Markets Actual Q4 Q1 Q2 Q3 2022
Currency 325.21 328 330 333 335 341
Stock Market (points) 51579.66 49595 48265 46971 45712 43294
Government Bond 10Y (%) 4.46 4.42 4.52 4.62 4.73 4.95

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 0.70 1.2 1 0.9 1 0.9
GDP Annual Growth Rate (%) 6.10 7.1 7.4 5.1 4.9 4.2
Unemployment Rate (%) 3.80 3.6 3.8 4 3.8 3.7
Inflation Rate (%) 6.50 6.9 6.2 5.3 4.5 3.7
Inflation Rate Mom (%) 1.10 0.1 0.3 0.3 0.3 0.2
Interest Rate (%) 2.10 2.3 2.5 2.75 2.75 2.75
Balance of Trade (EUR Million) 1.30 150 500 1400 2900 -100
Current Account (EUR Million) -775.00 100 500 500 600 200
Current Account to GDP (% of GDP) 0.00 -0.5 -0.4 -0.4 -0.4 -0.4
Government Debt to GDP (% of GDP) 80.40 78 77.5 77.5 77.5 77.5
Government Budget (% of GDP) -8.10 -6.1 -5 -5 -5 -5
Business Confidence (points) 9.10 4.2 5.1 3.5 2.2 1
Consumer Confidence (points) -25.10 -15 -5 -6 -5 -6
Retail Sales MoM (%) 0.60 0.5 0.7 0.7 0.3 0.4
Corporate Tax Rate (%) 9.00 9 9 9 9 9
Personal Income Tax Rate (%) 15.00 15 15 15 15 15

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 0.70 1.2 1 0.9 1 0.9
GDP Annual Growth Rate (%) 6.10 7.1 7.4 5.1 4.9 4.2
GDP (USD Billion) 155.01 176 194 194 194 194
GDP Constant Prices (HUF Million) 10403959.00 11386505 9934634 10934561 10913753 11864738
Gross Fixed Capital Formation (HUF Million) 2641287.00 2739304 2748280 2775993 2770710 2854355
GDP per capita (USD) 14328.07 17100 18400 18400 18400 18400
GDP per capita PPP (USD) 31007.77 32800 34200 34200 34200 34200
GDP From Agriculture (HUF Million) 340093.00 367981 369713 357438 356758 383436
GDP From Construction (HUF Million) 421443.00 405664 436912 442937 442094 422702
GDP From Manufacturing (HUF Million) 2075695.00 2081510 2176284 2181555 2177404 2168933
GDP From Public Administration (HUF Million) 1245831.00 1341157 1343205 1309368 1306877 1397485
GDP From Services (HUF Million) 5611754.00 5804745 5917669 5897953 5886730 6048544
GDP From Transport (HUF Million) 489866.00 494447 521424 514849 513869 515214

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 3.80 3.6 3.8 4 3.8 3.7
Youth Unemployment Rate (%) 10.00 9.7 9.9 10.1 9.9 9.8
Labour Costs (points) 141.10 144 162 153 153 156
Wages (HUF/Month) 414362.00 485397 459297 459205 449168 525200
Wage Growth (%) 9.10 8 8.4 8.4 8.4 8.2
Minimum Wages (EUR/Month) 476.00 440 480 480 480 480
Population (Million) 9.77 9.72 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 Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 6.50 6.9 6.2 5.3 4.5 3.7
Inflation Rate Mom (%) 1.10 0.1 0.3 0.3 0.3 0.2
Consumer Price Index CPI (points) 1455.40 1462 1488 1502 1503 1516
Harmonised Consumer Prices (points) 121.38 122 124 125 125 126
Core Consumer Prices (points) 439.10 488 494 447 455 509
Core Inflation Rate (%) 4.70 3.9 3.9 3.9 4.3 4.3
Producer Prices (points) 132.90 103 103 103 103 103
Producer Prices Change (%) 14.00 12.4 9.7 8.8 4.6 3.3
CPI Transportation (points) 116.00 116 116 117 117 117
Food Inflation (%) 4.70 4 4.3 4.3 4.3 4.5

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 2.10 2.3 2.5 2.75 2.75 2.75
Interbank Rate (%) 3.32 3.52 3.72 3.97 3.97 3.97
Deposit Interest Rate (%) 1.15 1.35 1.55 1.8 1.8 1.8
Private Debt to GDP (%) 136.20 140 135 135 135 135

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (EUR Million) 1.30 150 500 1400 2900 -100
Current Account (EUR Million) -775.00 100 500 500 600 200
Current Account to GDP (% of GDP) 0.00 -0.5 -0.4 -0.4 -0.4 -0.4
Imports (EUR Million) 10302.71 8450 11600 10500 9600 9900
Exports (EUR Million) 10304.01 8600 12100 11900 12500 9800

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 80.40 78 77.5 77.5 77.5 77.5
Government Budget (% of GDP) -8.10 -6.1 -5 -5 -5 -5
Government Budget Value (HUF Billion) -630.00 -1570 -1100 -1100 -1100 -1190
Government Spending (HUF Million) 1047425.00 1290184 1096342 1100844 1098749 1344372
Government Spending to GDP (% of GDP) 51.60 48 48 48 48 46.5
Government Revenues (HUF Billion) 2068.70 2980 1850 1850 1850 3410
Fiscal Expenditure (HUF Billion) 2459.99 4550 2950 2950 2950 4600

Taxes Actual Q4 Q1 Q2 Q3 2022
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 Q4 Q1 Q2 Q3 2022
Business Confidence (points) 9.10 4.2 5.1 3.5 2.2 1
Industrial Production (%) -2.30 2.2 3.5 4.1 4.1 3.2
Manufacturing PMI (points) 53.10 52.5 54.3 53.2 53.2 52.8

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) -25.10 -15 -5 -6 -5 -6
Retail Sales MoM (%) 0.60 0.5 0.7 0.7 0.3 0.4
Retail Sales YoY (%) 5.80 4.2 3.7 3.7 3.7 1.9
Consumer Spending (HUF Million) 6133971.00 6649011 6215707 6446804 6434536 6928270
Bank Lending Rate (%) 3.05 3.25 3.45 3.7 3.7 3.7
Consumer Credit (HUF Billion) 1128.38 1058 1093 1128 1184 1103
Gasoline Prices (USD/Liter) 1.49 1.42 1.35 1.28 1.21 1.15

Housing Actual Q4 Q1 Q2 Q3 2022
Construction Output (%) 14.20 7.5 6.2 4.8 4.8 3.2


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 Tuesday, November 30, 2021.