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In Hungary 3. Quarter GDP data show a recovery. Primarily weather related good agricultural performance, upturn of construction activity due to acceleration in implementing of EU co-financed infrastructure projects are the explanatory factors. Over the year the GDP growth rate may amount to close to 1%. The major obstacles to a return to a higher growth rate are uncertainties in the legal and fiscal environment and weak financial intermediation. A growth path which is substantially higher than the current one necessitates a major turn in the economic policy.
|Main Economic Indicators||2010||2011||2012||2013||2014||2015|
|Population, 1000 persons.||10000||9972||9919||.||.||.|
|GDP, real change in %||1.1||1.6||-1.7||0.9||1.2||2.3|
|GDP per capita (EUR at PPP)||15800||16300||16700||.||.||.|
|Gross industrial production, real change in %||10.5||5.6||-1.8||.||.||.|
|Unemployment rate - LFS, in %, average||11.2||10.9||10.9||11.0||10.8||10.6|
|Average gross monthly wages, EUR||735||763||771||.||.||.|
|Consumer prices, % p.a.||4.7||3.9||5.7||2.1||2.9||3.0|
|Fiscal balance in % of GDP||-4.4||4.2||-2.1||.||.||.|
|Public debt in % of GDP||82.2||82.1||79.8||.||.||.|
|Current account in % of GDP||0.2||0.5||1.0||1.5||1.3||0.4|
|FDI inflow, EUR mn||1655||3840||10708||.||.||.|
|Gross external debt in % of GDP||143.7||134.1||128.0||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Hungary: Leaving the excessive deficit procedure behind
in: Animal Spirits still Dimmed: Slow Recovery Expected
wiiw Current Analyses and Forecasts No. 12, July 2013 , pp. 79-81 Details and Buy
Monthly Report No. 11/2013
Vasily Astrov, Vladimir Gligorov, Peter Havlik, Mario Holzner and Olga Pindyuk
wiiw Monthly Report No. 11, November 2013
38 pages including 17 Tables Details