Markets Actual Q3 Q4 Q1 Q2 2023
Currency 383.30 399 409 419 419 440
Stock Market (points) 39331.33 35653 33911 32251 32251 29175
Government Bond 10Y (%) 8.17 8.42 8.64 8.86 8.86 9.33

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 2.10 0.3 0.6 0.7 0.6 1
GDP Annual Growth Rate (%) 8.20 3 2 1 2 3.5
Unemployment Rate (%) 3.40 3.8 3.8 3.7 3.7 3.8
Inflation Rate (%) 10.70 10.5 9.5 6 4 4.5
Inflation Rate Mom (%) 1.70 0.5 0.2 0.2 0.2 0.1
Interest Rate (%) 7.75 7 7.4 7.7 8 8.5
Balance of Trade (EUR Million) -523.00 2900 -100 -100 -100 -800
Current Account (EUR Million) -2345.00 -1000 -400 -100 -100 200
Current Account to GDP (% of GDP) 0.00 0.2 0.25 0.25 0.25 0.25
Government Debt to GDP (% of GDP) 76.80 77.5 77.5 77.5 77.5 76.8
Government Budget (% of GDP) -6.80 -6.3 -6.3 -5 -5 -5
Business Confidence (points) 3.70 2.2 2.5 3.5 3.5 8
Consumer Confidence (points) -39.40 -16 -12 -10 -10 -8
Retail Sales MoM (%) -2.40 0.3 0.4 0.5 0.5 0.6
Corporate Tax Rate (%) 9.00 9 9 9 9 9
Personal Income Tax Rate (%) 15.00 15 15 15 15 15

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 2.10 0.3 0.6 0.7 0.6 1
GDP Annual Growth Rate (%) 8.20 3 2 1 2 3.5
GDP (USD Billion) 155.01 194 194 194 194 205
GDP Constant Prices (HUF Million) 10027680.00 10866835 11127979 11713448 10127957 12123419
Gross Fixed Capital Formation (HUF Million) 2867295.00 2793070 2823526 2800892 2895968 2898924
GDP per capita (USD) 14328.07 18400 18400 18400 18400 18400
GDP per capita PPP (USD) 31007.77 34200 34200 34200 34200 34200
Full Year GDP Growth (%) 7.10 4.1 4.1 3.5 3.5 3.5
GDP From Agriculture (HUF Million) 313986.00 337552 320478 313890 317126 324876
GDP From Construction (HUF Million) 481230.00 456528 459384 489510 486042 506643
GDP From Manufacturing (HUF Million) 2016417.00 2040045 2019665 2004146 2036581 2074291
GDP From Public Administration (HUF Million) 1291177.00 1313900 1312219 1309044 1304089 1354860
GDP From Services (HUF Million) 6184749.00 5990229 6081270 6153482 6246596 6368853
GDP From Transport (HUF Million) 631650.00 570621 591578 625812 637967 647715

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 3.40 3.8 3.8 3.7 3.7 3.8
Youth Unemployment Rate (%) 10.80 11.2 11.2 11.1 11.1 11.1
Labour Costs (points) 168.32 153 143 154 182 167
Wages (HUF/Month) 492043.00 459205 450850 516944 536301 559333
Wage Growth (%) 15.10 8.4 8.2 8.2 8.2 8.2
Minimum Wages (EUR/Month) 541.73 480 480 480 480 510
Population (Million) 9.77 9.7 9.7 9.7 9.7 9.7
Retirement Age Women 64.50 64.5 64.5 64.5 64.5 64.5
Retirement Age Men 64.50 64.5 64.5 64.5 64.5 64.5

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 10.70 10.5 9.5 6 4 4.5
Inflation Rate Mom (%) 1.70 0.5 0.2 0.2 0.2 0.1
Consumer Price Index CPI (points) 1569.80 1589 1608 1611 1633 1680
Harmonised Consumer Prices (points) 131.24 133 134 135 136 140
Core Consumer Prices (points) 480.00 456 467 483 501 476
Core Inflation Rate (%) 12.20 4.3 4.3 4.3 4.3 2
Producer Prices (points) 163.40 103 103 103 103 103
Producer Prices Change (%) 32.30 4.6 3.3 3.3 3.3 2.8
Food Inflation (%) 19.40 4.3 4.5 4.5 4.5 4.2
CPI Transportation (points) 113.20 114 114 114 114 115

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 7.75 7 7.4 7.7 8 8.5
Interbank Rate (%) 8.40 7.65 8.05 8.35 8.65 8.65
Deposit Interest Rate (%) 7.25 5.5 6.5 6.9 7.2 7.7
Private Debt to GDP (%) 136.20 135 135 135 135 132

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (EUR Million) -523.00 2900 -100 -100 -100 -800
Current Account (EUR Million) -2345.00 -1000 -400 -100 -100 200
Current Account to GDP (% of GDP) 0.00 0.2 0.25 0.25 0.25 0.25
Imports (EUR Million) 11527.00 9600 9900 9900 9900 11700
Exports (EUR Million) 11052.00 12500 9800 9800 9800 10900

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 76.80 77.5 77.5 77.5 77.5 76.8
Government Budget (% of GDP) -6.80 -6.3 -6.3 -5 -5 -5
Government Budget Value (HUF Billion) -101.00 -1100 -1100 -1190 -1190 -870
Government Spending (HUF Million) 1113965.00 1120107 1097212 1269921 1125105 1314369
Government Spending to GDP (% of GDP) 51.60 48 46.5 46.5 46.5 46.5
Government Revenues (HUF Billion) 2766.98 1850 3410 3410 3410 3880
Fiscal Expenditure (HUF Billion) 3093.15 2950 4600 4600 4600 4750

Taxes Actual Q3 Q4 Q1 Q2 2023
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 (%) 35.50 42 42 42 42 42
Social Security Rate For Companies (%) 17.00 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 Q3 Q4 Q1 Q2 2023
Business Confidence (points) 3.70 2.2 2.5 3.5 3.5 8
Industrial Production (%) 3.10 4.1 3.2 3.2 3.2 2.5
Manufacturing PMI (points) 57.00 50 52.8 52.8 52.8 52.8

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) -39.40 -16 -12 -10 -10 -8
Retail Sales MoM (%) -2.40 0.3 0.4 0.5 0.5 0.6
Retail Sales YoY (%) 15.80 3.7 1.9 1.9 1.9 1.9
Consumer Spending (HUF Million) 6470423.00 6387709 6369012 6821238 6535127 7059981
Bank Lending Rate (%) 10.25 9.5 9.9 10.2 10.5 10.5
Gasoline Prices (USD/Liter) 1.34 1.39 1.44 1.49 1.54 1.54
Consumer Credit (HUF Billion) 1148.70 1116 1162 1176 1147 1217

Housing Actual Q3 Q4 Q1 Q2 2023
Construction Output (%) 3.20 7.8 9.2 13.5 13.5 19.2


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Hungary Forecast - was last updated on Sunday, July 3, 2022.