Hungary GDP Annual Growth Rate  1996-2018 | Data | Chart | Calendar

The Hungarian economy advanced 4.4 percent year-on-year in the first quarter of 2018, the same as in the previous quarter and above market expectations of 4.1 percent. It remains the strongest expansion since the second quarter of 2014, mainly driven by market-based services, preliminary estimates showed. On a quarterly basis, the GDP expanded 1.2 percent, easing from a 1.3 percent increase in the previous quarter. GDP Annual Growth Rate in Hungary averaged 2.38 percent from 1996 until 2018, reaching an all time high of 5.60 percent in the first quarter of 2000 and a record low of -7.90 percent in the second quarter of 2009.

Hungary GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-14 08:00 AM GDP Growth Rate YoY Prel 4.4% 3.9% 4.1% 3.4%
2018-03-06 08:00 AM GDP Growth Rate YoY Final 4.4% 3.9% 4.4% 4.4%
2018-05-15 07:00 AM GDP Growth Rate YoY Prel 4.4% 4.4% 4.1% 3.9%
2018-06-05 07:00 AM GDP Growth Rate YoY Final 4.4% 4.4% 4.4%
2018-08-14 07:00 AM GDP Growth Rate YoY Prel 3.90%
2018-09-05 07:00 AM GDP Growth Rate YoY Final


Hungary GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.20 1.30 2.10 -4.10 percent [+]
GDP Annual Growth Rate 4.40 4.40 5.60 -7.90 percent [+]
GDP 124.34 121.72 157.29 4.69 USD Billion [+]
GDP Constant Prices 6998646.00 6701873.00 6998646.00 3674437.00 HUF Million [+]
Gross Fixed Capital Formation 1557715.00 1507091.00 1557715.00 738896.00 HUF Million [+]
GDP per capita 14840.39 14518.84 14840.39 8507.35 USD [+]
GDP per capita PPP 25381.29 24831.35 25381.29 14549.99 USD [+]
GDP From Agriculture 188929.00 192390.00 248978.00 133011.00 HUF Million [+]
GDP From Construction 290880.00 273627.00 290880.00 146487.00 HUF Million [+]
GDP From Manufacturing 1318531.00 1284680.00 1318531.00 544385.00 HUF Million [+]
GDP From Public Administration 974223.00 978101.00 999096.00 721070.00 HUF Million [+]
GDP From Services 3736857.00 3704822.00 3736857.00 2325077.00 HUF Million [+]
GDP From Transport 310184.00 305511.00 310184.00 171981.00 HUF Million [+]


Hungary GDP Annual Growth Rate

Hungary is the largest producer of electronics in Central and Eastern Europe. Electronics manufacturing and research are among the main drivers of innovation and economic growth in the country. In the past 20 years Hungary has also grown into a major center for mobile technology, information security, and related hardware research. On the expenditure side, 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. This page provides - Hungary GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.40 4.40 5.60 -7.90 1996 - 2018 percent Quarterly




GDP annual growth rate by Country
Country Last
Turkey 7.30 Dec/17
India 7.20 Dec/17
China 6.80 Mar/18
Indonesia 5.06 Mar/18
Canada 2.90 Dec/17
Spain 2.90 Mar/18
United States 2.90 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
Euro Area 2.50 Mar/18
Australia 2.40 Dec/17
Germany 2.30 Mar/18
Brazil 2.10 Dec/17
France 2.10 Mar/18
Switzerland 1.90 Dec/17
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
United Kingdom 1.20 Mar/18
Japan 0.90 Mar/18


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