Overview
Discussions Key data points
Last release
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Observation period
2023
Next release
—
Forecast
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Highest
7.10% on Dec 31, 2021
Lowest
−6.70% on Dec 31, 2009
About Hungary Full Year GDP Growth
Electronics manufacturing and research are among the main drivers of innovation and economic growth in Hungary. The country has also grown into a major center for mobile technology, information security, and related hardware research. On the expenditure side, 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.