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

The Hungarian economy expanded 4.4 percent year-on-year in the first quarter of 2018, the same as in the previous period and in line with the preliminary estimate. It remains the strongest expansion since the second quarter of 2014 amid faster rises in household spending (5.9 percent compared to 5.6 percent in Q4) and gross fixed capital formation (17.1 percent compared to 13.1 percent in Q4). On the other hand, government expenditure eased (4.6 percent compared to 8.8 percent in Q4) and both exports (3.5 percent compared to 8.3 percent in Q4) and imports (3.8 percent compared to 9.7 percent) slowed. On a quarterly basis, the GDP expanded 1.2 percent, lower than a 1.3 percent growth 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
2018-03-06 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% 4.4%
2018-08-14 07:00 AM GDP Growth Rate YoY Prel 4.4% 5%
2018-09-05 07:00 AM GDP Growth Rate YoY Final 4.4%
2018-11-14 08:00 AM GDP Growth Rate YoY Prel 4.70%


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 139.14 125.82 158.00 4.69 USD Billion [+]
GDP Constant Prices 6171437.00 6998646.00 6998646.00 3674437.00 HUF Million [+]
Gross Fixed Capital Formation 1637245.00 1545602.00 1637245.00 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 192988.00 188758.00 247648.00 132750.00 HUF Million [+]
GDP From Construction 291282.00 289212.00 291282.00 146366.00 HUF Million [+]
GDP From Manufacturing 1329973.00 1316869.00 1329973.00 545297.00 HUF Million [+]
GDP From Public Administration 977468.00 974943.00 999118.00 721089.00 HUF Million [+]
GDP From Services 3795507.00 3738919.00 3795507.00 2329575.00 HUF Million [+]
GDP From Transport 308200.00 309695.00 309695.00 172436.00 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 July 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
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.70 Jun/18
Indonesia 5.06 Mar/18
Australia 3.10 Mar/18
Spain 3.00 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
United States 2.80 Mar/18
Euro Area 2.50 Mar/18
Canada 2.30 Mar/18
Germany 2.30 Mar/18
France 2.20 Mar/18
Switzerland 2.20 Mar/18
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
Brazil 1.20 Mar/18
United Kingdom 1.20 Mar/18
Japan 1.10 Mar/18


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