Although, economic performance in Hungary grew by 1.1% compared to previous quarter but it decreased by 3.7% compared to a year earlier.
The gross domestic product of Hungary went down by 3.7% according to raw data and by 4.3% according to seasonally and calendar adjusted and reconciled data in the 4th quarter of 2020 compared to the corresponding period of the previous year, the Central Statistical Office reports.
Compared to the previous quarter, the economic performance increased by 1.1% according to seasonally and calendar adjusted and reconciled data. In 2020, the volume of GDP was 5.1% lower than in the previous year.
Compared to the previous quarter, the performance of the economy grew by 1.1% in the 4th quarter. The main drivers of the increase were industry as well as in information and communication.
Compared to the same quarter of the previous year, the economic performance went down by 3.7% according to raw data and by 4.3% according to seasonally and calendar adjusted and reconciled data.
In 2020, the economic performance became 5.1% lower according to raw data compared to the previous year.


Leave a Reply Cancel reply
Top 5 Articles
Roche Expands its Budapest BSC portfolio February 15, 2021
Gateway to Hungary December 27, 2019
Fornetti, the Hungarian bakery appears in London April 3, 2013
An Emissary of Business Relations December 23, 2019
Hungarians In The French Foreign Legion April 29, 2009
No comment yet. Be the first!