Unemployment in Hungary

Hungary Unemployment | Economic News & Forecasts

Hungary - Unemployment

Available first-quarter indicators suggest growth moderated at the outset of the year, on the heels of last year’s snappy fourth quarter. Deteriorating business confidence through March obscured upbeat industrial output, while weaker consumer confidence has been broadly tracking retail sales in recent months. Export growth, meanwhile, held up in January. Fourth-quarter national accounts, however, were even more upbeat. Domestic demand was again in the driver’s seat; the tight labor market fueled household spending, while fixed investment was propped up by the absorption of EU-linked structural funding and the ongoing construction boom. Looking ahead, following a slew of positive economic indicators, as well as recent credit-rating upgrades by S&P Global Ratings and Fitch Ratings, all eyes are on Moody’s in the run-up to its decision in early May. As it stands, the ratings agency seems likely to follow suit.

Hungary - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate11.1  7.7  6.8  5.1  4.2  

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Hungary Unemployment Chart


Hungary Unemployment
Note: Unemployment in % of active population.
Source: Hungarian Central Statistical Office (KSH).

Hungary Facts

ValueChangeDate
Bond Yield3.250.0 %Apr 18
Exchange Rate284.6-0.68 %Apr 22
Stock Market42,8110.04 %Apr 18

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