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

The Hungarian economy expanded 3.9 percent year-on-year in the third quarter of 2017, higher than 3.3 percent in the preliminary estimate and 3.3 percent in the previous quarter. Household consumption rose faster (4.8 percent compared to 3.5 percent in the previous quarter), mainly due to spending on furnishings and households equipment, food, restaurants and hotels as well as other services. Also, government expenditure rebounded (2.5 percent compared to -2.7 percent). On the other hand, gross fixed capital formation expanded 20.3 percent, with investments in construction and in machinery and equipment rising significantly, but below a 26.1 percent jump in the previous period. Exports slowed (4.5 percent compared to 6 percent) and imports surged 9.3 percent (7.8 percent in the previous period). On a quarterly basis, the economy grew 0.9 percent, the same as in the previous quarter but above 0.8 percent in the preliminary reading. GDP Annual Growth Rate in Hungary averaged 2.33 percent from 1996 until 2017, 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
2017-09-05 07:00 AM GDP Growth Rate YoY Final 3.2% 4.2% 3.2% 3.2%
2017-11-14 08:00 AM GDP Growth Rate YoY Prel 3.6% 3.3% 3.65% 3.4%
2017-12-05 08:00 AM GDP Growth Rate YoY Final 3.9% 3.3% 3.6% 3.6%
2018-02-14 08:00 AM GDP Growth Rate YoY Prel 3.9% 3.50%
2018-03-06 08:00 AM GDP Growth Rate YoY Final 3.9%
2018-05-15 07:00 AM GDP Growth Rate YoY Prel 3.30%


Hungary GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 0.90 2.10 -4.10 percent [+]
GDP Annual Growth Rate 3.90 3.30 5.60 -7.90 percent [+]
GDP 124.34 121.72 157.29 4.69 USD Billion [+]
GDP Constant Prices 6701873.00 6407295.00 6701873.00 3664706.00 HUF Million [+]
Gross Fixed Capital Formation 1573885.00 1390926.00 1573885.00 738762.00 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 189014.00 199019.00 249035.00 132990.00 HUF Million [+]
GDP From Construction 266376.00 223174.00 285918.00 146456.00 HUF Million [+]
GDP From Manufacturing 1282779.00 1304056.00 1304056.00 554378.00 HUF Million [+]
GDP From Public Administration 990945.00 985320.00 990945.00 714115.00 HUF Million [+]
GDP From Services 3711003.00 3626858.00 3711003.00 2316284.00 HUF Million [+]
GDP From Transport 301942.00 281664.00 301942.00 171600.00 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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.90 3.30 5.60 -7.90 1996 - 2017 percent Quarterly




GDP annual growth rate by Country
Country Last
Turkey 11.10 Sep/17
China 6.80 Sep/17
India 6.30 Sep/17
Indonesia 5.06 Sep/17
South Korea 3.80 Sep/17
Spain 3.10 Sep/17
Canada 3.00 Sep/17
Netherlands 3.00 Sep/17
Australia 2.80 Sep/17
Germany 2.80 Sep/17
Euro Area 2.60 Sep/17
France 2.30 Sep/17
United States 2.30 Sep/17
Japan 2.10 Sep/17
Russia 1.80 Sep/17
Italy 1.70 Sep/17
United Kingdom 1.70 Sep/17
Mexico 1.50 Sep/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17


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