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.

map Hungary
Main Economic Indicators201420152016201720182019
Population, 1000 persons.986698439815...
GDP, real change in %
GDP per capita (EUR at PPP)187001970020000...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average7.
Average gross monthly wages, EUR770800845...
Consumer prices, % p.a.
Fiscal balance in % of GDP-2.1-1.6-1.9...
Public debt in % of GDP75.774.774.1...
Current account in % of GDP2.
FDI inflow, EUR mn70936682-10204...
Gross external debt in % of GDP114.9107.596.1...

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, , 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,
25 pages including 1 Table and 1 Figure