Hungary
In 2015 Hungarian GDP increased by 2.9%, aided by a peak inflow of cohesion policy transfers from the EU. In 2016, EU transfers will decline sharply. Despite government measures to offset the anticipated negative impact, the outcome will be deceleration of economic growth in the current year, followed by slow recovery in 2017 and 2018.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| Population, 1000 persons. | 9893 | 9866 | 9843 | . | . | . |
| GDP, real change in % | 1.9 | 3.7 | 2.9 | 2.0 | 2.5 | 2.9 |
| GDP per capita (EUR at PPP) | 17700 | 18600 | 19500 | . | . | . |
| Gross industrial production, real change in % | 1.1 | 7.7 | 7.4 | . | . | . |
| Unemployment rate - LFS, in %, average | 10.2 | 7.7 | 6.8 | 6.5 | 6.3 | 6.1 |
| Average gross monthly wages, EUR | 777 | 770 | 800 | . | . | . |
| Consumer prices, % p.a. | 1.7 | 0.0 | 0.1 | 0.6 | 2.0 | 3.0 |
| Fiscal balance in % of GDP | -2.6 | -2.3 | -2.0 | . | . | . |
| Public debt in % of GDP | 76.8 | 76.2 | 75.3 | . | . | . |
| Current account in % of GDP | 4.0 | 2.0 | 4.4 | 4.3 | 4.1 | 4.0 |
| FDI inflow, EUR mn | 4981 | 6822 | 3940 | . | . | . |
| Gross external debt in % of GDP | 118.4 | 114.8 | 107.2 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
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, July-August 2016
25 pages including 1 Table and 1 Figure
HUNGARY: Cold turkey after EU bonanza?
Sandor Richter
in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, March 2016 , pp. 79-82
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