Hungary

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.

map Hungary
        FORECAST*
Main Economic Indicators201220132014201520162017
Population, 1000 persons.992098949850...
GDP, real change in %-1.51.53.52.02.0.
GDP per capita (EUR at PPP)173001760018400...
Gross industrial production, real change in %-1.81.17.5...
Unemployment rate - LFS, in %, average11.010.27.78.38.0.
Average gross monthly wages, EUR771777768...
Consumer prices, % p.a.5.71.70.02.03.0.
Fiscal balance in % of GDP-2.3-2.4-2.2...
Public debt in % of GDP78.577.377.3...
Current account in % of GDP1.94.14.43.22.8.
FDI inflow, EUR mn108731975....
Gross external debt in % of GDP128.9118.5117.3...


Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.

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HUNGARY: Formidable take-off with limited expiration date

Sandor Richter
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

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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


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