Hungary

Nominal GDP for Hungary was US$ 155.1bn in 2020, down from US$163.6bn in 2019. The Hungarian population was estimated at 9.7m in 2020 according to the IMF, while Germany is Hungary’s biggest trading partner (Hungary Central Statistical Office, KSH).

Variables Surveyed for Hungary

Variables covered in our monthly analysis of Hungary include:

  • Gross Domestic Product (GDP)
  • Household Consumption
  • Gross Fixed Investment
  • Industrial Production
  • Consumer Price Inflation
  • Gross Nominal Monthly Earnings
  • Money Supply
  • General Government Budget Balance
  • Merchandise Exports
  • Merchandise Imports
  • Trade Balance
  • Current Account Balance
  • Interest Rates
  • Forint Currency Forecasts
  • Monthly Inflation Forecasts

Consensus Forecasts for Hungary

Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. In the hard copy and pdf version of the publication, we also show selected “comparison forecasters”  including the Hungarian Central Bank, IMF, OECD, and European Commission. The table below shows a small example set of forecasts for GDP Growth and Consumer Prices (CPI), taken from our survey of March 2021.

Hungary Consensus Forecasts

Special Surveys

In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Hungary on topics such as:

Main Data Sources for Hungary

Comprehensive Forecasts Coverage

Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.