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Hungary GDP Growth Rate

The Gross Domestic Product (GDP) in Hungary contracted 1.3 percent in the first quarter of 2012 over the previous quarter. Historically, from 1995 until 2011, Hungary's average quarterly GDP Growth was 0.63 percent reaching an historical high of 1.73 percent in March of 2002 and a record low of -2.90 percent in March of 2009. Hungarian economy is a medium-sized, structurally, politically, and institutionally open economy in Central Europe and is part of the EU single market. Hungary is a rapidly developing country and the fifth largest national economy in Central and Eastern Europe. This page includes: Hungary GDP Growth Rate chart, historical data, forecasts and news. Data is also available for Hungary GDP Annual Growth Rate, which measures growth over a full economic year.

source: Hungarian Central Statistical Office

Hungary GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Hungary contracted 0.7 percent in the first quarter of 2012 over the same quarter, previous year. Unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. Historically, from 1996 until 2011, Hungary's average annual GDP Growth was 2.75 percent reaching an historical high of 5.45 percent in March of 1998 and a record low of -7.02 percent in June of 2009. This page includes: Hungary GDP Annual Growth Rate chart, historical data, forecasts and news. Data is also available for Hungary GDP Quarterly Growth Rate, which measures growth over the previous quarter.

source: Hungarian Statistical Office

Hungary Inflation Rate

The inflation rate in Hungary was last reported at 5.7 percent in April of 2012. From 1992 until 2010, the average inflation rate in Hungary was 12.01 percent reaching an historical high of 31.00 percent in June of 1995 and a record low of 2.30 percent in March of 2006. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes: Hungary Inflation Rate chart, historical data and news.

source: Hungarian Statistical Office

Hungary Industrial Production

Industrial Production in Hungary declined 1.6 percent in March of 2012. Industrial production measures changes in output for the industrial sector of the economy which includes manufacturing, mining, and utilities. Industrial Production is an important indicator for economic forecasting and is often used to measure inflation pressures as high levels of industrial production can lead to sudden changes in prices. From 1991 until 2010, Hungary's industrial production averaged 4.82 percent reaching an historical high of 23.50 percent in May of 2000 and a record low of -25.40 percent in April of 2009. This page includes: Hungary Industrial Production chart, historical data and news.

source: Hungarian Statistical Office

Hungary Annual Retail Sales

Retail Sales in Hungary declined 1.3 percent in February of 2012 over the previous year. From 1999 until 2011, Hungary's average Retail Sales was 2.68 percent reaching an historical high of 14.30 percent in December of 1999 and a record low of -7.80 percent in November of 2009. This page includes a chart with historical data for Hungary's Retail Sales.

source: Eurostat

Hungary Government Debt To GDP

The Government Debt in Hungary was last reported at 80.6 percent of the country´s GDP. From 1995 until 2010, Hungary's average Government Debt to GDP was 55.25 percent reaching an historical high of 80.20 percent in December of 2010 and a record low of 0.00 percent in December of 1996. Generally, Government debt as a percent of GDP is used by investors to measure Hungary's ability to make future payments on its debt, thus affecting Hungary's borrowing costs and government bond yields. This page includes a chart with historical data for Hungary's General Government Gross Debt as a percent of GDP.

source: Eurostat

Hungary Government Budget

Hungary reported a government budget surplus equivalent to 4.3 percent of the Gross Domestic Product (GDP) in 2011. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page includes: Hungary Government Budget chart, historical data and news.

source: Eurostat

Hungary Unemployment Rate

The unemployment rate in Hungary was reported at 11.7 percent from January of 2012 to March of 2012. From 1999 until 2010, Hungary's Unemployment Rate averaged 7.13 percent reaching an historical high of 11.80 percent in March of 2010 and a record low of 5.50 percent in October of 2001. The labour force is defined as the number of people employed plus the number unemployed but seeking work. The nonlabour force includes those who are not looking for work, those who are institutionalised and those serving in the military. This page includes: Hungary Unemployment Rate chart, historical data and news.

source: Hungarian Statistical Office

Hungary Interest Rate

The benchmark interest rate in Hungary was last reported at 7 percent. In Hungary, interest rates decisions are taken by the Monetary Council of the Hungarian National Bank (Magyar Nemzeti Bank). The main interest rate is the central bank base rate on refinancing credit maturing over one year that the Central Bank lends to financial institutions. From 1987 until 2010, Hungary's average interest rate was 13.93 percent reaching an historical high of 28.00 percent in January of 1995 and a record low of 5.25 percent in April of 2010. This page includes: Hungary Interest Rate chart, historical data and news.

source: National Bank of Hungary

Hungary Retail Sales

Retail Sales in Hungary declined 0.5 percent in February of 2012 over the previous month. From 2000 until 2011, Hungary's average Retail Sales was 0.22 percent reaching an historical high of 3.00 percent in January of 2003 and a record low of -7.10 percent in January of 2001. This page includes a chart with historical data for Hungary's Retail Sales.

source: Eurostat

Hungary Current Account

Hungary reported a current account surplus equivalent to 439 Million EUR in the fourth quarter of 2011. Hungary's main exports are machinery and transport equipment, consumer goods, agricultural products, chemicals, apparel, textiles, iron and steel, and wine. Hungary's major imports are machinery and equipment, other manufactures and fuels and electricity. European Union is by far its largest trading partner, accounting for about 79% of exports and 70% of imports. This page includes: Hungary Current Account chart, historical data and news.

source: National Bank of Hungary

Hungary Balance of Trade

Hungary reported a trade surplus equivalent to 690 Million EUR in February of 2012. Hungary's main exports are machinery and transport equipment, consumer goods, agricultural products, chemicals, apparel, textiles, iron and steel, and wine. Hungary's major imports are machinery and equipment, other manufactures and fuels and electricity. European Union is by far its largest trading partner, accounting for about 79% of exports and 70% of imports. This page includes: Hungary Balance of Trade chart, historical data and news.

source: Hungarian Central Statistical Office

Hungary Imports

Hungary imports were worth 5915 Million EUR in February of 2012. Hungary's major imports are machinery and equipment, other manufactures and fuels and electricity. Hungary imports 70% of products from other European Union countries. Main import partners are also Russia and China. This page includes: Hungary Imports chart, historical data and news.

source: Hungarian Central Statistical Office

Hungary Exports

Hungary exports were worth 6604 Million EUR in February of 2012. Hungary's main exports are machinery and transport equipment, consumer goods, agricultural products, chemicals, apparel, textiles, iron and steel, and wine. Trade with EU countries and the OECD now comprises over 70% and 80% of the total, respectively. Germany is Hungary's single most important trading partner. This page includes: Hungary Exports chart, historical data and news.

source: Hungarian Central Statistical Office

Hungary Consumer Confidence

In Hungary, consumer confidence improved to -49.9 in March of 2012 from -51.2 in February of 2012. In Hungary, GKI Economic Research consumer confidence index measures the level of optimism that consumers have about the performance of the economy. The consumer confidence index is calculated from responses given to questions concerning the actual and the expected financial position of households, the actual and the expected economic situation of the country, and the purchase of higher value consumer durables. This page includes: Hungary Consumer Confidence chart, historical data and news.

source: GKI Economic Research Co.

Hungary Business Confidence

In Hungary, business confidence improved to -8.1 in March of 2012 from -12.4 in February of 2012. In Hungary, GKI Economic Research business confidence index measures the level of optimism that people who run companies have about the performance of the economy and how they feel about their organizations’ prospects. GKI approaches 5-6 thousand companies with legal status employing more than 20 persons each month. Out of them, some 1000-1200 undertakings respond to its questionnaire. This page includes: Hungary Business Confidence chart, historical data and news.

source: GKI Economic Research Co.

Hungary GDP per capita

The GDP per capita in Hungary was last reported at 5629 US dollars in December of 2010, according to the World Bank. Previously, the GDP per capita in Hungary standed at 5551 US dollars in December of 2009. The GDP per capita in Hungary is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. Historically, from 1960 until 2010, Hungary's average GDP Per Capita was 3692.94 dollars reaching an historical high of 5947.16 dollars in December of 2008 and a record low of 1453.90 dollars in December of 1960. This page includes a chart with historical data for Hungary's GDP Per Capita.

source: World Bank

Hungary GDP per capita PPP

The GDP per capita, adjusted by purchasing power parity, in Hungary was last reported at 20029 US dollars in December of 2010, according to the World Bank. Previously, the GDP per capita PPP in Hungary standed at 19939 US dollars in December of 2009. The GDP per capita PPP in Hungary is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. Historically, from 1980 until 2010, Hungary's average GDP per capita PPP was 11175.73 dollars reaching an historical high of 20538.77 dollars in December of 2008 and a record low of 5015.67 dollars in December of 1980. This page includes a chart with historical data for Hungary's GDP per capita PPP.

source: World Bank

Hungary Population

The total population in Hungary was last reported at 10.0 million people in 2010 from 10.0 million in 1960, changing 0 percent during the last 50 years. Hungary has 0.14 percent of the world´s total population which means that one person in every 692 people on the planet is a resident of Hungary. This page includes a chart with historical data for Hungary's Total Population.

source: World Bank

Hungary GDP

Hungary Gross Domestic Product is worth 130 billion dollars or 0.21% of the world economy, according to the World Bank. Historically, from 1968 until 2010, Hungary's average Gross Domestic Product was 44.23 billion dollars reaching an historical high of 155.44 billion dollars in December of 2008 and a record low of 4.69 billion dollars in December of 1968. Hungarian economy is a medium-sized, structurally, politically, and institutionally open economy in Central Europe and is part of the EU single market. Hungary is a rapidly developing country and the fifth largest national economy in Central and Eastern Europe. This page includes: Hungary Gross Domestic Product (GDP) chart, historical data, forecasts and news.

source: The World Bank Group

datas from tradingeconomics.com

21 May 2012 ► Converter Forint ► Free online currency conversion based on exchange rates. Currency converter