The Gross Domestic Product (GDP) in Hungary expanded 1.10 percent in the third quarter of 2019 over the previous quarter.

GDP Growth Rate in Hungary averaged 0.64 percent from 1995 until 2019, reaching an all time high of 2.30 percent in the first quarter of 2002 and a record low of -4.20 percent in the first quarter of 2009. This page provides - Hungary GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Hungarian Central Statistical Office

GDP Growth Rate in Hungary is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Hungary to stand at 1.00 in 12 months time. In the long-term, the Hungary GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.


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Hungary GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.10 2.30 -4.20 1995 - 2019 percent Quarterly
SA

Calendar GMT Actual Previous Consensus TEForecast
2019-08-14 07:00 AM GDP Growth Rate QoQ Prel Q2 1.1% 1.4% 0.5%
2019-08-30 07:00 AM GDP Growth Rate QoQ Final Q2 1.1% 1.4% 1.1%
2019-11-14 08:00 AM GDP Growth Rate QoQ Prel Q3 1.1% 1.1% 0.9%
2019-11-29 08:00 AM GDP Growth Rate QoQ Final Q3 1.1% 1.1% 0.9%
2020-02-14 08:00 AM GDP Growth Rate QoQ Prel Q4 0.8%


Hungary GDP Growth Rate
In Hungary, household consumption is the main component of GDP and accounts for 50 percent of its total use, followed by gross fixed capital formation (22 percent) and government expenditure (20 percent). Exports of goods and services account for 89 percent of GDP while imports account for 82 percent, adding 7 percent of total GDP.

Hungary GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 1.10 2.30 -4.20 percent [+]
GDP Annual Growth Rate 5.00 4.90 5.90 -7.90 percent [+]
GDP 155.70 139.76 158.00 4.69 USD Billion [+]
GDP Constant Prices 7484050.00 7202196.00 7484050.00 3672960.00 HUF Million [+]
Gross Fixed Capital Formation 2193604.00 2110658.00 2193604.00 734169.00 HUF Million [+]
GDP per capita 16503.50 15695.70 16503.50 8548.30 USD [+]
GDP per capita PPP 28242.94 26860.57 28242.94 14629.01 USD [+]
GDP From Agriculture 219496.00 217934.00 254197.00 135465.00 HUF Million [+]
GDP From Construction 354333.00 345273.00 354333.00 144569.00 HUF Million [+]
GDP From Manufacturing 1357232.00 1335716.00 1357232.00 538330.00 HUF Million [+]
GDP From Public Administration 1021664.00 1024206.00 1039354.00 724159.00 HUF Million [+]
GDP From Services 4185605.00 4152706.00 4185605.00 2335017.00 HUF Million [+]
GDP From Transport 329494.00 327467.00 329494.00 180080.00 HUF Million [+]