Hungary

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
        FORECAST*
Main Economic Indicators201620172018201920202021
Population, 1000 persons981497889771...
GDP, real change in %2.34.14.94.13.12.6
GDP per capita (EUR at PPP)195002030021600...
Gross industrial production, real change in %0.94.73.6...
Unemployment rate - LFS, in %, average5.14.23.73.53.53.5
Average gross monthly wages, EUR8459611035...
Consumer prices, % p.a.0.42.42.93.53.23.0
Fiscal balance in % of GDP-1.7-2.2-2.2...
Public debt in % of GDP76.073.470.8...
Current account in % of GDP6.22.80.40.10.10.4
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.

publication_icon

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

Details

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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


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