The Gross Domestic Product (GDP) in Hungary contracted 0.40 percent in the fourth quarter of 2022 over the previous quarter. source: Hungarian Central Statistical Office

GDP Growth Rate in Hungary averaged 0.63 percent from 1995 until 2022, reaching an all time high of 11.90 percent in the third quarter of 2020 and a record low of -14.40 percent in the second quarter of 2020. This page provides - Hungary GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

GDP Growth Rate in Hungary is expected to be -0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary GDP Growth Rate is projected to trend around 0.80 percent in 2024 and 0.70 percent in 2025, according to our econometric models.

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Hungary GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2023-02-14 07:30 AM QoQ Prel Q4 -0.4% -0.7% -1.2%
2023-03-02 07:30 AM QoQ Final Q4 -0.4% -0.7% -0.4% -0.4%
2023-05-16 06:30 AM QoQ Prel Q1 -0.4% -0.1%

Related Last Previous Unit Reference
GDP Growth Rate -0.40 -0.70 percent Dec 2022
GDP Annual Growth Rate 0.40 4.00 percent Dec 2022
GDP Constant Prices 11579978.00 11262883.00 HUF Million Dec 2022
Gross Fixed Capital Formation 2578371.00 2736174.00 HUF Million Dec 2022
Full Year GDP Growth 4.60 7.10 percent Dec 2022
GDP from Transport 630239.00 618295.00 HUF Million Dec 2022
GDP from Services 6387899.00 6381999.00 HUF Million Dec 2022
GDP from Public Administration 1299655.00 1292913.00 HUF Million Dec 2022
GDP from Manufacturing 2039781.00 2052501.00 HUF Million Dec 2022
GDP from Construction 430807.00 421845.00 HUF Million Dec 2022
GDP from Agriculture 202311.00 189761.00 HUF Million Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.40 -0.70 11.90 -14.40 1995 - 2022 percent Quarterly