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Economy Rebounds from Last Year's Deep Fall

D&T
August 17, 2021

The gross domestic product of Hungary increased by 17.9% according to raw data and by 17.7% according to seasonally and calendar adjusted and reconciled data in the 2nd quarter of 2021 compared to the corresponding period of the previous year. Compared to the previous quarter, the economic performance rose by 2.7% according to seasonally and calendar adjusted and reconciled data.

The country's Central Statistical Office reports that compared to the previous quarter, the performance of the economy grew by 2.7% in the 2nd quarter. The main contributor to the increase was industry.

The economic performance was up by 17.9% according to raw data and by 17.7% according to seasonally and calendar adjusted and reconciled data compared to the low base in the same quarter of the previous year.

GDP was 2.2% larger according to raw data than in the 2nd quarter of 2019.

In the 1st half of 2021, the performance of the economy was 7.6% higher (7.2% higher according to seasonally and calendar adjusted and reconciled data) than the level in the corresponding period of the previous year.

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