Unemployment in Hungary

Hungary Unemployment | Economic News & Forecasts

Hungary - Unemployment

Growth reached a near two-decade high in the first quarter, powered by the manufacturing and construction sectors. From the demand side, each propelled fixed investment; capacity constraints led manufacturers to upgrade machinery and equipment, while European Union-tied structural funds continued to fuel a construction boom. Moreover, household spending remained a force to be reckoned with amid the further tightening of the labor market. On the external front, export growth picked up despite some turbulence within the Eurozone, outpacing import growth in the process. Looking ahead, softer survey-based data and higher inflation at the outset of the second quarter hint at an impending cool-off. In politics, voters handed Viktor Orban’s anti-immigrant Fidesz party a resounding victory at the EU’s elections on 26 May, delivering him a mandate and all but ensuring further clashes with Brussels.

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 Yield2.870.0 %Jun 13
Exchange Rate285.5-0.68 %Jun 13
Stock Market11,4700.04 %Jun 13

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