The Hungarian economy advanced 5.1 percent year-on-year in the fourth quarter of 2018, the same pace as in the previous period and slightly above a preliminary estimate of 5.0 percent. It remained the highest growth rate since the third quarter of 2014, as social transfers in kind from government rose 1.0 percent (vs 0.2 percent in Q3). Household consumption slowed to 5.0 percent, after expanding 5.4 percent in the prior period and fixed investment grew 17.2 percent (20 percent in Q3). Meantime, net external demand contributed negatively to the GDP as exports increased 5.6 percent (vs 2.3 percent) and imports rose at a faster 8.2 percent (vs 6.2 percent). On a seasonally adjusted quarterly basis, the economy expanded 1 percent, down from an upwardly revised 1.4 percent in the previous period. Considering full 2018, the economy grew 4.9 percent compared to a year earlier. GDP Annual Growth Rate in Hungary averaged 2.48 percent from 1996 until 2018, reaching an all time high of 5.60 percent in the first quarter of 2000 and a record low of -7.90 percent in the second quarter of 2009.

GDP Annual Growth Rate in Hungary is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Hungary to stand at 3.60 in 12 months time. In the long-term, the Hungary GDP Annual Growth Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.

Hungary GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-14 08:00 AM GDP Growth Rate YoY Prel 4.8% 4.9% 4.3% 3.7%
2018-12-05 08:00 AM GDP Growth Rate YoY Final 4.9% 4.9% 3.7% 4.8%
2019-02-14 08:00 AM GDP Growth Rate YoY Prel 5% 4.9% 4.5% 4.2%
2019-03-01 08:00 AM GDP Growth Rate YoY Final 5.1% 5.1% 5% 5%
2019-05-15 07:00 AM GDP Growth Rate YoY Prel 5.1% 4.2%
2019-05-31 07:00 AM GDP Growth Rate YoY Final 5.1% 4.2%
2019-08-14 07:00 AM GDP Growth Rate YoY Prel 4%


Hungary GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 1.40 2.10 -4.10 percent [+]
GDP Annual Growth Rate 5.10 5.10 5.60 -7.90 percent [+]
GDP 139.14 125.82 158.00 4.69 USD Billion [+]
GDP Constant Prices 7377784.00 7072966.00 7377784.00 3674437.00 HUF Million [+]
Gross Fixed Capital Formation 1877569.00 1828500.00 1877569.00 733451.00 HUF Million [+]
GDP per capita 15647.85 14997.20 15647.85 8544.51 USD [+]
GDP per capita PPP 26777.56 25664.14 26777.56 14621.90 USD [+]
GDP From Agriculture 214793.00 212630.00 247648.00 132750.00 HUF Million [+]
GDP From Construction 306893.00 303350.00 306893.00 146366.00 HUF Million [+]
GDP From Manufacturing 1342380.00 1317010.00 1342380.00 545297.00 HUF Million [+]
GDP From Public Administration 979661.00 980247.00 999118.00 721089.00 HUF Million [+]
GDP From Services 3951228.00 3918182.00 3951228.00 2329575.00 HUF Million [+]
GDP From Transport 319367.00 315455.00 319367.00 172436.00 HUF Million [+]


Hungary GDP Annual Growth Rate

Electronics manufacturing and research are among the main drivers of innovation and economic growth in Hungary. The country has also grown into a major center for mobile technology, information security, and related hardware research. On the expenditure side, 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. This page provides - Hungary GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.10 5.60 -7.90 1996 - 2018 percent Quarterly
NSA




Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.18 Dec/18
Saudi Arabia 3.60 Dec/18
South Korea 3.10 Dec/18
United States 3.00 Dec/18
Russia 2.70 Dec/18
Australia 2.30 Dec/18
Spain 2.30 Dec/18
Netherlands 2.20 Dec/18
Mexico 1.70 Dec/18
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
United Kingdom 1.40 Dec/18
Singapore 1.30 Mar/19
Brazil 1.10 Dec/18
Euro Area 1.10 Dec/18
South Africa 1.10 Dec/18
France 1.00 Dec/18
Germany 0.60 Dec/18
Japan 0.30 Dec/18
Italy 0.00 Dec/18
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


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