Hungary

First-quarter GDP growth (4.4%) indicates a continuation of the economy’s strong expansion in 2018. It is driven by a 5% increase in consumption and a remarkable 17.1% growth of investment. The composition of the investments was unfavourable, with 65% expansion in budgetary units but a drop of 1.1% in investments by enterprises. This year will still be a year of formidable (4%) economic growth due to EU transfers, but a slowdown during the next two years will be hardly avoidable.

map Hungary
        FORECAST*
Main Economic Indicators201520162017201820192020
Population, 1000 persons984398149784...
GDP, real change in %3.42.24.04.02.82.4
GDP per capita (EUR at PPP)197001970020400...
Gross industrial production, real change in %7.40.94.9...
Unemployment rate - LFS, in %, average6.85.14.23.73.63.6
Average gross monthly wages, EUR800845961...
Consumer prices, % p.a.0.10.42.42.82.92.9
Fiscal balance in % of GDP-1.9-1.7-2.0...
Public debt in % of GDP76.776.073.6...
Current account in % of GDP3.56.03.12.72.62.7
FDI inflow, EUR mn7000-62556040...
Gross external debt in % of GDP107.897.284.6...


Basic data are continuously updated.

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

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Monthly Report No. 6/2018

Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 6, June 2018
27 pages including 1 Table and 1 Figure

Details

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HUNGARY: EU co-financed investment boom, surging wages, shrinking trade surplus

Sandor Richter
in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 98-101
Details and Buy


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