07
Additional sources on products and human connections
- UN Comtrade
2026-10-08 · Accessed: 2026-10-08 · Bounded matrix; reporter, partner, year, chapter and direction identified in each record.