Hungary
Over the next three years, economic growth is forecast to remain above 3%. In 2016, the expansion of household consumption was the main driver of growth, and that will remain the case, at least until the election year 2018. A deterioration will begin in the external balances; there is expected to be a recovery in investment, largely financed by EU funds.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| Population, 1000 persons. | 9866 | 9843 | 9815 | . | . | . |
| GDP, real change in % | 4.0 | 3.1 | 2.0 | 3.3 | 3.4 | 3.1 |
| GDP per capita (EUR at PPP) | 18700 | 19700 | 20000 | . | . | . |
| Gross industrial production, real change in % | 7.7 | 7.4 | 1.0 | . | . | . |
| Unemployment rate - LFS, in %, average | 7.7 | 6.8 | 5.1 | 4.8 | 4.5 | 4.5 |
| Average gross monthly wages, EUR | 770 | 800 | 845 | . | . | . |
| Consumer prices, % p.a. | 0.0 | 0.1 | 0.4 | 2.0 | 2.5 | 2.8 |
| Fiscal balance in % of GDP | -2.1 | -1.6 | -1.9 | . | . | . |
| Public debt in % of GDP | 75.7 | 74.7 | 74.1 | . | . | . |
| Current account in % of GDP | 2.1 | 3.4 | 4.9 | 4.2 | 3.4 | 2.5 |
| FDI inflow, EUR mn | 7093 | 6682 | -10204 | . | . | . |
| Gross external debt in % of GDP | 114.9 | 107.5 | 96.1 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
HUNGARY: Thriving household consumption pushes the economy onto a higher growth path
Sandor Richter
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 72-76
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, July-August 2016
25 pages including 1 Table and 1 Figure
