Hungary’s gross domestic product advanced 1.3 percent on quarter in the three months to September of 2018, following a 1.1 percent expansion in the previous period and beating a preliminary reading of 1.2 percent. GDP Growth Rate in Hungary averaged 0.60 percent from 1995 until 2018, reaching an all time high of 2.10 percent in the first quarter of 2002 and a record low of -4.10 percent in the first quarter of 2009.

GDP Growth Rate in Hungary is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Hungary to stand at 1.10 in 12 months time. In the long-term, the Hungary GDP Growth Rate is projected to trend around 0.60 percent in 2020, according to our econometric models.

Hungary GDP Growth Rate
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-14 07:00 AM GDP Growth Rate QoQ Prel 0.9% 1.2% 1.2%
2018-09-05 07:00 AM GDP Growth Rate QoQ Final 1% 1.2% 0.9% 0.9%
2018-11-14 08:00 AM GDP Growth Rate QoQ Prel 1.2% 1.1% 1.1%
2018-12-05 08:00 AM GDP Growth Rate QoQ Final 1.3% 1.1% 1.2%
2019-02-14 08:00 AM GDP Growth Rate QoQ Prel 1.3% 1%
2019-03-06 08:00 AM GDP Growth Rate QoQ Final 1.3% 1%
2019-05-15 07:00 AM GDP Growth Rate QoQ Prel 0.8%


Hungary GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 1.10 2.10 -4.10 percent [+]
GDP Annual Growth Rate 4.90 4.90 5.60 -7.90 percent [+]
GDP 139.14 125.82 158.00 4.69 USD Billion [+]
GDP Constant Prices 7060628.00 6785046.00 7060628.00 3674437.00 HUF Million [+]
Gross Fixed Capital Formation 1839549.00 1686048.00 1839549.00 733451.00 HUF Million [+]
GDP per capita 15647.85 14997.20 15647.85 8544.51 USD [+]
GDP per capita PPP 26777.56 25664.14 26777.56 14621.90 USD [+]
GDP From Agriculture 212005.00 197766.00 247648.00 132750.00 HUF Million [+]
GDP From Construction 303581.00 313130.00 313130.00 146366.00 HUF Million [+]
GDP From Manufacturing 1317490.00 1351069.00 1351069.00 545297.00 HUF Million [+]
GDP From Public Administration 974819.00 977840.00 999118.00 721089.00 HUF Million [+]
GDP From Services 3909244.00 3809368.00 3909244.00 2329575.00 HUF Million [+]
GDP From Transport 314267.00 309431.00 314267.00 172436.00 HUF Million [+]


Hungary GDP Growth Rate

In Hungary, 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 Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.10 2.10 -4.10 1995 - 2018 percent Quarterly
SA




Country Last Previous
United States 3.40 Sep/18
Indonesia 3.09 Sep/18
South Africa 2.20 Sep/18
India 1.90 Jun/18
Singapore 1.60 Dec/18
China 1.50 Dec/18
South Korea 1.00 Dec/18
Russia 0.90 Jun/18
Brazil 0.80 Sep/18
Mexico 0.80 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
Canada 0.50 Sep/18
Australia 0.30 Sep/18
France 0.30 Sep/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Saudi Arabia -0.05 Mar/18
Italy -0.10 Sep/18
Germany -0.20 Sep/18
Switzerland -0.20 Sep/18
Japan -0.60 Sep/18
Argentina -0.70 Sep/18
Turkey -1.10 Sep/18


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