GDP per capita in Hungary
Hungary - GDP per capita (U.S. Dollars)
Growth remains strong in Q3
The Hungarian economy continued to expand robustly in the third quarter. According to preliminary data released by the Hungarian Central Statistics Office (KSH) on 14 November, economic growth in Q3 came in at 4.8% year-on-year. This was marginally below the second quarter’s 4.9% year-on-year expansion but the fifth consecutive quarter of annual growth above 4.0%, nonetheless.
Household spending likely remained buoyant in the quarter. Retail sales expanded at a solid pace throughout Q3, underpinned by tight labor market conditions and robust wage gains. Upbeat business sentiment and a strong construction sector also suggests fixed investment also expanded solidly, on the back of growing EU funds. Additionally, industrial production growth picked up some pace from the previous quarter, although the scope of the acceleration was limited by a marked cooling in the industrial sector in the EU, especially in Germany—the country’s main trading partner.
On a quarter-on-quarter, seasonally- and calendar-adjusted basis, GDP growth inched up from 1.1% in Q2 to 1.2% in Q3.
More detailed data will be released on 5 December.
Met the why particular Consensus Forecast panelists expect the economy to expand 3.6% in 2019, which is unchanged from last month’s projection. For 2020, the panel sees growth of 3.2%.
Hungary - GDP per capita (USD) Data
|GDP per capita (USD)||13,670||14,217||12,572||12,823||14,271|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||3.76||0.0 %||Nov 13|
|Exchange Rate||286.0||-0.68 %||Nov 13|
|Stock Market||38,253||0.04 %||Nov 13|
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November 14, 2018
The Hungarian economy continued to expand robustly in the third quarter.
November 13, 2018
According to revised data released by the Hungarian Central Statistical Office (KSH) on 13 November, industrial output rose a working-day adjusted 2.2% year-on-year in September.
November 8, 2018
According to the first estimate released by the Hungarian Central Statistical Office (KSH) on 8 November, industrial output increased a working-day adjusted 2.2% year-on-year in September, down from August’s revised 4.6% yoy rise (previously reported: +4.5% year-on-year). In month-on-month, seasonally and working-day adjusted terms, industrial production contracted 2.1%, contrasting a revised 3.9% increase in August (previously reported: +3.8% month-on-month).
November 8, 2018
Consumer prices rose 0.5% over the previous month in October, up from September’s 0.3% month-on-month increase.
October 29, 2018
The GKI economic sentiment index, a composite indicator, rose to 7.2 points in October from 5.5 points in September.