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.


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Hungary GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.50 5.00 5.90 -7.90 1996 - 2019 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-08-30 07:00 AM YoY Final Q2 4.9% 5.3% 4.9% 4.9%
2019-11-14 08:00 AM YoY Prel Q3 5.0% 4.9% 4.7% 4.5%
2019-11-29 08:00 AM YoY Final Q3 5.0% 4.9% 5.0%
2020-02-14 08:00 AM YoY Prel Q4 4.5% 5% 4.5% 4.2%
2020-02-28 08:00 AM YoY Final Q4 5.0% 4.5% 4.5%
2020-05-15 07:00 AM YoY Prel Q1 3.9%
2020-05-29 07:00 AM YoY Final Q1 3.9%
2020-08-14 07:00 AM YoY Prel Q2 3.6%


News Stream
Hungary Q4 GDP Growth Rate at 2-Year Low of 4.5%
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.
2020-02-14
Hungary Q3 GDP Growth Confirmed at 5% YoY
Hungary’s GDP expanded 5.0 percent year-on-year in the third quarter of 2019, accelerating from a 4.9 percent advance in the previous period and in line with market expectations. On the production side, GDP growth was mainly driven by industry (7.6 percent vs 4.0 percent in Q2), namely manufacturing (8.1 percent vs 3.2 percent); construction (18.1 percent vs 27.4 percent) and services (3.9 percent vs 4.4 percent). On the expenditure side, government expenditure rebounded (2.2 percent vs -3.7 percent); while both household consumption (4.2 percent vs 4.7 percent) and gross fixed capital formation (16.1 percent vs 17.8 percent) slowed. Net trade contributed positively to growth, as exports climbed 8.3 percent (vs 2.8 percent) while imports rose at a softer 7.4 percent (vs 4.3 percent). On a seasonally adjusted quarterly basis, the GDP grew 1.1 percent, the same as in Q2 and above earlier estimates of 0.9 percent.
2019-11-29
Hungary Economy Grows 5.0% YoY in Q3
Hungary’s gross domestic product expanded 5.0 percent year-on-year in the third quarter of 2019, following a 4.9 percent growth in the previous period and well above market consensus of 4.7 percent, a flash estimate showed. On a seasonally adjusted quarterly basis, the economy advanced 1.1 percent, unchanged from the previous period.
2019-11-14
Hungary Q2 GDP Growth Confirmed at 1-Year Low
Hungary's gross domestic product expanded 4.9 percent year-on-year in the second quarter of 2019, slowing from a 15-year high of 5.3 percent in the previous period and in line with preliminary estimates. It was the lowest growth since the second quarter of 2018, as output for industry rose 3.1 percent, after a 5.8 percent gain in Q1, namely manufacturing (3.1 percent vs 5.8 percent). Also, construction activity climbed 27.9 percent, easing from a 46.7 percent jump. On a seasonally adjusted quarterly basis, the GDP advanced 1.1 percent, following a 1.4 percent growth in Q1.
2019-08-30

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.