The Hungarian economy advanced 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, but still above market expectations of a 4.6 percent rise, preliminary estimates showed. It was the slowest expansion in a year, as output grew less for construction and manufacturing. On a seasonally adjusted quarterly basis, the GDP rose 1.1 percent, after a downwardly revised 1.4 percent growth in the previous quarter. GDP Annual Growth Rate in Hungary averaged 2.54 percent from 1996 until 2019, 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 3.00 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 2.60 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
2019-03-01 08:00 AM GDP Growth Rate YoY Final Q4 5.1% 5.1% 5% 5%
2019-05-15 07:00 AM GDP Growth Rate YoY Prel Q1 5.3% 5.1% 5.1% 4.5%
2019-05-31 07:00 AM GDP Growth Rate YoY Final Q1 5.3% 5.1% 5.3%
2019-08-14 07:00 AM GDP Growth Rate YoY Prel Q2 4.9% 5.3% 4.6% 4%
2019-08-30 07:00 AM GDP Growth Rate YoY Final Q2 5.3% 4.9%
2019-11-14 08:00 AM GDP Growth Rate YoY Prel Q3 3%
2019-11-29 08:00 AM GDP Growth Rate YoY Final Q3 3%


Hungary GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 1.50 2.10 -4.00 percent [+]
GDP Annual Growth Rate 4.90 5.30 5.60 -7.90 percent [+]
GDP 155.70 139.76 158.00 4.69 USD Billion [+]
GDP Constant Prices 6533717.00 7377784.00 7377784.00 3674437.00 HUF Million [+]
Gross Fixed Capital Formation 2006519.00 1877569.00 2006519.00 733451.00 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 202738.00 214793.00 247648.00 132750.00 HUF Million [+]
GDP From Construction 368885.00 306893.00 368885.00 146366.00 HUF Million [+]
GDP From Manufacturing 1376904.00 1342380.00 1376904.00 545297.00 HUF Million [+]
GDP From Public Administration 979436.00 979661.00 999118.00 721089.00 HUF Million [+]
GDP From Services 3994165.00 3951228.00 3994165.00 2329575.00 HUF Million [+]
GDP From Transport 320144.00 319367.00 320144.00 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.90 5.30 5.60 -7.90 1996 - 2019 percent Quarterly
NSA




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.05 Jun/19
Spain 2.30 Jun/19
United States 2.30 Jun/19
South Korea 2.10 Jun/19
Netherlands 2.00 Jun/19
Australia 1.80 Mar/19
Saudi Arabia 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
France 1.30 Jun/19
Japan 1.20 Jun/19
United Kingdom 1.20 Jun/19
Euro Area 1.10 Jun/19
Russia 0.90 Jun/19
Brazil 0.50 Mar/19
Germany 0.40 Jun/19
Singapore 0.10 Jun/19
Italy 0.00 Jun/19
South Africa 0.00 Mar/19
Mexico -0.70 Jun/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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