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GDP, investment and industrial output data for the first quarter 2014 show a strong upturn. Data reflect the strong increase in EU cohesion policy related to investment, making up for earlier delays, and the government’s deliberate efforts to complete several projects prior to the 6 April elections. This year the expansion of the GDP may amount to 2.6%, but to only 2.2% in 2015 and 2.1% in 2016. In the current circumstances the preconditions for a lasting upturn of economic growth are missing.
|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||2.6||2.2||2.1|
|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||8.5||8.3||8.3|
|Average gross monthly wages, EUR||763||771||777||.||.||.|
|Consumer prices, % p.a.||3.9||5.7||1.7||0.3||2.0||3.0|
|Fiscal balance in % of GDP||4.2||-2.2||-2.4||.||.||.|
|Public debt in % of GDP||82.1||79.8||79.2||.||.||.|
|Current account in % of GDP||0.4||0.8||3.0||2.6||2.2||2.0|
|FDI inflow, EUR mn||4166||10873||2326||.||.||.|
|Gross external debt in % of GDP||134.7||128.7||120.2||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
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
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