Hungary

map Hungary
The new government is preoccupied with the political clean-up after the fall of the Orbán regime, focusing on improving the working of the institutions. GDP growth took off in the first half of 2026 and is expected to accelerate modestly through 2028. The forint has gained 8-10% in strength, yields on government bonds have fallen substantially and the policy rate has been cut. The key challenge over the coming months and years will be fiscal consolidation, and it will be crucial to demonstrate tangible improvement in this respect as early as 2027.
        FORECAST*
Main Economic Indicators202320242025202620272028
Population, 1000 persons959295629514...
GDP, real change in %-0.70.70.71.72.62.8
GDP per capita (EUR at PPP)290103045031820...
Gross industrial production, real change in %-5.5-4.1-3.1...
Unemployment rate - LFS, in %, average4.14.54.44.44.34.2
Average gross monthly wages, EUR149716361772...
Consumer prices, % p.a.17.03.74.41.93.02.5
Fiscal balance in % of GDP-7.0-5.1-4.8-7.6-5.8-4.5
Public debt in % of GDP73.273.574.4...
Current account in % of GDP-0.21.72.20.51.01.5
FDI inflow, EUR m473335737011...
Gross external debt in % of GDP86.485.888.3...


Basic data are continuously updated.

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

publication_icon

Monthly Report No. 7-8/2026

Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Ioannis Gutzianas, Gabor Hunya, Branimir Jovanović, Biljana Jovanovikj, Niko Korpar, Dzmitry Kruk, Isilda Mara, Michał Możdżeń, Emilia Penkova-Pearson, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm and Marina Tverdostup
wiiw Monthly Report No. 7-8, July-August 2026
52 pages including 5 Tables

Details

publication_icon

Executive summary

Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII
Details


top