Unemployment in Hungary

Hungary Unemployment | Economic News & Forecasts

Hungary - Unemployment

Growth was buoyant in Q4 2018, boosted by soaring domestic demand. Fixed investment continued to surge, fueled by inflows from EU funds and sturdy construction production, while robust wage growth and an extremely tight labor market powered solid consumer spending. Heading into Q1, low unemployment in January and solid albeit softening optimism among businesses in the first two months of the year point to robust growth, even if it is likely to moderate somewhat. In a testament to the country’s rosy economic situation, in February both Standard & Poor’s (S&P) and Fitch Ratings upgraded the country’s rating to BBB from BBB-, with a stable outlook. S&P highlighted Hungary’s strong growth prospects, amid wage gains and the expansion of export capacity; Fitch Ratings cited the country’s rapid external deleveraging, a sizable current account surplus and a declining debt-to-GDP ratio.

Hungary - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate10.1  7.7  6.8  5.1  4.2  

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Hungary Unemployment Chart

Hungary Unemployment
Note: Unemployment in % of active population.
Source: Hungarian Central Statistical Office (KSH).

Hungary Facts

Bond Yield3.280.0 %Mar 11
Exchange Rate280.7-0.68 %Mar 11
Stock Market40,8200.04 %Mar 11

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