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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.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||9948||9920||9894||.||.||.|
|GDP, real change in %||1.8||-1.5||1.5||3.0||2.2||2.0|
|GDP per capita (EUR at PPP)||17100||17300||17600||.||.||.|
|Gross industrial production, real change in %||5.6||-1.8||1.1||.||.||.|
|Unemployment rate - LFS, in %, average||10.9||10.9||10.2||8.5||8.3||8.0|
|Average gross monthly wages, EUR||763||771||777||.||.||.|
|Consumer prices, % p.a.||3.9||5.7||1.7||0.0||2.0||3.0|
|Fiscal balance in % of GDP||-5.5||-2.3||-2.4||.||.||.|
|Public debt in % of GDP||81.0||78.5||77.3||.||.||.|
|Current account in % of GDP||0.8||1.9||4.1||3.6||3.2||2.8|
|FDI inflow, EUR mn||4166||10873||1975||.||.||.|
|Gross external debt in % of GDP||134.9||128.9||118.5||.||.||.|
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
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 Details