The Gross Domestic Product (GDP) in Hungary expanded 2.10 percent in the first quarter of 2022 over the previous quarter. source: Hungarian Central Statistical Office

GDP Growth Rate in Hungary averaged 0.65 percent from 1995 until 2022, reaching an all time high of 11.60 percent in the third quarter of 2020 and a record low of -14.20 percent in the second quarter of 2020. This page provides - Hungary GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

GDP Growth Rate in Hungary is expected to be -0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary GDP Growth Rate is projected to trend around 1.00 percent in 2023 and 0.70 percent in 2024, according to our econometric models.

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Hungary GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-05-17 07:00 AM QoQ Prel Q1 2.1% 2.2% 0.6%
2022-06-01 07:00 AM QoQ Final Q1 2.1% 2.2% 2.1%
2022-08-17 07:00 AM QoQ Prel Q2 2.1% -0.3%

Related Last Previous Unit Reference
GDP Growth Rate 2.10 2.20 percent Mar 2022
GDP Annual Growth Rate 8.20 7.10 percent Mar 2022
GDP Constant Prices 10027680.00 11483773.00 HUF Million Mar 2022
Gross Fixed Capital Formation 2867295.00 2745973.00 HUF Million Mar 2022
Full Year GDP Growth 7.10 -4.90 percent Dec 2021
GDP From Transport 631650.00 613541.00 HUF Million Mar 2022
GDP From Services 6184749.00 6032825.00 HUF Million Mar 2022
GDP From Public Administration 1291177.00 1283376.00 HUF Million Mar 2022
GDP From Manufacturing 2016417.00 1964849.00 HUF Million Mar 2022
GDP From Construction 481230.00 479912.00 HUF Million Mar 2022
GDP From Agriculture 313986.00 307735.00 HUF Million Mar 2022

Hungary GDP Growth Rate
In Hungary, 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.
Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.20 11.60 -14.20 1995 - 2022 percent Quarterly