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

The Hungarian economy expanded 2.6 percent year-on-year in the second quarter of 2016, compared to an upwardly revised 1.1 percent rise in the previous period and in line with preliminary estimates. The growth was mainly driven by household consumption expenditure (+5.1 percent from +4.8 percent in Q1) and government spending (+2.8 percent from +5 percent in Q1) while investments contracted further (-20 percent from -7.8 percent). Exports rose 8.2 percent (+5.7 percent in Q1) and imports increased 6.1 percent (+7.8 percent in Q1). On a quarterly basis, the economy advanced 1.0 percent, following 0.5 percent contraction. GDP Annual Growth Rate in Hungary averaged 2.21 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. GDP Annual Growth Rate in Hungary is reported by the Hungarian Central Statistical Office.

Hungary GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.60 0.90 5.60 -7.80 1996 - 2016 percent Quarterly
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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-07 07:00 AM Q1 0.9% 3.2% 0.9% 0.9%
2016-08-12 07:00 AM Q2 2.6% 0.9% 1.9% 1.2%
2016-09-06 07:00 AM Q2 2.6% 1.1% 2.6% 2.6%
2016-11-15 08:00 AM Q3 2.6% 2.2%
2016-12-06 08:00 AM Q3

Hungary GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 -0.50 2.00 -3.90 percent [+]
GDP Annual Growth Rate 2.60 0.90 5.60 -7.80 percent [+]
GDP 120.69 138.35 157.09 4.69 USD Billion [+]
GDP Constant Prices 6142346.00 5559367.00 6481916.00 3657680.00 HUF Million [+]
Gross Fixed Capital Formation 1124830.00 1210059.00 1429407.00 738483.00 HUF Million [+]
GDP per capita 14374.61 13933.39 14374.61 8485.54 USD [+]
GDP per capita PPP 24474.49 23723.25 24474.49 14447.64 USD [+]
GDP From Agriculture 190316.00 169761.00 247161.00 132644.00 HUF Million [+]
GDP From Construction 176303.00 169508.00 285658.00 146657.00 HUF Million [+]
GDP From Manufacturing 1222838.00 1203665.00 1286501.00 556270.00 HUF Million [+]
GDP From Public Administration 960077.00 957070.00 975110.00 714438.00 HUF Million [+]
GDP From Services 3510463.00 3470202.00 3510463.00 2309754.00 HUF Million [+]
GDP From Transport 276869.00 274283.00 293334.00 171905.00 HUF Million [+]




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