News in Brief
KSH: Hungary's GDP inched up 0.1% in Q2 compared to same period last year
KSH said services, especially the ICT sector, had a positive impact on GDP, while the performances of the industrial and agriculture sectors weighed.
GDP
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News in Brief
FM: Hungary's GDP will get a boost as big new industrial capacities are completed
"The impact of investment agreements signed in recent years will be apparent in GDP data in the coming quarters, I can assure everybody of that," the foreign minister said.
News in Brief
Hungary’s budget is expected to post a shortfall of 7-9 percent of GDP in 2020
Although the economic fallout due to the coronavirus epidemic was not as serious as that in the rest of the EU, Hungary’s economy shrank by 13.6 percent in the second...
Speeches and Remarks
Prime Minister Viktor Orbán on the Kossuth Radio programme “Good Morning Hungary”
21 August 2020
News in Brief
IMF predicts Hungary’s 2021 GDP growth at 2.9 percent
Within its November 2019 Regional Economic Outlook report for Europe, the IMF said inflation could reach 3.3 percent in the same year.
News in Brief
EBRD raises its forecast for Hungary’s GDP growth
After Q2 data released at the end of August showed higher than expected growth, Mihály Varga said the full-year GDP figure could reach 4.3-4.4 percent.
News in Brief
Finance Minister: Hungarian economy is expected to grow by 4.3-4.4 percent this year
Minister Varga said the economy was also expected to perform well in the second half of the year. He added that the economy has not lost momentum and that the Q2 growth rate had exceeded the ministry’s expectations.
News in Brief
GKI raises 2019 GDP forecast for Hungary
Hungarian economic research institute GKI has raised its forecast for Hungarian economic growth to 4.3 percent this year from a previous estimate of 4 percent.
News in Brief
Hungary's GDP growth highest in the EU
Hungary’s Q1 GDP growth is the highest in the EU, out of the 20 member states who have submitted their figures so far
Blog
Did you know that Hungary ranks among EU’s leaders on these fiscal and growth numbers?
Hungary’s public debt has fallen by 10 percentage points since 2010 and GDP growth in 2018 hit a 15-year high.
News in Brief
Hungary’s annual GDP growth accelerated to 5.0 percent in Q4 2018
KSH said in a statement that “most branches of the national economy contributed to growth, market-based services to the greatest degree”
News in Brief
Hungary’s tax-to-GDP ratio sees largest decline in the European Union
The finance ministry said the government’s tax policy focuses on cutting taxes and simplifying tax administration and the tax cuts will continue
News in Brief
Hungary's third-quarter GDP grows by 5 percent year-on-year
Mihály Varga noted that the Q3 growth rate was two-and-a-half times the European Union average and the second-highest among all member states