Hungary’s GDP grew 1.0 percent on quarter in the three-month to December 2019, following a 1.1 percent expansion in the previous period. It was the weakest pace of expansion since Q3 2017. On a yearly basis, the economy advanced 4.5 percent, slowing from a 5.0 percent growth in Q3 and in line with market expectations. It was the lowest GDP annual growth rate since Q3 2017. Hungary GDP Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Growth Rate in Hungary averaged 0.64 percent from 1995 until 2019, reaching an all time high of 2.30 percent in the first quarter of 2002 and a record low of -4.20 percent in the first quarter of 2009. This page provides - Hungary GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Hungarian Central Statistical Office

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 0.80 in 12 months time. In the long-term, the Hungary GDP Growth Rate is projected to trend around 0.50 percent in 2021, according to our econometric models.


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Hungary GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.10 2.30 -4.20 1995 - 2019 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-08-30 07:00 AM QoQ Final Q2 1.1% 1.4% 1.1%
2019-11-14 08:00 AM QoQ Prel Q3 1.1% 1.1% 0.9%
2019-11-29 08:00 AM QoQ Final Q3 1.1% 1.1% 0.9%
2020-02-14 08:00 AM QoQ Prel Q4 1% 1.1% 0.8%
2020-02-28 08:00 AM QoQ Final Q4 1.1% 1% 1%
2020-05-15 07:00 AM QoQ Prel Q1 1%
2020-05-29 07:00 AM QoQ Final Q1 1%
2020-08-14 07:00 AM QoQ Prel Q2 0.9%


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.