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gdp

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Hungarian Government Deficit 6.3% of GDP in H1 2023

D&T
Oct 3, 2023

According to preliminary data, the deficit of the general government sector in the 1st half of 2023 was HUF 2,296 billion, 6.3% of GDP. The deficit of the 2nd quarter was HUF 570 billion, 3.1% of GDP, the Central Statistical Office (KSH) reports. In the 1st half of 2023:The general government sector’s revenues were HUF […]

Economic Performance Down by 2.4% in Hungary in Q2

D&T
Aug 16, 2023

Hungary’s gross domestic product decreased by 2.4% according to raw data and by 2.3% according to seasonally and calendar adjusted and reconciled data in the 2nd quarter of 2023 compared to the corresponding period of the previous year, the Central Statistical Office (KSH) reports. Analysts note that this Hungarian GDP data is the third worst […]

Hungarian Economic Performance Slightly Down

D&T
May 16, 2023

Hungary’s gross domestic product (GDP) decreased by 0.9% according to raw data and by 1.1% according to seasonally and calendar adjusted and reconciled data in the 1st quarter of 2023 compared to the corresponding period of the previous year. Compared to the previous quarter, the economic performance diminished by 0.2% according to seasonally and calendar […]

Hungary's 2022 deficit: 6.2% of the GDP

D&T
Apr 4, 2023

According to preliminary data reported by the country's Central Statistical Office (KSH), the deficit of the general government sector in 2022 was HUF 4,159 billion, 6.2% of GDP. The balance deteriorated year-on-year by HUF 209 billion, and improved by 0.9 percentage points as a proportion of GDP. KSH says it reported the data to Eurostat, […]

Slight Growth of Economic Performance

D&T
Feb 14, 2023

Hungary’s gross domestic product increased by 0.4% according to raw data and by 0.9% according to seasonally and calendar adjusted and reconciled data in the 4th quarter of 2022 compared to the corresponding period of the previous year, the Central Statistical Office reports. Compared to the previous quarter, the economic performance diminished by 0.4% according […]

3.7% Deficit in Proportion of GDP in Quarters 1-3, 2022

D&T
Jan 3, 2023

According to preliminary data, the deficit of the general government sector in the 1st–3rd quarters of 2022 was HUF 1,825 billion, 3.7% of GDP, the country's Central Statistical Office reports. The balance improved by HUF 366 billion, or by 1.7 percentage points as a proportion of GDP compared to the same period of the previous […]

World Economic League Table: Hungary Ranked No. 58

D&T
Dec 26, 2022

Hungary is currently ranked 58th in the World Economic League Table (WELT), a ranking of economies by GDP and is expected to remain so in 15 years' time, according to a recent forecast by the Centre for Economics and Business Research (CEBR). At the end of each year, CEBR, one of London's most respected economic […]

GDP Down on Second Quarter, Up on 2021 Pandemic Base

D&T
Nov 15, 2022

Hungary’s gross domestic product diminished by 0.4% between July and September this year compared to the previous quarter according to seasonally and calendar adjusted and reconciled data reported by the the Central Statistical Office. The report added that in the 3rd quarter of 2022, the economic performance increased by 4.0% according to raw data and […]

Hungary's State Deficit Amounted to 6.8% of GDP in 2021

D&T
Apr 1, 2022

According to preliminary data the deficit of the general government sector in 2021 was HUF 3,736 billion, 6.8% of GDP. The balance improved year-on-year by HUF 25 billion, or by 1.0 percentage points as a proportion of GDP. Hungary's Central Statistical Office reported the data to Eurostat, the Statistical Office of the EU, in compliance […]

Economic Performance Up 7% on Last Year's Pandemic Base

D&T
Mar 2, 2022

The volume of gross domestic product increased by 7.1% in Hungary in the 4th quarter of 2021 compared to the corresponding period of the previous year, the country’s Central Statistical Office reports. According to seasonally and calendar adjusted and reconciled data, the performance of the economy rose by 2.0% compared to the previous quarter and […]

Hungarian Economy: Up but Lower Year on Year

D&T
Nov 13, 2020

The gross domestic product of Hungary went down by 4.6% according to raw data and by 4.7% according to seasonally and calendar adjusted and reconciled data in the 3rd quarter of 2020 compared to the corresponding period of the previous year. However, data just released by the country's Central Statistical Office also suggest that compared to […]

Hungarian GDP Rises by 2.2%

D&T
May 30, 2020

The volume of gross domestic product was 2.2% higher in Hungary in the 1st quarter of 2020 than in the corresponding period of the previous year, the country's Central Statistical Office (KSH) reports. The extraordinary situation resulting from the corona virus pandemic had a negative impact on the performance of most sections, but market services and, […]

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