Strong economic growth has continued while signs of overheating emerged. Nevertheless, the Hungarian economy is heading towards a lower growth path in 2019 2021. However, if the part of the economy not dependent on EU transfers switches into a higher gear, and the international environment for the automotive cluster improves, the deceleration may be less strong than earlier anticipated.

map Hungary
Main Economic Indicators201620172018201920202021
Population, 1000 persons981497889771...
GDP, real change in %
GDP per capita (EUR at PPP)195002030021700...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average5.
Average gross monthly wages, EUR8459611035...
Consumer prices, % p.a.
Fiscal balance in % of GDP-1.7-2.2-2.2...
Public debt in % of GDP76.073.470.8...
Current account in % of GDP6.
FDI inflow, EUR mn-613569118573...
Gross external debt in % of GDP97.485.181.0...

Basic data are continuously updated.

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


Monthly Report No. 6/2019

Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Hermine Vidovic and Goran Vuksic
wiiw Monthly Report No. 6, June 2019
27 pages including 24 Tables and 1 Figure



HUNGARY: Strong domestic demand driven growth on the back of EU transfers

Sandor Richter
in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 88-91
Details and Buy