Hungary Government Debt To GDP

Hungary recorded a Government Debt to GDP of 79.20 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP in Hungary is reported by the Eurostat. Government Debt To GDP in Hungary averaged 59.43 Percent from 1995 until 2013, reaching an all time high of 82.20 Percent in 2010 and a record low of 0 Percent in 1996. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Hungary Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
79.20 79.80 82.20 0.00 78.97 | 2014/06 1995 - 2013 Percent Yearly

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Hungary Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 79.20 2013-12-31 79.80 82.20 0.00 78.97 2014-06-30 Percent [+]
Government Budget Value -217.90 2014-03-15 -407.90 434.90 -595.30 -107.14 2014-04-30 HUF Billion [+]
Government Spending 649955.00 2013-11-15 587958.00 649955.00 437790.00 639703.12 2014-03-31 HUF Million [+]
Credit Rating 42.58 [+]
Government Budget -2.20 2013-12-31 -2.10 4.30 -9.30 -2.43 2014-06-30 Percent of GDP [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


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In the period September to November 2013, Hungary’s jobless rate decreased to 9.3 percent, the lowest rate since February of 2009, as the employment rate of people aged 15–64 increased by 1.5 percentage points over a year earlier.
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In November of 2013, Hungarian annual CPI remained stable at 0.9 percent, the same rate recorded in October, as prices of electricity and natural gas decreased 10 percent due to new fees. Core annual inflation rate was recorded at 3.5 percent.
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