Hungary GDP Annual Growth Rate  1996-2017 | Data | Chart | Calendar

The Hungarian economy expanded 4.2 percent year-on-year in the first three months of 2017, higher than a preliminary reading of 4.1 percent and well above 1.6 percent in the previous period. It is the highest growth rate since the second quarter of 2014, final figures showed. Gross fixed capital formation surged 28.4 percent (-19.6 percent in Q4 2016) as increases were recorded in both construction and machinery and equipment and in all main areas (manufacturing, real estate activities, transportation and storage). Exports rose 9.4 percent (3.1 percent) and imports increased 10 percent (2.7 percent). In contrast, household spending slowed (2.5 percent from 3.9 percent) and public expenditure fell further (-6.2 percent from -5 percent). On a quarterly basis, the economy advanced 1.3 percent, in line with preliminary figures and above 0.7 percent in the previous three months. GDP Annual Growth Rate in Hungary averaged 2.26 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 -7.80 percent in the second quarter of 2009.

Hungary GDP Annual Growth Rate
Receive the next reported value for Hungary GDP Annual Growth Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website
Calendar GMT Actual Previous Consensus Forecast (i)
2017-03-07 08:00 AM Q4 1.6% 2.2% 1.6% 1.6%
2017-05-16 07:00 AM Q1 4.1% 1.6% 3.35% 2.8%
2017-06-07 07:00 AM Q1 4.2% 1.6% 4.1% 4.1%
2017-08-16 07:00 AM Q2 4.2% 3.6%
2017-09-05 07:00 AM Q2 4.2% 3.6%
2017-11-15 08:00 AM Q3 3.2%




Hungary GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 0.70 2.20 -4.00 percent [+]
GDP Annual Growth Rate 4.20 1.60 5.60 -7.80 percent [+]
GDP 121.72 139.30 157.29 4.69 USD Billion [+]
GDP Constant Prices 5861508.00 6649999.00 6649999.00 3664706.00 HUF Million [+]
Gross Fixed Capital Formation 1360957.00 1184803.00 1432815.00 738762.00 HUF Million [+]
GDP per capita 14519.10 14042.56 14519.10 8507.52 USD [+]
GDP per capita PPP 24831.35 24016.30 24831.35 14549.99 USD [+]
GDP From Agriculture 194922.00 225718.00 247575.00 132788.00 HUF Million [+]
GDP From Construction 201769.00 192346.00 285233.00 146456.00 HUF Million [+]
GDP From Manufacturing 1252399.00 1246650.00 1288669.00 554378.00 HUF Million [+]
GDP From Public Administration 989031.00 989854.00 989854.00 714115.00 HUF Million [+]
GDP From Services 3603873.00 3581608.00 3603873.00 2316284.00 HUF Million [+]
GDP From Transport 278996.00 280520.00 292819.00 171600.00 HUF Million [+]


Hungary GDP Annual Growth Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4.20 1.60 5.60 -7.80 1996 - 2017 percent Quarterly



gdp annual growth rate by Country

Last
China 6.90 Mar/17
India 6.10 Mar/17
Indonesia 5.01 Mar/17
Turkey 5.00 Mar/17
Netherlands 3.20 Mar/17
Spain 3.00 Mar/17
South Korea 2.90 Mar/17
Mexico 2.80 Mar/17
Canada 2.30 Mar/17
United Kingdom 2.00 Mar/17
United States 2.00 Mar/17
Euro Area 1.90 Mar/17
Australia 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.30 Mar/17
Italy 1.20 Mar/17
France 1.10 Mar/17
Switzerland 1.10 Mar/17
Russia 0.50 Mar/17
Brazil -0.40 Mar/17