Markets Actual Q2 Q3 Q4 Q1 2020
Currency 292.65 291 293 295 298 302
Stock Market (points) 40184.85 41942 41372 40811 40254 39167
Government Bond 10Y (%) 3.26 3.44 3.53 3.63 3.72 3.92
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.50 0.5 0.6 0.7 0.9 0.6
GDP Annual Growth Rate (%) 5.30 4 3 2.6 2.3 3.2
Unemployment Rate (%) 3.60 3.6 3.6 3.5 3.5 3.5
Inflation Rate (%) 3.90 3.4 3.2 3.2 3.1 3.1
Inflation Rate Mom (%) 0.90 0.2 0.3 0.3 0.3 0.2
Interest Rate (%) 0.90 0.9 0.9 0.9 0.9 0.9
Balance of Trade (HUF Million) 213000.00 350000 70000 120000 280000 90000
Current Account (EUR Million) -348.79 -320 -290 -290 590 -180
Current Account to GDP (%) 0.40 0.2 0.2 0.2 0.4 0.4
Government Debt to GDP (%) 70.80 69.5 69.5 69.5 68 68
Government Budget (% of GDP) -2.20 -1.6 -1.6 -1.6 -1.7 -1.7
Business Confidence (Index Points) 7.10 11 9 10 8 12
Consumer Confidence (Index Points) -8.90 -12 -11 -8 -10 -8
Retail Sales MoM (%) 0.20 -0.2 0.3 0.3 0.7 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 Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.50 0.5 0.6 0.7 0.9 0.6
GDP Annual Growth Rate (%) 5.30 4 3 2.6 2.3 3.2
GDP (USD Billion) 139.14 151 151 151 157 157
GDP Constant Prices (HUF Million) 7377784.00 6904399 7143696 7569606 7547473 7811834
Gross Fixed Capital Formation (HUF Million) 1877569.00 1764202 1846785 1926386 1920753 1988030
GDP per capita (USD) 15647.85 16220 16220 16220 16790 16790
GDP per capita PPP (USD) 26777.56 27871 27871 27871 28225 28225
GDP From Agriculture (HUF Million) 214793.00 214647 214756 220378 219733 227430
GDP From Construction (HUF Million) 306893.00 284145 306384 314872 313952 324948
GDP From Manufacturing (HUF Million) 1342380.00 1354057 1330180 1377282 1373255 1421355
GDP From Public Administration (HUF Million) 979661.00 992217 990049 1005132 1002193 1037296
GDP From Services (HUF Million) 3951228.00 3923239 3957364 4053960 4042106 4183687
GDP From Transport (HUF Million) 319367.00 314620 318610 327671 326712 338156
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 3.60 3.6 3.6 3.5 3.5 3.5
Wages (HUF/Month) 345860.00 360886 350831 390576 371633 418698
Wage Growth (%) 12.10 9.5 8.7 8.5 8.2 7.2
Minimum Wages (EUR/Month) 464.20 464 464 464 500 500
Population (Million) 9.78 9.75 9.74 9.76 9.74 9.74
Retirement Age Women 64.00 64 64 64 64.5 64.5
Retirement Age Men 64.00 64 64 64 64.5 64.5
Living Wage Family (HUF/Month) 221500.00 232468 230770 240328 239663 257631
Wages High Skilled (HUF/Month) 281600.00 269808 267837 305536 304691 327535
Wages Low Skilled (HUF/Month) 140400.00 132166 131201 152334 151913 163302
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 3.90 3.4 3.2 3.2 3.1 3.1
Inflation Rate Mom (%) 0.90 0.2 0.3 0.3 0.3 0.2
Consumer Price Index CPI (Index Points) 1311.10 1317 1323 1321 1340 1362
Core Consumer Prices (Index Points) 440.70 445 447 450 455 465
Core Inflation Rate (%) 3.80 4.2 3.8 3.6 3.6 3.4
Producer Prices Change (%) 2.70 2.5 3.2 3.6 3.4 2.9
Food Inflation (%) 5.00 4.9 4.5 4.2 4.2 4.1
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 0.90 0.9 0.9 0.9 0.9 0.9
Interbank Rate (%) 0.21 0.18 0.18 0.18 0.18 0.28
Deposit Interest Rate (%) -0.05 -0.05 -0.05 -0.05 -0.05 0.05
Private Debt to GDP (%) 133.37 117 117 117 112 112
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (HUF Million) 213000.00 350000 70000 120000 280000 90000
Current Account (EUR Million) -348.79 -320 -290 -290 590 -180
Current Account to GDP (%) 0.40 0.2 0.2 0.2 0.4 0.4
Imports (HUF Million) 8460000.00 2790000 2820000 2430000 2740000 2550000
Exports (HUF Million) 3059000.00 3140000 2890000 2550000 3020000 2640000
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 70.80 69.5 69.5 69.5 68 68
Government Budget (% of GDP) -2.20 -1.6 -1.6 -1.6 -1.7 -1.7
Government Spending (HUF Million) 742828.00 708591 687418 762142 759913 786530
Government Spending to GDP (%) 46.50 46.4 46.4 46.4 45.7 45.7
Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 7.10 11 9 10 8 12
Industrial Production (%) 8.00 3.2 2.3 2.6 2.9 2.8
Manufacturing Pmi 54.90 53.1 53.2 53.4 54 55
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) -8.90 -12 -11 -8 -10 -8
Retail Sales MoM (%) 0.20 -0.2 0.3 0.3 0.7 0.2
Retail Sales YoY (%) 5.90 4.2 4 4.2 3.8 3.4
Consumer Spending (HUF Million) 4361107.00 4176591 4089708 4474496 4461412 4617680
Bank Lending Rate (%) 0.90 0.9 0.9 0.9 0.9 1
Gasoline Prices (USD/Liter) 1.40 1.24 1.21 1.18 1.15 1.15
Housing Actual Q2 Q3 Q4 Q1 2020
Construction Output (%) 67.60 17 9.5 6.4 5.1 4


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.