Economic growth is expected to slow down to 2% in 2016 on account of a major decline in investments. Household consumption and net exports will contribute positively to growth. Economic growth is expected to accelerate in 2017 thanks to a turnaround in investment, with many more EU transfers being disbursed than in the current year. Parliamentary elections are scheduled for spring 2018. A substantial fiscal stimulus to growth is a likely scenario for the election year.

map Hungary
Main Economic Indicators201420152016201720182019
Population, 1000 persons.986698439810...
GDP, real change in %
GDP per capita (EUR at PPP)187001970020300...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average7.
Average gross monthly wages, EUR770800846...
Consumer prices, % p.a.
Fiscal balance in % of GDP-2.1-1.6-2.3...
Public debt in % of GDP75.774.773.9...
Current account in % of GDP2.
FDI inflow, EUR mn68685964-8129...
Gross external debt in % of GDP114.4106.699.5...

Basic data are continuously updated.

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


HUNGARY: Investments implode – consumption and net exports come to the rescue

Sandor Richter
in: Labour Shortages Driving Economic Growth?
wiiw Forecast Report No. Autumn 2016, , pp. 69-72
Details and Buy


Monthly Report No. 7-8/2016

Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8,
25 pages including 1 Table and 1 Figure