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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||2012||2013||2014||2015||2016||2017|
|Population, 1000 persons.||9920||9894||9850||.||.||.|
|GDP, real change in %||-1.5||1.5||3.5||2.0||2.0||.|
|GDP per capita (EUR at PPP)||17300||17600||18400||.||.||.|
|Gross industrial production, real change in %||-1.8||1.1||7.5||.||.||.|
|Unemployment rate - LFS, in %, average||11.0||10.2||7.7||8.3||8.0||.|
|Average gross monthly wages, EUR||771||777||768||.||.||.|
|Consumer prices, % p.a.||5.7||1.7||0.0||2.0||3.0||.|
|Fiscal balance in % of GDP||-2.3||-2.4||-2.2||.||.||.|
|Public debt in % of GDP||78.5||77.3||77.3||.||.||.|
|Current account in % of GDP||1.9||4.1||4.4||3.2||2.8||.|
|FDI inflow, EUR mn||10873||1975||.||.||.||.|
|Gross external debt in % of GDP||128.9||118.5||117.3||.||.||.|
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