Economic growth in Hungary accelerated still more in the second quarter of 2014, driven by a robust take-off in investment and an increase in household consumption for the first time in many years. However, the looming scarcity of EU-financed projects, the prevailing legal uncertainties and an ailing financial system may well render the current boom unsustainable.

map Hungary
Main Economic Indicators201120122013201420152016
Population, 1000 persons.994899209894...
GDP, real change in %1.8-
GDP per capita (EUR at PPP)171001730017600...
Gross industrial production, real change in %5.6-1.81.1...
Unemployment rate - LFS, in %, average10.910.910.
Average gross monthly wages, EUR763771777...
Consumer prices, % p.a.
Fiscal balance in % of GDP-5.5-2.3-2.4...
Public debt in % of GDP81.078.577.3...
Current account in % of GDP0.
FDI inflow, EUR mn4166108731975...
Gross external debt in % of GDP134.9128.9118.5...

Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.


HUNGARY: Formidable take-off with limited expiration date

Sandor Richter
in: On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
wiiw Forecast Report No. Autumn 2014, November 2014 , pp. 61-64
Details and Buy


Monthly Report No. 7-8/2014

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Michael Landesmann, Sebastian Leitner, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July 2014
23 pages including 1 Table and 2 Figures