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.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Population, 1000 persons | 9814 | 9788 | 9771 | . | . | . |
| GDP, real change in % | 2.3 | 4.1 | 4.9 | 4.1 | 3.1 | 2.6 |
| GDP per capita (EUR at PPP) | 19500 | 20300 | 21600 | . | . | . |
| Gross industrial production, real change in % | 0.9 | 4.7 | 3.6 | . | . | . |
| Unemployment rate - LFS, in %, average | 5.1 | 4.2 | 3.7 | 3.5 | 3.5 | 3.5 |
| Average gross monthly wages, EUR | 845 | 961 | 1035 | . | . | . |
| Consumer prices, % p.a. | 0.4 | 2.4 | 2.9 | 3.5 | 3.2 | 3.0 |
| Fiscal balance in % of GDP | -1.7 | -2.2 | -2.2 | . | . | . |
| Public debt in % of GDP | 76.0 | 73.4 | 70.8 | . | . | . |
| Current account in % of GDP | 6.2 | 2.8 | 0.4 | 0.1 | 0.1 | 0.4 |
| FDI inflow, EUR mn | -6135 | 6911 | 8573 | . | . | . |
| Gross external debt in % of GDP | 97.4 | 85.1 | 81.0 | . | . | . |
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