Hungary
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
| Population, 1000 persons | 9592 | 9562 | 9530 | . | . | . |
| GDP, real change in % | -0.8 | 0.7 | 0.5 | 1.6 | 1.8 | 2.4 |
| GDP per capita (EUR at PPP) | 28970 | 30450 | 31700 | . | . | . |
| Gross industrial production, real change in % | -5.5 | -4.1 | -3.1 | . | . | . |
| Unemployment rate - LFS, in %, average | 4.1 | 4.5 | 4.4 | 4.3 | 4.2 | 4.1 |
| Average gross monthly wages, EUR | 1497 | 1636 | 1772 | . | . | . |
| Consumer prices, % p.a. | 17.0 | 3.7 | 4.4 | 4.0 | 3.6 | 3.1 |
| Fiscal balance in % of GDP | -7.0 | -5.1 | -4.7 | -5.5 | -4.0 | -3.5 |
| Public debt in % of GDP | 73.3 | 73.5 | 74.6 | . | . | . |
| Current account in % of GDP | 0.0 | 1.7 | 1.6 | 1.1 | 1.2 | 1.8 |
| FDI inflow, EUR m | 4397 | 3077 | 6802 | . | . | . |
| Gross external debt in % of GDP | 86.2 | 85.7 | 88.1 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.
publication_icon
Monthly Report No. 03/2026
Vasily Astrov, Meryem Gökten, Richard Grieveson, Ioannis Gutzianas, Nadya Heger, Mario Holzner and Olga Pindyuk
wiiw Monthly Report No. 03, March 2026
31 pages including 1 Table and 5 Figures
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Executive summary
Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII
Details
Hungary’s economy has remained largely stagnant since mid-2022. Factors such as an economic policy aligned with the election cycles, legal uncertainties, the excessive centralisation of decision making and an overall lack of transparency, plus corruption and strained relations with the EU have all weighed on investment and productivity. The Tisza party’s landslide election victory opens up an ambitious and EU-oriented reform agenda; nevertheless, its implementation may encounter fiscal constraints.