Markets Actual Q1 Q2 Q3 Q4 2020
Currency 279.43 285 287 289 292 296
Stock Market (points) 41503.91 38841 38253 37678 37110 35996
Government Bond 10Y (%) 2.98 3.15 3.23 3.3 3.38 3.54
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.30 0.8 0.7 1.1 0.9 0.6
GDP Annual Growth Rate (%) 4.90 3.8 3.7 3.6 3.5 2.4
Unemployment Rate (%) 3.60 4.3 4.4 4.5 4.6 5
Inflation Rate (%) 2.70 3.2 3.1 3.8 3.1 3
Inflation Rate Mom (%) -0.30 0.3 0.2 0.3 0.3 0.2
Interest Rate (%) 0.90 0.9 0.9 0.9 0.9 1.5
Balance of Trade (HUF Million) 159000.00 40000 320000 129016 80000 50000
Current Account (EUR Million) 155.71 1200 709 724 450 320
Current Account to GDP (%) 3.20 0.5 0.5 0.5 0.5 0.3
Government Debt to GDP (%) 73.60 69.5 69.5 69.5 69.5 69.5
Government Budget (% of GDP) -2.00 -0.7 -0.7 -0.7 -0.7 -0.4
Retail Sales MoM (%) 0.40 -0.2 0.2 0.45 0.3 0.2
Corporate Tax Rate (%) 9.00 9 9 9 9 9
Personal Income Tax Rate (%) 15.00 15 15 15 15 15
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.30 0.8 0.7 1.1 0.9 0.6
GDP Annual Growth Rate (%) 4.90 3.8 3.7 3.6 3.5 2.4
GDP (USD Billion) 139.14 151 151 151 151 157
GDP Constant Prices (HUF Million) 7060628.00 6249629 6868706 7145356 7307750 7483136
Gross Fixed Capital Formation (HUF Million) 1839549.00 1657989 1706837 1861624 1903933 1949628
GDP per capita (USD) 15647.85 16220 16220 16220 16220 16790
GDP per capita PPP (USD) 26777.56 27872 27872 27872 27872 28225
GDP From Agriculture (HUF Million) 212005.00 195433 200204 214549 219425 224691
GDP From Construction (HUF Million) 303581.00 302351 324716 314510 314206 321747
GDP From Manufacturing (HUF Million) 1317490.00 1346824 1367728 1333300 1363602 1396329
GDP From Public Administration (HUF Million) 974819.00 1014612 1014020 1009912 1008938 1033152
GDP From Services (HUF Million) 3909244.00 3843596 3856338 3956155 4046068 4143173
GDP From Transport (HUF Million) 314267.00 312105 313246 318038 325266 333073
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 3.60 4.3 4.4 4.5 4.6 5
Wages (HUF/Month) 327089.00 342000 325346 325276 371000 375000
Wage Growth (%) 10.80 8.8 8.5 8.4 8.4 6
Minimum Wages (EUR/Month) 418.47 450 450 450 450 500
Population (Million) 9.78 9.75 9.75 9.74 9.75 9.73
Retirement Age Women 63.50 64 63.5 63.5 64 64.5
Retirement Age Men 63.50 64 63.5 63.5 64 64.5
Living Wage Family (HUF/Month) 221500.00 239900 215131 216246 239900 239900
Wages High Skilled (HUF/Month) 281600.00 280083 258170 262610 280083 285074
Wages Low Skilled (HUF/Month) 140400.00 140900 126837 128843 140900 141750
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 2.70 3.2 3.1 3.8 3.1 3
Inflation Rate Mom (%) -0.30 0.3 0.2 0.3 0.3 0.2
Consumer Price Index CPI (Index Points) 1279.70 1293 1313 1331 1324 1364
Harmonised Consumer Prices (Index Points) 99.60 103 103 104 103 106
Core Consumer Prices (Index Points) 434.00 435 438 444 444 457
Core Inflation Rate (%) 2.80 2.8 2.7 3.29 2.8 2.9
Producer Prices (Index Points) 105.10 110 114 113 112 116
Producer Prices Change (%) 5.10 6.1 5.9 5.8 5.7 3
CPI Transportation (Index Points) 101.70 102 111 112 108 112
Food Inflation (%) 4.50 4 3.6 4.1 4.5 4.9
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.90 0.9 0.9 0.9 0.9 1.5
Interbank Rate (%) 0.14 0.13 0.13 0.13 0.13 0.13
Deposit Interest Rate (%) -0.15 -0.15 -0.15 -0.15 -0.15 -0.15
Private Debt to GDP (%) 132.37 117 117 117 117 112
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (HUF Million) 159000.00 40000 320000 129016 80000 50000
Current Account (EUR Million) 155.71 1200 709 724 450 320
Current Account to GDP (%) 3.20 0.5 0.5 0.5 0.5 0.3
Imports (HUF Million) 2898000.00 3080000 2820000 2667954 2610000 2830000
Exports (HUF Million) 3058000.00 3120000 3140000 2796970 2690000 2880000
Terms of Trade (Index Points) 98.04 98.03 98.13 98.06 98.11 98.1
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 73.60 69.5 69.5 69.5 69.5 69.5
Government Budget (% of GDP) -2.00 -0.7 -0.7 -0.7 -0.7 -0.4
Government Budget Value (HUF Billion) 397.30 -320 -640 -152 -280 -240
Government Spending (HUF Million) 683932.00 668026 716667 708554 707870 724858
Government Spending to GDP (%) 46.50 46.5 46.5 46.5 46.5 46.5
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 9.00 9 9 9 9 9
Personal Income Tax Rate (%) 15.00 15 15 15 15 15
Sales Tax Rate (%) 27.00 27 27 27 27 27
Social Security Rate (%) 42.00 42 42 42 42 42
Social Security Rate For Companies (%) 23.50 23.5 23.5 23.5 23.5 23.5
Social Security Rate For Employees (%) 18.50 18.5 18.5 18.5 18.5 18.5
Business Actual Q1 Q2 Q3 Q4 2020
Industrial Production (%) 4.00 3.5 3.3 0.37 3.6 2.1
Manufacturing Pmi 54.16 53.3 53.1 53.2 53.2 52.5
Consumer Actual Q1 Q2 Q3 Q4 2020
Retail Sales MoM (%) 0.40 -0.2 0.2 0.45 0.3 0.2
Retail Sales YoY (%) 5.20 4.5 4.3 5.87 4.2 3.1
Consumer Spending (HUF Million) 4060429.00 3968052 4163919 4109154 4202544 4303405
Bank Lending Rate (%) 0.90 0.9 0.9 0.9 0.9 0.9
Gasoline Prices (USD/Liter) 1.30 1.22 1.2 1.17 1.14 1.14
Housing Actual Q1 Q2 Q3 Q4 2020
Construction Output (%) 27.30 25.5 17 9.5 6.4 3.5


This page has economic forecasts for Hungary including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Hungary economy.