After six quarters featuring GDP growth rates higher than 3%, the second quarter of 2015 brought about a deceleration in the pace of economic expansion to 2.7%. Both that slowdown and the preceding high quarterly growth rates are linked to the cyclical nature of cohesion policy transfers from the European Union. The marked upturn in investment experienced in 2014 will not be repeated this year; the economy appears to be returning to its earlier growth pattern characterised by net exports as the major contributors to economic expansion.
|Main Economic Indicators||2012||2013||2014||2015||2016||2017|
|Population, 1000 persons.||9920||9893||9863||.||.||.|
|GDP, real change in %||-1.7||1.9||3.7||2.9||2.1||2.0|
|GDP per capita (EUR at PPP)||17100||17800||18700||.||.||.|
|Gross industrial production, real change in %||-1.8||1.1||7.7||.||.||.|
|Unemployment rate - LFS, in %, average||11.0||10.2||7.7||6.9||6.9||6.9|
|Average gross monthly wages, EUR||771||777||770||.||.||.|
|Consumer prices, % p.a.||5.7||1.7||0.0||0.3||2.5||3.0|
|Fiscal balance in % of GDP||-2.3||-2.5||-2.5||.||.||.|
|Public debt in % of GDP||78.3||76.8||76.2||.||.||.|
|Current account in % of GDP||1.8||4.0||2.3||4.7||4.4||4.1|
|FDI inflow, EUR mn||4405||4834||6309||.||.||.|
|Gross external debt in % of GDP||129.0||118.2||114.5||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
HUNGARY: Losing momentum
in: Mixed Prospects: Consumption Leads Fragile Recovery in the CESEE Core – CIS Stumbles
wiiw Forecast Report No. Autumn 2015, November 2015 , pp. 80-83 Details and Buy
Monthly Report No. 7-8/2015
Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2015
25 pages including 1 Table and 2 Figures