GDP in Hungary

Hungary GDP | Economic News & Forecasts

Hungary - GDP

Economy loses steam in Q4

The Hungarian economy decelerated for the second consecutive quarter in Q4. According to preliminary data released by the Central Statistics Office (KSH) on 14 February, the economy expanded 1.6% annually in Q4, well below the 2.2% expansion observed in Q3 .The reading was worse than market analysts’ expectations of a stronger 2.2% increase. In annual terms, the economy expanded at a four-year low of 2.0% in 2016, matching FocusEconomics’ Consensus Forecast.

According to KSH, a stagnation in the industry and construction sectors are chiefly to blame for the disappointing quarterly result. On a quarter-on-quarter basis, GDP growth inched up from a seasonally-adjusted 0.3% expansion in Q3 to a modest 0.4% increase. More detailed data will be released on 7 March.

FocusEconomics Consensus Forecast panelists expect a 3.0% expansion in 2017, which is up 0.1 percentage points from last month’s projection. For 2018, the panel expects growth to expand 2.9.

Hungary - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)1.8  -1.7  1.9  3.7  2.9  

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Hungary GDP Chart

Hungary GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Hungarian Central Statistical Office (KSH).

Hungary Facts

Bond Yield3.690.0 %Feb 16
Exchange Rate288.1-0.93 %Feb 16
Stock Market33,745-0.70 %Feb 16

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