International Reserves in Hungary
Hungary - International Reserves
The economy expanded at a softer-than-expected pace in the third quarter. Although a complete breakdown is not yet available, a weak industrial sector dragged on by global supply chain bottlenecks and cooling retail sales amid still-downbeat consumer confidence were likely behind the loss of momentum. Subdued underlying dynamics seem to have carried over into the fourth quarter, due to prolonged supply constraints and as soaring inflation severely hit consumer confidence in November. Moreover, the country is seeing record numbers of new Covid-19 cases, which is likely weighing on household spending decisions. Meanwhile, the government recently decided to cap fuel prices for consumers and small businesses in a bid to shield them from soaring energy prices, while it also sealed an agreement with the private sector on a 20% minimum wage hike ahead of the 2022 parliamentary elections.Hungary - International Reserves Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 33.1 | 25.8 | 28.0 | 31.4 | 31.8 |
Hungary International Reserves Chart
Source: National Bank of Hungary and FocusEconomics calculations.
Hungary Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.08 | 0.0 % | Dec 31 |
| Exchange Rate | 295.1 | -0.68 % | Jan 01 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a 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.
Economic News
-
Hungary: Economic sentiment declines in November amid tumbling consumer sentiment
November 22, 2021
The GKI economic sentiment index, a composite indicator, dropped to plus 0.2 in November from plus 2.5 in October, which had marked the best result since November 2019.
-
Hungary: Economic growth moderates in Q3
November 17, 2021
According to a preliminary reading, economic activity continued to recover in the third quarter, albeit at a slower rate.
-
Hungary: MNB delivers sixth consecutive rate hike in November; announces further hikes ahead
November 17, 2021
At its 16 November meeting, the Monetary Council of the Hungarian National Bank decided to raise its base rate to 2.10% from 1.80%, marking the sixth consecutive increase.
-
Hungary: Industrial output falls at sharpest rate since January in September
November 12, 2021
According to a second estimate by the Statistical Institute, industrial output declined 1.7% compared to the same month a year earlier in September, which contrasted August's 0.5% increase.
-
Hungary: Inflation comes in at highest level since September 2012 in October
November 10, 2021
Consumer prices increased 1.10% in October over the previous month, picking up from the 0.20% increase recorded in September.
© Copyright: 2021. | Hungary International Reserves | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
