Page 24 - CE Outlook Regions 2023

2.3 Macroeconomy - Hungary

Hungary: key economic figures and forecasts

2016 2017 2018 2019 2020 2021 2022

Nominal GDP (EUR bn) 116.1 126.8 135.9 146.1 137.8 153.8 ?

Real GDP (% y/y) 2.1 4.5 5.4 4.6 5.0 7.1 4.8?

Industrial output (% y/y) 0.9 4.6 3.5 5.6 -6.0 9.5 6.6?

Unemployment rate (avg, %) 5.2 4.2 3.7 3.4 4.3 3.7 3.6?

Nominal industrial wages (% ?
y/y)

Producer prices (avg, % y/y) -1.7 3.3 5.5 2.1 4.2 13.5 33.2?

Consumer prices (avg, % y/y) 0.4 2.4 2.8 3.4 3.3 5.1 14.6?

Consumer prices (eop, % y/y) ?

General budget balance (% of -1.8 -2.5 -2.1 -2.0 -8.1 -7.5 -4.9?
GDP)

Public debt (% of GDP) 75.5 72.9 70.2 66.3 80.4 76.8 75.9?

Current account balance (% of 4.6 1.9 0.4 -0.4 0.1 -3.0 7.0?
GDP)

Official FX reserves (EUR bn) 24.5 23.4 27.4 28.4 33.7 37 29.6?

Gross foreign debt (% of GDP) 119.2 101.6 100.1 96.9 160 157.7 ?

EUR/LC (avg) 311.5 309.2 318.9 325.4 351.2 358.5 391.1

USD/LC (avg) 281.4 274.3 270.3 290.7 307.9 303.3 373.0

Source: Thomson Reuters, RBI/Raiffeisen RESEARCH

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