Hungary

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
        FORECAST*
Main Economic Indicators201320142015201620172018
Population, 1000 persons.989398669843...
GDP, real change in %2.14.03.12.02.62.9
GDP per capita (EUR at PPP)178001880019700...
Gross industrial production, real change in %1.17.77.4...
Unemployment rate - LFS, in %, average10.27.76.85.55.55.5
Average gross monthly wages, EUR777770800...
Consumer prices, % p.a.1.70.00.10.42.02.5
Fiscal balance in % of GDP-2.6-2.1-1.6...
Public debt in % of GDP76.675.774.7...
Current account in % of GDP3.82.13.44.44.14.0
FDI inflow, EUR mn498668685964...
Gross external debt in % of GDP118.2114.4106.6...


Basic data are continuously updated.

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

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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

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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

Details


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