The Gross Domestic Product (GDP) in Hungary expanded 0.70 percent in the third quarter of 2021 over the previous quarter. source: Hungarian Central Statistical Office

GDP Growth Rate in Hungary averaged 0.63 percent from 1995 until 2021, reaching an all time high of 9.60 percent in the third quarter of 2020 and a record low of -14.50 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 December of 2021.

GDP Growth Rate in Hungary is expected to be 1.20 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 0.90 percent in 2022 and 0.70 percent in 2023, according to our econometric models.

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Hungary GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-09-01 07:00 AM QoQ Final Q2 2.7% 2% 2.7%
2021-11-16 08:00 AM QoQ Prel Q3 0.7% 2.7% 1.1%
2021-12-01 08:00 AM QoQ Final Q3 2.7% 0.7%

Related Last Previous Unit Reference
GDP Growth Rate 0.70 2.70 percent Sep/21
GDP Annual Growth Rate 6.10 17.90 percent Sep/21
GDP Constant Prices 10403959.00 9250125.00 HUF Million Jun/21
Gross Fixed Capital Formation 2641287.00 2558920.00 HUF Million Jun/21
GDP From Transport 489866.00 485497.00 HUF Million Jun/21
GDP From Services 5611754.00 5509934.00 HUF Million Jun/21
GDP From Public Administration 1245831.00 1250656.00 HUF Million Jun/21
GDP From Manufacturing 2075695.00 2026335.00 HUF Million Jun/21
GDP From Construction 421443.00 406808.00 HUF Million Jun/21
GDP From Agriculture 340093.00 344239.00 HUF Million Jun/21
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.