Hungary’s gross domestic product expanded 8.2 percent from a year earlier in the first quarter of 2022, above market expectations of a 6.9 percent expansion, preliminary data showed. On a seasonally adjusted quarterly basis, the economy grew 2.1 percent, easing from an upwardly revised 2.2 percent increase in the fourth quarter of 2021. Significant contributions were seen from industry and market services, while expansion was also noted for the manufacturing of food and beverages, refined petroleum products, and electrical equipment. source: Hungarian Central Statistical Office
GDP Annual Growth Rate in Hungary averaged 2.56 percent from 1996 until 2022, reaching an all time high of 17.80 percent in the second quarter of 2021 and a record low of -13 percent in the second quarter of 2020. This page provides - Hungary GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.
GDP Annual Growth Rate in Hungary is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary GDP Annual Growth Rate is projected to trend around 3.50 percent in 2023 and 3.00 percent in 2024, according to our econometric models.