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

Hungary’s economy advanced 4.8 percent year-on-year in the second quarter of 2018, higher than a preliminary estimate of 4.6 percent and following a 4.4 percent growth in the last quarter. It was the strongest pace of expansion since the first quarter of 2013, when gross domestic product contracted 0.2 percent. Output advanced faster for manufacturing (4 percent from 2.5 percent in Q1) and construction (23.7 percent from 22.5 percent). Additionally, production rebounded for agriculture (3.2 percent from -0.6 percent) while output slowed for services (4.3 percent from 4.9 percent). On a seasonally adjusted quarterly basis, the economy expanded 1 percent, up from an initial estimate of 0.9 percent and after a 1.2 percent gain in the first quarter. GDP Annual Growth Rate in Hungary averaged 2.40 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
2018-06-05 07:00 AM GDP Growth Rate YoY Final 4.4% 4.4% 4.4% 4.4%
2018-08-14 07:00 AM GDP Growth Rate YoY Prel 4.6% 4.4% 4.2% 3.9%
2018-09-05 07:00 AM GDP Growth Rate YoY Final 4.8% 4.4% 4.6% 4.6%
2018-11-14 08:00 AM GDP Growth Rate YoY Prel 4.8% 3.7%
2018-12-05 08:00 AM GDP Growth Rate YoY Final


Hungary GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 1.20 2.10 -4.10 percent [+]
GDP Annual Growth Rate 4.80 4.40 5.60 -7.90 percent [+]
GDP 139.14 125.82 158.00 4.69 USD Billion [+]
GDP Constant Prices 6785046.00 6171437.00 6998646.00 3674437.00 HUF Million [+]
Gross Fixed Capital Formation 1686048.00 1637245.00 1686048.00 733451.00 HUF Million [+]
GDP per capita 15647.85 14997.20 15647.85 8544.51 USD [+]
GDP per capita PPP 26777.56 25664.14 26777.56 14621.90 USD [+]
GDP From Agriculture 197766.00 192988.00 247648.00 132750.00 HUF Million [+]
GDP From Construction 313130.00 291282.00 313130.00 146366.00 HUF Million [+]
GDP From Manufacturing 1351069.00 1329973.00 1351069.00 545297.00 HUF Million [+]
GDP From Public Administration 977840.00 977468.00 999118.00 721089.00 HUF Million [+]
GDP From Services 3809368.00 3795507.00 3809368.00 2329575.00 HUF Million [+]
GDP From Transport 309431.00 308200.00 309695.00 172436.00 HUF Million [+]


Hungary GDP Annual Growth Rate

Electronics manufacturing and research are among the main drivers of innovation and economic growth in Hungary. The country 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.80 4.40 5.60 -7.90 1996 - 2018 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
India 8.20 Jun/18
China 6.70 Jun/18
Indonesia 5.27 Jun/18
Turkey 5.20 Jun/18
Singapore 3.90 Jun/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
Netherlands 3.10 Jun/18
United States 2.90 Jun/18
South Korea 2.80 Jun/18
Spain 2.70 Jun/18
Mexico 2.60 Jun/18
Euro Area 2.10 Jun/18
Germany 2.00 Jun/18
Canada 1.90 Jun/18
Russia 1.90 Jun/18
France 1.70 Jun/18
United Kingdom 1.30 Jun/18
Italy 1.20 Jun/18
Saudi Arabia 1.15 Mar/18
Brazil 1.00 Jun/18
Japan 1.00 Jun/18
South Africa 0.40 Jun/18
Argentina -4.20 Jun/18


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