Hungary GDP Annual Growth Rate

The Hungarian economy advanced 5.3 percent year-on-year in the first quarter of 2019, following a 5.1 percent rise in the previous period and in line with preliminary estimate. It was the highest growth rate since the third quarter of 2004, as government consumption rebounded (2.1 percent vs -7.0 percent in Q4) and household consumption increased faster (4.8 percent vs 4.3 percent) while gross fixed capital formation rose sharply (23.4 percent vs 17.2 percent). Net foreign demand contributed positively to GDP, as exports went up 7.7 percent (from 5.6 percent in Q4) while imports increased at a softer 6.7 percent (from 8.2 percent in Q4). On a seasonally adjusted quarterly basis, the economy expanded 1.5 percent, accelerating from a 1.1 percent rise in the previous period. GDP Annual Growth Rate in Hungary averaged 2.51 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 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 2.30 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.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
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	5.3%	5.1%	5.1%	4.5%
2019-05-31	07:00 AM	GDP Growth Rate YoY Final	5.3%	5.1%		5.3%
2019-08-14	07:00 AM	GDP Growth Rate YoY Prel		5.3%		4%
2019-08-30	07:00 AM	GDP Growth Rate YoY Final		5.3%		4%
2019-11-14	08:00 AM	GDP Growth Rate YoY Prel				3%

Hungary GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	1.50	1.10	2.10	-4.00	percent	[+]
GDP Annual Growth Rate	5.30	5.10	5.60	-7.90	percent	[+]
GDP	139.14	125.82	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	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	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	[+]

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 June of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	5.30	5.10	5.60	-7.90	1996 - 2019	percent	Quarterly	NSA

Export Data API

Country	Last		Previous	Range
China	6.40	Mar/19	6.4	15.4 : 3.8	%
India	5.80	Mar/19	6.6	11.4 : -5.2	%
Indonesia	5.07	Mar/19	5.18	7.16 : 1.56	%
Saudi Arabia	3.60	Dec/18	2.5	24.2 : -20.7	%
United States	3.20	Mar/19	3	13.4 : -3.9	%
Spain	2.40	Mar/19	2.3	5.6 : -4.3	%
Australia	1.80	Mar/19	2.3	8.3 : -3.5	%
United Kingdom	1.80	Mar/19	1.4	9.7 : -6.1	%
Netherlands	1.70	Mar/19	2.2	6.1 : -4.6	%
South Korea	1.70	Mar/19	2.9	20.8 : -7.3	%
Switzerland	1.70	Mar/19	1.5	5.8 : -3.7	%
Canada	1.30	Mar/19	1.6	9.3 : -4.1	%
Euro Area	1.20	Mar/19	1.2	5 : -5.5	%
France	1.20	Mar/19	1.2	12.6 : -3.8	%
Mexico	1.20	Mar/19	1.7	9 : -9.1	%
Singapore	1.20	Mar/19	1.3	19 : -8.8	%
Japan	0.90	Mar/19	0.3	9.4 : -8.8	%
Germany	0.70	Mar/19	0.6	7.2 : -6.8	%
Brazil	0.50	Mar/19	1.1	10.1 : -5.5	%
Russia	0.50	Mar/19	2.7	12.1 : -11.2	%
South Africa	0.00	Mar/19	1.1	7.1 : -2.6	%
Italy	-0.10	Mar/19	0	10.3 : -7.2	%
Turkey	-2.60	Mar/19	-3	11.7 : -14.4	%
Argentina	-5.80	Mar/19	-6.2	16.2 : -16.3	%