GDP per capita in Hungary

Hungary GDP per capita (USD) | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
GDP per capita (USD)13,670  14,217  12,572  12,823  14,271  

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Hungary Facts

ValueChangeDate
Bond Yield3.760.0 %Nov 13
Exchange Rate286.0-0.68 %Nov 13
Stock Market38,2530.04 %Nov 13

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