GDP in Hungary

Hungary GDP | Economic News & Forecasts

Hungary - GDP

Hungarian economy decelerates in Q2 from Q1’s multi-year high

The Hungarian economy continues to grow at a solid pace. According to preliminary data released by the Central Statistics Office (KSH) on 16 August, the economy expanded 3.2% annually in Q2, buoyed by a healthy performance in the service sector. Despite the strong growth, the reading was below the previous quarter’s 4.2% increase and undershot market analysts' expectations of a stronger 3.7% rise.

On a quarter-on-quarter basis, GDP growth slowed from a 1.4% expansion in the first quarter to a still-strong 0.9% increase in the second quarter. More detailed data will be released on 5 September.

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

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)-1.6  2.1  4.0  3.1  2.0  

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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 Yield2.75-1.79 %Sep 21
Exchange Rate259.60.01 %Sep 21
Stock Market38,1090.0 %Sep 21

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