Hungary's gross domestic product grew by 5 percent from a year earlier in the fourth quarter of 2018, following a 4.9 percent expansion in the previous three-month period and beating market expectations of 4.5 percent, a preliminary estimate showed. It was the highest growth rate since the second and third quarters of 2004, driven primarily by market services. Full-year 2018 economic growth came in at 4.8 percent, up from 4.1 percent a year earlier. GDP Annual Growth Rate in Hungary averaged 2.48 percent from 1996 until 2018, reaching an all time high of 5.60 percent in the first quarter of 2000 and a record low of -7.90 percent in the second quarter of 2009.
GDP Annual Growth Rate in Hungary is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Hungary to stand at 3.50 in 12 months time. In the long-term, the Hungary GDP Annual Growth Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.