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

Hungary's economy grew 1.6 percent year-on-year in the fourth quarter of 2016, easing from a 2.2 percent expansion in the previous period and matching the preliminary estimate. Household consumption rose by 3.9 percent (3.7 percent in Q3) and net external demand contributed positively, as exports advanced 3.1 percent (5.2 percent in Q3) and imports increased at a slower 2.7 percent (5.1 percent in Q3). By contrast, fixed investment contracted sharply by 19.6 percent (-9.9 percent in Q3), and government spending fell 5 percent (-2.1 percent in Q3). In 2016 as a whole, the economy grew 2 percent. GDP Annual Growth Rate in Hungary averaged 2.24 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)
2016-12-06 08:00 AM Q3 2.2% 2.8% 2% 2%
2017-02-14 08:00 AM Q4 1.6% 2.2% 2.2% 2.2%
2017-03-07 08:00 AM Q4 1.6% 2.2% 1.6% 1.6%
2017-05-12 07:00 AM Q1 1.6% 2.1%
2017-06-07 07:00 AM Q1 1.6% 2.1%
2017-08-11 07:00 AM Q2 1.8%




Hungary GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.30 2.10 -4.00 percent [+]
GDP Annual Growth Rate 1.60 2.20 5.60 -7.80 percent [+]
GDP 121.72 139.30 157.29 4.69 USD Billion [+]
GDP Constant Prices 6649999.00 6399693.00 6649999.00 3664706.00 HUF Million [+]
Gross Fixed Capital Formation 1184803.00 1190247.00 1432815.00 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 225718.00 224913.00 247575.00 132788.00 HUF Million [+]
GDP From Construction 192346.00 190275.00 285233.00 146456.00 HUF Million [+]
GDP From Manufacturing 1246650.00 1228430.00 1288669.00 554378.00 HUF Million [+]
GDP From Public Administration 989854.00 984475.00 989854.00 714115.00 HUF Million [+]
GDP From Services 3581608.00 3555720.00 3581608.00 2316284.00 HUF Million [+]
GDP From Transport 280520.00 280660.00 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 2.20 5.60 -7.80 1996 - 2016 percent Quarterly



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