Economic performance grows by 4.8%

The gross domestic product of Hungary was up by 4.8% according to raw data and by 5.0% according to seasonally and calendar adjusted and reconciled data in the 3rd quarter of 2018 compared to the corresponding period of the previous year. Most industries contributed to the growth, market-based services to the greatest extent.

Compared to the previous quarter the volume of gross domestic product grew by 1.2% – according to seasonally and calendar adjusted and reconciled data – in the 3rd quarter of 2018.

In the 1st–3rd quarters of 2018 the economic performance – based on unadjusted data – was 4.7% higher than a year earlier.

Volume indices of GDP (corresponding period of previous year=100.0) (%) Year Unadjusted, raw data Calendar adjusted data I II III IV I–II I–III I–IV I II III IV I–II I–III I–IV 2015 104.2 103.3 102.9 103.7 103.8 103.5 103.5 104.2 103.3 102.9 103.5 103.8 103.5 103.5 2016 101.4 103.1 102.6 102.0 102.3 102.4 102.3 101.4 102.7 102.3 102.2 102.1 102.2 102.2 2017 104.5 103.5 104.1 104.5 104.0 104.0 104.1 104.2 104.0 104.3 104.9 104.1 104.2 104.4 2018 104.5 104.9 104.8 104.7 104.7 104.9 104.7 105.0 104.8 104.9