Hungary GDP Annual Growth Rate  1996-2017 | Data | Chart | Calendar

The Hungarian economy expanded by 2.2 percent year-on-year in the third quarter of 2016, slowing from a 2.8 percent growth in the previous period, but better than preliminary estimate of 2 percent gain. Household consumption advanced at a slower 4.5 percent (+5.2 percent in Q2) while government spending contracted by 1.6 percent (+6.2 percent in Q2) and fixed investment fell by 8.8 percent (-19.7 percent in Q2). Net external demand also contributed negatively, as exports grew by 4.6 percent (+9.5 percent in Q2) and imports rose further by 5.3 percent (+8 percent in Q2). On a seasonally adjusted quarterly basis, the GDP advanced 0.3 percent, slowing from a 1 percent growth in Q2 but better than an estimated 0.2 percent gain. GDP Annual Growth Rate in Hungary averaged 2.25 percent from 1996 until 2016, reaching an all time high of 5.60 percent in the first quarter of 2000 and a record low of -7.80 percent in the second quarter of 2009.

Hungary GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-06 07:00 AM Q2 2.6% 1.1% 2.6% 2.6%
2016-11-15 08:00 AM Q3 2% 2.8% 2.65% 2.2%
2016-12-06 08:00 AM Q3 2.2% 2.8% 2% 2%
2017-02-14 08:00 AM Q4 2.2% 2.2%
2017-03-07 08:00 AM Q4 2.2% 2.2%
2017-05-12 07:00 AM Q1 2.1%




Hungary GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 1.00 2.10 -4.00 percent [+]
GDP Annual Growth Rate 2.20 2.80 5.60 -7.80 percent [+]
GDP 121.72 139.30 157.29 4.69 USD Billion [+]
GDP Constant Prices 6398029.00 6212248.00 6545066.00 3664706.00 HUF Million [+]
Gross Fixed Capital Formation 1231833.00 1156447.00 1429400.00 738762.00 HUF Million [+]
GDP per capita 14516.68 14042.56 14516.68 8507.52 USD [+]
GDP per capita PPP 24717.89 23910.60 24717.89 14485.95 USD [+]
GDP From Agriculture 229656.00 225081.00 247393.00 132754.00 HUF Million [+]
GDP From Construction 190473.00 170598.00 285234.00 146447.00 HUF Million [+]
GDP From Manufacturing 1195996.00 1233952.00 1287911.00 554378.00 HUF Million [+]
GDP From Public Administration 983899.00 983039.00 983899.00 714115.00 HUF Million [+]
GDP From Services 3548228.00 3525758.00 3548228.00 2316284.00 HUF Million [+]
GDP From Transport 279980.00 274488.00 292819.00 171600.00 HUF Million [+]



Hungary GDP Annual Growth Rate Notes

Hungary is the largest producer of electronics in Central and Eastern Europe. Electronics manufacturing and research are among the main drivers of innovation and economic growth in the country. In the past 20 years Hungary 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.80 5.60 -7.80 1996 - 2016 percent Quarterly



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