Hungary GDP Growth RateHungary GDP Growth RateHungary GDP Growth Rate

Hungary GDP Growth Rate

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Key data points


Last release
Observation period
Q3 2024
Next release
Forecast
Highest
11.70% on Sep 30, 2020
Lowest
−14.50% on Jun 30, 2020

About Hungary GDP Growth Rate


Category
GDP
Frequency
Quarterly
Units
%
In Hungary, household consumption is the main component of GDP and accounts for 50 percent of its total use, followed by gross fixed capital formation (22 percent) and government expenditure (20 percent). Exports of goods and services account for 89 percent of GDP while imports account for 82 percent, adding 7 percent of total GDP.