Nominal GDP for Hungary was $222.8bn in 2024, up from $213.4bn in 2023. The Hungarian population was estimated at 9.7m in 2024 according to the IMF, while Germany is Hungary’s biggest trading partner.
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 PDF publication, we also show selected “comparison forecasters” including the Hungarian Central Bank, IMF, OECD, and European Commission. The example below is an illustrative historical survey snapshot from September 2022, showing how individual forecasts and the consensus are presented.
Source: Eastern Europe Consensus Forecasts, September 2022
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:- Quarterly Forecasts
- Long-Term Forecasts
- Forecast Probabilities
- Sectoral Growth and Foreign Direct Investment
Main Data Sources for Hungary
- Hungary Central Statistical Office: The Hungarian Central Statistical Office is a professionally independent, self-managed government agency and the centre of the Official Statistical Service.
- Central Bank of Hungary (Magyar Nemzeti Bank): The primary objective of the MNB is to achieve and maintain price stability.
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.Explore forecasts across Eastern Europe
Alongside this country forecast, explore the other economies covered by our Eastern Europe forecast publication.