Hungary GDP Annual Growth Rate 1996-2014 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Hungary expanded 3.90 percent in the second quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Hungary averaged 2.05 Percent from 1996 until 2014, reaching an all time high of 5 Percent in the first quarter of 2000 and a record low of -8 Percent in the second quarter of 2009. GDP Annual Growth Rate in Hungary is reported by the Hungarian Central Statistical Office.


Hungary GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.90 3.70 5.00 -8.00 1996 - 2014 Percent Quarterly
In Hungary, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides - Hungary GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Hungary GDP Annual Growth Rate - was last refreshed on Thursday, October 30, 2014.

Hungary GDP Expands 2.7% YoY in Q4

Hungarian economy advanced at a faster 2.7 percent in the last quarter of 2013, in line with a preliminary estimate and boosted by investment. The figure compares with 1.8 percent growth in the previous three-month period.

On the production side, agriculture recorded the highest annual growth rate (22.2 percent) due to the excellent harvest. The gross value added of industry increased by 3.3 percent, as manufacturing expanded 5.1 percent and construction rose by 10.4 percent, mainly construction of buildings and civil engineering works. Services output increased by 1.3 percent yoy. 

On the expenditure side, household consumption increased by 1.0 percent yoy as expenditure on transport, accommodation, recreation and culture, food as well as housing, water, electricity, gas and other fuels increased.

Gross fixed capital formation rose at a higher rate than in the previous quarter (10.4 percent). Both construction investments and investments in machinery and equipment rose at rates exceeding 10 percent. 

The volume of exports rose at a higher rate than that of imports (8.8 percent and 7.6 percent respectively).

On a quarter-on-quarter seasonally adjusted basis, the GDP expanded 0.5 percent in the fourth quarter of 2013, down from a preliminary 0.6 percent estimate. 

Considering 2013 as a whole, the economy expanded 1.1 percent, recovering from a 1.7 percent contraction in 2012, boosted by agriculture and construction output.

KSH | Joana Taborda |
3/5/2014 11:41:27 AM

Recent Releases

Hungary GDP Growth Accelerates to 1.8% YoY in Q3
In the third quarter of 2013, the Hungarian economy advanced 1.8 percent over a year earlier, up from 1.7 percent in the initial estimate. It is the highest growth rate in the last two and a half years. Published on 2013-12-04

Hungarian Economy Expands 1.7% YoY in Q3
In the third quarter of 2013, Hungarian GDP grew by 1.7 percent compared to the same period last year, up from 0.5 percent expansion in the second quarter. Main contributors to the expansion were agriculture, manufacturing and construction Published on 2013-11-14

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-15 08:00 AM Hungary
GDP Growth Rate YoY Prel
Q1 2014 3.5% 2.7% 2.7% 2.31%
2014-06-04 08:00 AM Hungary
GDP Growth Rate YoY Final
Q1 2014 3.5% 2.7% 3.5% 3.5%
2014-08-14 08:00 AM Hungary
GDP Growth Rate YoY Prel
Q2 2014 3.9% 3.5% 3.5% 2.68%
2014-09-03 08:00 AM Hungary
GDP Growth Rate YoY Final
Q2 2014 3.9% 3.7% (R) 3.9% 3.9%
2015-11-14 08:00 AM Hungary
GDP Growth Rate YoY
Q3 2014 3.9%

Hungary GDP Last Previous Highest Lowest Unit
GDP 126.00 139.00 155.44 4.69 USD Billion [+]
GDP Growth Rate 0.80 1.10 2.30 -3.30 Percent [+]
GDP Annual Growth Rate 3.90 3.70 5.00 -8.00 Percent [+]
GDP Constant Prices 5168741.00 5888504.00 6144216.00 3625132.00 HUF Million [+]
GDP per capita 11000.20 11132.79 11533.82 2037.07 USD [+]
Gross Fixed Capital Formation 1091038.00 1061327.00 1317035.00 701271.00 HUF Million [+]
GDP per capita PPP 22146.13 22413.07 23220.44 14474.33 USD [+]