Hungary GDP Growth Rate  1996-2016 | Data | Chart | Calendar | Forecast

The Hungarian economy shrank 0.8 percent quarter-on-quarter in the March quarter of 2016, following downwardly revised 0.6 percent growth in the previous period, preliminary estimates showed. It was the biggest contraction since the first quarter of 2012. Year-on-year, the GDP advanced 0.9 percent, compared to 3.2 percent growth in the previous period and below market expectations of 2.3 percent. The slowdown was mainly driven construction and industry sectors. GDP Growth Rate in Hungary averaged 0.55 percent from 1996 until 2016, reaching an all time high of 2 percent in the first quarter of 2002 and a record low of -3.90 percent in the first quarter of 2009. GDP Growth Rate in Hungary is reported by the Hungarian Central Statistical Office.

Hungary GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-0.80 1.00 2.00 -3.90 1996 - 2016 percent Quarterly
Hungary is a rapidly developing country and the fifth largest national economy in Central and Eastern Europe. The automotive sector is one of Hungary’s leading industries, accounting for 20 percent of total exports. Around 700 companies, employing approximately over 130,000 people, generated more than EUR 21 billion in revenue in 2014, as over 2.4 million engines and 400,000 passenger cars have been manufactured. 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 Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-12 08:00 AM Q4 1% 0.7% 0.7%
2016-03-08 08:00 AM Q4 1% 0.7% 1% 1%
2016-05-13 07:00 AM Q1 -0.8% 0.6% 0.8%
2016-06-07 07:00 AM Q1 1% -0.8% -0.8%
2016-08-12 07:00 AM Q2 -0.37%
2016-09-06 07:00 AM Q2

Hungary GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.80 1.00 2.00 -3.90 percent [+]
GDP Annual Growth Rate 0.90 3.20 5.60 -7.80 percent [+]
GDP 138.35 134.40 156.58 4.69 USD Billion [+]
GDP Constant Prices 6481916.00 6198421.00 6481916.00 3657680.00 HUF Million [+]
Gross Fixed Capital Formation 1392384.00 1369775.00 1429407.00 738483.00 HUF Million [+]
GDP per capita 11888.11 11434.67 11888.11 2037.07 USD [+]
GDP per capita PPP 23609.00 22708.49 23609.00 14407.49 USD [+]
GDP From Agriculture 169077.00 168611.00 247071.00 132644.00 HUF Million [+]
GDP From Construction 222826.00 222111.00 285909.00 146657.00 HUF Million [+]
GDP From Manufacturing 1239010.00 1209200.00 1291751.00 556270.00 HUF Million [+]
GDP From Public Administration 956790.00 952322.00 974859.00 714438.00 HUF Million [+]
GDP From Services 3463339.00 3439796.00 3463339.00 2309786.00 HUF Million [+]
GDP From Transport 272879.00 272495.00 292876.00 171827.00 HUF Million [+]




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Japan 0.40 Mar/16
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Tunisia 0.40 Mar/16
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Bosnia and Herzegovina 0.30 Dec/15
Italy 0.30 Mar/16
Belgium 0.20 Mar/16
Canada 0.20 Dec/15
Israel 0.20 Mar/16
Portugal 0.20 Mar/16
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Bahrain 0.10 Dec/15
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Uruguay 0.10 Dec/15
Estonia 0.00 Mar/16
Mauritius 0.00 Dec/15
Latvia -0.10 Mar/16
Moldova -0.10 Dec/15
Poland -0.10 Mar/16
Belize -0.25 Dec/15
Indonesia -0.34 Mar/16
Hong Kong -0.40 Mar/16
Greece -0.50 Mar/16
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Trinidad And Tobago -0.60 Dec/15
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
Iceland -1.10 Dec/15
Brazil -1.40 Dec/15
Nigeria -13.70 Mar/16