GDP per capita in Hungary
Hungary - GDP per capita (U.S. Dollars)
Growth hits 14-year high in Q4
The Hungarian economy continued to fire on all cylinders in the fourth quarter. According to preliminary data released by the Hungarian Central Statistics Office (KSH) on 14 February, economic growth in year-on-year terms reached 5.0% in Q4, slightly above the second quarter’s 4.9% annual expansion and the strongest reading in over 14 years. The reading brings growth for 2018 as a whole to a multi-year high of 4.8% and above 2017’s 4.1% expansion .
Sturdy domestic demand remained in the driver’s seat in the quarter. Solid domestic sales fueled growth in industrial production, although the intensity of the expansion was limited by a marked cooling in the industrial sector in the EU. This was especially the case in Germany, which is the country’s main trading partner. Moreover, upbeat business sentiment and a buoyant construction sector suggest fixed investment expanded solidly, benefiting from growing inflows of EU funds. Meanwhile, retail sales recorded robust expansions in Q4, spurred by impressive wage growth and a tight labor market, although the pace of increase was lower on average than in Q3.
On a quarter-on-quarter, seasonally- and calendar-adjusted basis, GDP growth moderated from 1.3% in Q3 to 1.1% in Q4.
More detailed data will be released on 1 March.
Hungary GDP Forecast
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||2.79||0.0 %||Feb 14|
|Exchange Rate||281.9||-0.68 %||Feb 14|
|Stock Market||39,899||0.04 %||Feb 14|
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February 14, 2019
The Hungarian economy continued to fire on all cylinders in the fourth quarter.
February 13, 2019
According to revised data released by the Hungarian Central Statistical Office (KSH) on 13 February, industrial output rose a working-day adjusted 5.7% year-on-year in December, the strongest reading in almost a year.
February 7, 2019
According to a first estimate released by the Hungarian Central Statistical Office (KSH) on 7 February, industrial output increased a working-day adjusted 3.6% year-on-year in December, virtually matching November’s 3.5% rise. In month-on-month, seasonally and working-day adjusted terms, industrial production jumped 2.5% in December, contrasting a 1.1% contraction in November.
Hungary: Central Bank keeps rates unchanged at first meeting of the year but sticks to normalization plan
January 29, 2019
At its latest monetary policy meeting held on 29 January, the Monetary Council of the Hungarian National Bank (MNB) left the base rate unchanged at its current record low of 0.90%, while also holding steady all other monetary policy instruments.
January 24, 2019
The GKI economic sentiment index, a composite indicator, dropped to 7.1 points in January from 8.6 points in December.