Hungary’s GDP expanded 4.5 percent year-on-year in the fourth quarter of 2019, easing from a 5.0 percent advance in the previous period and in line with market expectations, preliminary estimates showed. It was the lowest annual GDP growth rate since the third quarter of 2017. On a seasonally adjusted quarterly basis, the GDP advanced 1.0 percent, below a 1.1 percent rise in the previous three-month period and also the lowest since Q3 2017. For full 2019, the economy grew 4.9 percent, slowing from a 5.1 percent expansion in 2018.
GDP Annual Growth Rate in Hungary averaged 2.61 percent from 1996 until 2019, reaching an all time high of 5.90 percent in the first quarter of 2000 and a record low of -7.90 percent in the second quarter of 2009. This page provides - Hungary GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Hungarian Central Statistical Office
GDP Annual Growth Rate in Hungary is expected to be 3.90 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 3.50 percent in 2021, according to our econometric models.