GDP in Hungary

Hungary GDP | Economic News & Forecasts

Hungary - GDP

Economy expands robustly in Q1

The Hungarian economy started the year on a strong footing. According to preliminary data released by the Central Statistics Office (KSH) on 16 May, the economy expanded 4.1% annually in Q1, buoyed by a healthy performance in industry and the services sector. The reading was well above the previous quarter’s 1.6% increase and vastly exceeded market analysts' expectations of a softer 3.4% rise.

On a quarter-on-quarter basis, GDP growth jumped from a 0.7% expansion in the fourth quarter to a 1.3% increase in the first quarter. More detailed data will be released on 7 June.


FocusEconomics Consensus Forecast panelists expect a 3.2% expansion in 2017, which is up 0.1 percentage points from last month’s projection. For 2018, the panel expects growth to expand 3.1%.

Hungary - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)1.7  -1.6  2.1  4.0  3.1  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Hungary GDP Chart


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

Hungary Facts

ValueChangeDate
Bond Yield3.14-1.57 %May 24
Exchange Rate274.5-0.51 %May 24
Stock Market34,251-1.38 %May 24

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

  • Hungary: Central Bank leaves rates unchanged

    May 23, 2017

    At its 23 May monetary policy meeting, the Monetary Council of the Hungarian National Bank (MNB) left the base rate unchanged at its current record low of 0.90%, in line with market expectations.

    Read more

  • Hungary: Economy expands robustly in Q1

    May 16, 2017

    The Hungarian economy started the year on a strong footing.

    Read more

  • Hungary: Inflation moderates in April

    May 12, 2017

    In April, consumer prices increased 0.4%, coming in above the flat reading observed in March.

    Read more

  • Hungary: Industrial output surges in March

    May 5, 2017

    According to preliminary data released by the Statistical Institute (KSH) on 5 May, industrial output in March rose a working-day adjusted 9.4%, which followed the already-strong 7.1% expansion observed in February and marked the best print since October 2015. On a monthly basis, industrial production slowed from a revised seasonally- and working-day adjusted 3.1% expansion in February to a soft 0.4% increase in March.

    Read more

  • Hungary: Central Bank stays put in April

    April 25, 2017

    At its 25 April monetary policy meeting, the Monetary Council of the Hungarian National Bank (MNB) met market expectations by leaving the base rate unchanged at its current record low of 0.90% and by keeping all remaining monetary policy instruments on hold.

    Read more

Search form