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The Hungarian economy attained moderate growth in 2013, to a large extent due to the outstanding agricultural output related to favourable weather. In the last months of 2013 investments began to recover from hibernation but consumption remained flat. 2014 will bring about a modest acceleration of GDP growth driven by an upturn of primarily EU co-financed investments and net exports. Institutional conditions for a more robust economic growth will likely remain unfulfilled.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||9948||9920||9894||.||.||.|
|GDP, real change in %||1.6||-1.7||1.1||1.4||2.1||2.0|
|GDP per capita (EUR at PPP)||16900||17000||17400||.||.||.|
|Gross industrial production, real change in %||5.6||-1.8||1.4||.||.||.|
|Unemployment rate - LFS, in %, average||10.9||10.9||10.2||10.0||9.0||8.5|
|Average gross monthly wages, EUR||763||771||777||.||.||.|
|Consumer prices, % p.a.||3.9||5.7||1.7||2.9||3.0||3.0|
|Fiscal balance in % of GDP||4.2||-2.1||-2.7||.||.||.|
|Public debt in % of GDP||82.1||79.8||79.7||.||.||.|
|Current account in % of GDP||0.4||0.8||3.0||1.3||0.9||0.6|
|FDI inflow, EUR mn||4166||10873||2326||.||.||.|
|Gross external debt in % of GDP||134.7||128.7||118.7||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
HUNGARY: Moderate growth in 2013, moderate acceleration in 2014
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 47-50 Details and Buy
Monthly Report No. 2/2014
Vladimir Gligorov, Olga Pindyuk, Leon Podkaminer, Johannes Pöschl and Roman Römisch
wiiw Monthly Report No. 2, February 2014
29 pages including 14 Tables and 8 Figures Details