Markets Actual Q3 Q4 Q1 Q2 2020
Currency 292.15 286 288 290 292 296
Stock Market (points) 41367.22 39812 39349 38894 38443 37555
Government Bond 10Y (%) 2.32 2.77 2.84 2.92 2.99 3.15
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 1.50 0.6 0.7 0.9 0.8 0.6
GDP Annual Growth Rate (%) 5.30 3 2.6 2.3 2.6 3.2
Unemployment Rate (%) 3.40 3.4 3.5 3.5 3.5 3.5
Inflation Rate (%) 3.40 3.2 3.2 3.1 3 3.1
Inflation Rate Mom (%) -0.20 0.3 0.3 0.1 0.3 0.4
Interest Rate (%) 0.90 0.9 0.9 0.9 0.9 0.9
Balance of Trade (HUF Million) 223532.27 70000 120000 280000 400000 90000
Current Account (EUR Million) 328.90 -290 -290 590 440 -180
Current Account to GDP (%) 0.40 0.2 0.2 0.4 0.4 0.4
Government Debt to GDP (%) 70.80 69.5 69.5 68 68 68
Government Budget (% of GDP) -2.20 -1.6 -1.6 -1.7 -1.7 -1.7
Business Confidence (Index Points) 5.70 9 10 8 11 12
Consumer Confidence (Index Points) -7.00 -11 -8 -10 -7 -8
Retail Sales MoM (%) -0.10 0.3 0.3 0.7 -0.3 0.2
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 2020
GDP Growth Rate (%) 1.50 0.6 0.7 0.9 0.8 0.6
GDP Annual Growth Rate (%) 5.30 3 2.6 2.3 2.6 3.2
GDP (USD Billion) 155.70 170 170 175 175 175
GDP Constant Prices (HUF Million) 6533717.00 7162580 7658140 7643384 7547473 7903200
Gross Fixed Capital Formation (HUF Million) 2006519.00 1851667 1948917 1945161 1920753 2011282
GDP per capita (USD) 16503.50 17250 17250 18200 18200 18200
GDP per capita PPP (USD) 28242.94 29500 30000 30000 30000 30000
GDP From Agriculture (HUF Million) 202738.00 215324 222955 222526 219733 230090
GDP From Construction (HUF Million) 368885.00 307193 318555 317941 313952 328749
GDP From Manufacturing (HUF Million) 1376904.00 1333697 1393390 1390706 1373255 1437979
GDP From Public Administration (HUF Million) 979436.00 992667 1016888 1014929 1002193 1049429
GDP From Services (HUF Million) 3994165.00 3967825 4101375 4093472 4042106 4232619
GDP From Transport (HUF Million) 320144.00 319452 331503 330864 326712 342111
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 3.40 3.4 3.5 3.5 3.5 3.5
Wages (HUF/Month) 371131.00 350831 390576 371633 371633 418698
Wage Growth (%) 9.00 8.7 8.5 8.2 8 7.2
Minimum Wages (EUR/Month) 464.20 464 464 500 500 500
Population (Million) 9.78 9.76 9.76 9.74 9.74 9.74
Retirement Age Women 64.00 64 64 64.5 64.5 64.5
Retirement Age Men 64.00 64 64 64.5 64.5 64.5
Living Wage Family (HUF/Month) 221500.00 230770 240328 239663 239663 257631
Wages High Skilled (HUF/Month) 281600.00 267837 305536 304691 304691 327535
Wages Low Skilled (HUF/Month) 140400.00 131201 152334 151913 151913 163302
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 3.40 3.2 3.2 3.1 3 3.1
Inflation Rate Mom (%) -0.20 0.3 0.3 0.1 0.3 0.4
Consumer Price Index CPI (Index Points) 1316.60 1323 1321 1340 1340 1362
Core Consumer Prices (Index Points) 443.10 447 450 455 455 465
Core Inflation Rate (%) 3.80 3.8 3.6 3.6 3.5 3.4
Producer Prices Change (%) 2.70 3.2 3.6 3.4 3 2.9
Food Inflation (%) 5.60 4.5 4.2 4.2 4.3 4.1
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 0.90 0.9 0.9 0.9 0.9 0.9
Interbank Rate (%) 0.26 0.18 0.18 0.18 0.2 0.28
Deposit Interest Rate (%) -0.05 -0.05 -0.05 -0.05 -0.05 0.05
Private Debt to GDP (%) 133.37 129 129 125 125 125
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (HUF Million) 223532.27 70000 120000 280000 400000 90000
Current Account (EUR Million) 328.90 -290 -290 590 440 -180
Current Account to GDP (%) 0.40 0.2 0.2 0.4 0.4 0.4
Imports (HUF Million) 2831983.60 2820000 2430000 2740000 2860000 2550000
Exports (HUF Million) 3055515.87 2890000 2550000 3020000 3260000 2640000
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 70.80 69.5 69.5 68 68 68
Government Budget (% of GDP) -2.20 -1.6 -1.6 -1.7 -1.7 -1.7
Government Spending (HUF Million) 663046.00 689235 771055 769570 759913 795729
Government Spending to GDP (%) 46.50 46.4 46.4 45.7 45.7 45.7
Taxes Actual Q3 Q4 Q1 Q2 2020
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 (%) 39.50 42 42 42 39.5 42
Social Security Rate For Companies (%) 21.00 23.5 23.5 23.5 21 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 2020
Business Confidence (Index Points) 5.70 9 10 8 11 12
Industrial Production (%) 8.70 6.3 8.3 4.5 4.8 4.2
Manufacturing Pmi 54.40 55.2 53.4 54 54.5 55
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) -7.00 -11 -8 -10 -7 -8
Retail Sales MoM (%) -0.10 0.3 0.3 0.7 -0.3 0.2
Retail Sales YoY (%) 2.60 6 6.1 3.8 3.6 3.4
Consumer Spending (HUF Million) 4124022.00 4100520 4526829 4518107 4461412 4671688
Bank Lending Rate (%) 0.90 0.9 0.9 0.9 0.9 1
Gasoline Prices (USD/Liter) 1.38 1.21 1.18 1.15 1.24 1.15
Housing Actual Q3 Q4 Q1 Q2 2020
Construction Output (%) 26.30 9.5 6.4 5.1 4.8 4


This page has economic forecasts for Hungary including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Hungary economy.