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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||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||9948||9920||9870||.||.||.|
|GDP, real change in %||1.6||-1.7||1.1||1.2||2.3||.|
|GDP per capita (EUR at PPP)||16900||17000||17500||.||.||.|
|Gross industrial production, real change in %||5.6||-1.8||1.4||.||.||.|
|Unemployment rate - LFS, in %, average||10.9||10.9||10.2||10.8||10.6||.|
|Average gross monthly wages, EUR||763||771||780||.||.||.|
|Consumer prices, % p.a.||3.9||5.7||1.7||2.9||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||0.5||1.0||2.0||1.3||0.4||.|
|FDI inflow, EUR mn||3840||10708||-2000||.||.||.|
|Gross external debt in % of GDP||134.1||128.0||116.5||.||.||.|
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. 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