Hungary: Economic and Financial Data

Date of last update: 23 Sept 2016

This page is updated whenever new data are released.

The data shown in this page correspond to the data described on the International Monetary Fund’s Dissemination Standards Bulletin Board (DSBB). For a fuller explanation of the DSBB and the statistical standards to which Hungary has committed, please click on DSBB Home Page.

Unless otherwise indicated, data are preliminary when first released and are not seasonally adjusted.

Comma (,) represents decimal point delimiter.

Figures may not sum due to rounding.

Acronyms used: HUF – Hungarian Forint; BUX – Budapest Stock Exchange Index

Real Sector

SDDS data category and component Unit description Observations More info
Period of latest data Latest data Data for previous period % change from same period last year
National accounts www.ksh.hu/stadat
New data according to ESA2010
* GDP at current market prices HUF billion Q2/16 8 624,0 7 684,8
** Household final consumption expenditure HUF billion Q2/16 4 260,8 4 017,2
** Social transfer in kind from government HUF billion Q2/16 845,5 786,8
** Social transfer in kind from NPISHs HUF billion Q2/16 149,0 146,4
** Actual final consumption of households HUF billion Q2/16 5 255,3 4 950,4
** Actual final consumption of government HUF billion Q2/16 857,7 834,4
** Actual final consumption, total HUF billion Q2/16 6 113,0 5 784,9
** Gross fixed capital formation HUF billion Q2/16 1 491,1 1 027,2
** Exports HUF billion Q2/16 8 312,3 7 807,1
** Imports HUF billion Q2/16 7 322,9 6 931,8
** External balance of goods and services HUF billion Q2/16 989,4 875,3
** Changes in inventories HUF billion Q2/16 30,6 -2,6
* GDP at constant prices HUF billion at 2005 prices Q2/16 6 142,3 5 574,3 2,6 www.ksh.hu/stadat
www.ksh.hu/stadat
** Household final consumption expenditure HUF billion Q2/16 2 980,4 2 839,6 5,1
** Social transfer in kind from government HUF billion Q2/16 646,4 621,8 2,1
** Social transfer in kind from NPISHs HUF billion Q2/16 91,1 88,9 5,2
** Actual final consumption of households HUF billion Q2/16 3 721,6 3 553,8 4,6
** Actual final consumption of government HUF billion Q2/16 635,4 614,0 2,8
** Actual final consumption, total HUF billion Q2/16 4 359,2 4 169,6 4,4
** Gross fixed capital formation HUF billion Q2/16 1 116,6 782,9 -20,0
** Exports HUF billion Q2/16 7 240,3 6 756,6 8,2
** Imports HUF billion Q2/16 6 401,9 6 053,6 6,1
** External balance of goods and services HUF billion Q2/16 n.a. n.a.
** Changes in inventories HUF billion Q2/16 n.a. n.a.
Production index
* Volume of gross industrial output seasonally and working-days adjusted, 2010 monthly average = 100,0 Jul/16 121,1 121,5 0,0 www.ksh.hu/first_release
www.ksh.hu/stadat
Labor market
Notes: From December 2014, grossing up of LFS data is based on the adjusted population number of the 2011 census. To ensure comparability previous estimates have been modified by the new weighting system dating back to 2006.
* Employment persons, thousand final May/16- Jul/16 4 371,9 4 342,7 www.ksh.hu/first_release
www.ksh.hu/stadat
* Unemployment persons, thousand final May/16- Jul/16 228,0 234,1 www.ksh.hu/first_release
www.ksh.hu/stadat
% of labor force May/16- Jul/16 5,0 5,1
* Wages/earnings average monthly gross earnings in HUF Jul/16 256 881 259 875 5,1 www.ksh.hu/first_release
www.ksh.hu/stadat
Price indices
* Consumer prices December previous year=100,0 final Aug/16 100,5 101,0 www.ksh.hu/first_release
www.ksh.hu/stadat
* Producer prices December previous year=100,0 final Jul/16 99,7 100,1 www.ksh.hu/first_release
www.ksh.hu/stadat

Fiscal Sector

SDDS data category and component Unit description Observations More info
Period of latest data Latest data Data for previous period % change from same period last year
General government operations Ministry for National Economy
Notes: Data are preliminary cash based fiscal accounts data. Data are consolidated and include local government data as well. Central government cash balance was -1.234.018 HUF million in 2015 (including the balance of SS Funds). Local government cash balance was surplus with 12.974 million HUF.
* Total revenues HUF million 2015 16 341 081 15 996 093 2
* Total expenditures HUF million 2015 17 562 125 16 713 642 5
* General government surplus/deficit HUF million 2015 -1 221 044 -717 549 70
* Total financing HUF million 2015 1 221 044 717 549 70
** Foreign debt financing HUF million 2015 -693 883 -856 604 -19
** Domestic debt financing HUF million 2015 1 114 405 2 038 152 -45
*** Bonds HUF million 2015 996 872 1 722 774 -42
*** Treasury bills HUF million 2015 419 214 406 248 3
*** Loans HUF million 2015 -301 681 -90 870 232
** Other financing HUF million 2015 800 521 -463 998 -273
Central government operations Ministry for National Economy
* Total revenues HUF million Aug/2016 1 562 008 1 289 950 20,0
* Total expenditures HUF million Aug/2016 1 371 216 1 352 672 3,7
* Central government surplus/deficit HUF million Aug/2016 190 792 -62 722 -1016,8
* Total financing HUF million Aug/2016 -190 792 62 722 -1016,8
** Foreign debt financing HUF million Aug/2016 -17 -274 615 -99,8
** Domestic debt financing HUF million Aug/2016 -121 186 166 991 353,5
*** Bonds HUF million Aug/2016 -35 777 6 053 -32,3
*** Treasury bills HUF million Aug/2016 -84 306 161 884 -163,3
*** Loans HUF million Aug/2016 -1 103 -946 -99,0
** Other financing HUF million Aug/2016 -69 589 170 346 -226,2
Central government debt http://akk.hu
For daily data please click on:
*** Total domestic currency debt HUF billion Q2/16 17 766,94 17 286,07
- short-term HUF billion Q2/16 4 255,38 3 982,61
- long-term HUF billion Q2/16 13 511,56 13 303,46
**** Loans HUF billion Q2/16 844,53 844,53
**** Government securities HUF billion Q2/16 16 922,41 16 441,53
*** Total foreign currency debt HUF billion Q2/16 6 844,20 7 554,50
- short-term HUF billion Q2/16 0,00 0,00
- long-term HUF billion Q2/16 6 844,20 7 554,50
**** Loans HUF billion Q2/16 1 226,22 1 698,93
**** Government securities HUF billion Q2/16 5 617,98 5 855,58
** Total outstanding debt HUF billion Q2/16 24 611,14 24 840,57
**Mark-to-market deposits placed at AKK HUF billion Q2/16 679,38 632,42
*Grand total central government debt HUF billion Q2/16 25 290,52 25 472,99
** Guaranteed debt HUF billion Q2/16 - 2 870,17 Not available yet for 30/06/2016

Financial Sector

SDDS data category and component Unit description Observations More info
Period of latest data Latest data Data for previous period % change from same period last year
Analytical accounts of the banking sector Magyar Nemzeti Bank
* Monetary aggregates
** M1 HUF billion Jul/16 13 734,3 13 623,2
** M2 HUF billion Jul/16 18 174,2 18 212,2
** M3 HUF billion Jul/16 19 143,2 19 236,9
** Loans to residents HUF billion Jul/16 13 119,0 13 098,8
** Loans to general government HUF billion Jul/16 404,4 412,7
** Loans to other residents HUF billion Jul/16 12 631,9 12 707,8
** Net external assets HUF billion Jul/16 -38,3 -148,0
Analytical accounts of the central bank Magyar Nemzeti Bank
* Monetary base HUF billion Aug/16 5 006,9 4 953,0
* Loans to general government1 HUF billion Aug/16 0,0 0,0 In the case of the MNB it means only central government.
* Loans to other residents2 HUF billion Aug/16 1 530,8 1 523,5
* Net external assets HUF billion Aug/16 7 290,7 7 414,2
Interest rates
* Base rate of the NBH % per annum May/16 0,90 1,05 For daily data please click on:
Magyar Nemzeti Bank
* Overnight interbank lending rate % per annum Jul/16 0,51 0,43 Magyar Nemzeti Bank
* 1 month interbank lending rate % per annum Jul/16 0,81 0,85
Yields on Treasury bills and Government Bonds Average yield at auctions and subscription
Benchmark yields
Corporate Magyar Nemzeti Bank
* Short-term lending rates % per annum Jul/16 3,08 3,15
* Short-term deposit rates % per annum Jul/16 0,66 0,69
Household Magyar Nemzeti Bank
* Lending rates % per annum Jul/16 7,84 7,93 Notes: Changes in interest rates in March 2015 related to the conversation of foreign currency loans into HUF, which are priced from February 2015 to apply the 2014 Act LXXVIII.
* Sight deposit rates % per annum Jul/16 0,23 0,23
Financial soundness indicators http://fsi.imf.org
Stock market index (SPI) BUX
02/01/1991=1000
Jul/16 27 628,17 26 325,60 For daily data please click on:
http://www.bse.hu

External Sector

SDDS data category and component Unit description Observations More info
Period of latest data Latest data Data for previous period % change from same period last year
Balance of payments Magyar Nemzeti Bank
* Current account balance EUR million, final Q2/16 1 758,9 1 610,9
** Exports of goods and services EUR million, final Q2/16 26 531,7 24 647,9
** Imports of goods and services EUR million, final Q2/16 23 372,2 21 969,0
** Primary income, net EUR million, final Q2/16 -1 007,1 -525,7
** Secondary income, net EUR million, final Q2/16 -393,5 -542,3
* Capital account, net EUR million, final Q2/16 77,3 263,7
* Financial account, net assets EUR million, final Q2/16 2 028,3 459,6
**Direct investment, net assets EUR million, final Q2/16 575,4 -365,8
**Portfolio investment, net assets EUR million, final Q2/16 813,3 2 843,6
** Financial derivatives (other than reserves), net assets EUR million, final Q2/16 79,2 406,3
**Other investment, net assets EUR million, final Q2/16 3 856,8 378,6
* Reserve assets EUR million, final Q2/16 -3 296,3 -2 803,1
International reserves Magyar Nemzeti Bank
* Total reserve assets USD million Aug/16 26 891 27 254 Notes: At market price including accrued interest. Preliminary data. The following factors played the most important role in the decrease of international reserve assets in March 2016. The effect of foreign currency operations of the ĮKK (Government Debt Management Agency) and the MĮK (Hungarian State Treasury) was about -1.2 billion euros, the major part of which was related to the redemption of the GBP denominated Government Bond. The remaining change was explained mostly by the decrease of the margin account of the ĮKK held at the MNB related to cross-currency exchange rate changes. Redemptions of central bank swap contracts related to the phasing out of households’ FX loans decreased the level of reserve assets by 2.9 billion euros. Furthermore, other factors contributed to the decline of reserve assets to a minor extent (e.g. revaluation effects related to exchange rate changes).
**Foreign currency reserves (currency and deposits, and securities) USD million Aug/16 25 918 26 336
** Monetary gold USD million Aug/16 130 132
**SDRs USD million Aug/16 17 17
**Reserve position in the IMF USD million Aug/16 418 416
**Other reserve assets (other claims) USD million Aug/16 409 354
International reserves and foreign currency liquidity EUR million Aug/16 Magyar Nemzeti Bank
Merchandise trade www.ksh.hu/first_release
www.ksh.hu/stadat
* Total exports USD million, f.o.b. Jul/16 8 091 9 505 -4,8
* Total imports USD million, c.i.f. Jul/16 7 355 8 236 -5,7
International investment position Magyar Nemzeti Bank
* Assets EUR million, final Q2/16 259 119,9 254 325,7
** Direct investment EUR million, final Q2/16 193 259,9 189 936,7
** Portfolio investment EUR million, final Q2/16 9 053,7 8 446,0
- equity and investment fund shares EUR million, final Q2/16 6 139,4 5 964,1
- debt securities EUR million, final Q2/16 2 914,3 2 482,0
** Financial derivatives EUR million, final Q2/16 4 250,8 3 771,3
** Other investment (assests) EUR million, final Q2/16 27 770,6 24 620,7
- short-term EUR million, final Q2/16 21 248,9 18 568,4
- long-term EUR million, final Q2/16 6 014,2 5 567,0
** Reserve assets EUR million, final Q2/16 24 784,8 27 551,0
* Liabilities EUR million, final Q2/16 322 814,2 321 452,3
** Direct investment EUR million, final Q2/16 230 780,5 228 325,9
** Portfolio investment EUR million, final Q2/16 46 887,2 47 565,7
- equity and investment fund shares EUR million, final Q2/16 10 407,1 10 809,5
- debt securities EUR million, final Q2/16 36 480,0 36 756,2
** Financial derivatives EUR million, final Q2/16 2 110,6 1 850,8
** Other investment (liabilities) EUR million, final Q2/16 43 036,0 43 709,9
- short-term EUR million, final Q2/16 13 991,7 13 619,4
- long-term EUR million, final Q2/16 29 018,2 30 064,2
Gross external debt Magyar Nemzeti Bank
* Direct investment: Debt instruments EUR million, final Q2/16 61 904,8 60 051,9
** In direct investment enterprises EUR million, final Q2/16 39 098,0 38 419,9
** In direct investor (reverse investment) EUR million, final Q2/16 3 950,9 3 867,1
*** Between fellow enterprises EUR million, final Q2/16 18 855,8 17 764,9
* Other debt EUR million, final Q2/16 79 489,9 80 439,8
** Central bank (S.121) EUR million, final Q2/16 1 874,1 1 720,4
*** Short-term EUR million, final Q2/16 630,1 492,8
- Deposits EUR million, final Q2/16 630,1 492,8
- Debt securities EUR million, final Q2/16 0,0 0,0
- Loans EUR million, final Q2/16 0,0 0,0
- Trade credits and advances EUR million, final Q2/16 0,0 0,0
- Other accounts payable EUR million, final Q2/16 0,0 0,0
*** Long-term EUR million, final Q2/16 1 244,0 1 227,5
- Deposits EUR million, final Q2/16 0,0 0,0
- Debt securities EUR million, final Q2/16 0,0 0,0
- Loans EUR million, final Q2/16 0,0 0,0
- Trade credits and advances EUR million, final Q2/16 0,0 0,0
- Other accounts payable EUR million, final Q2/16 0,0 0,0
- SDRs EUR million, final Q2/16 1 244,0 1 227,5
** Other MFIs (S.12T) EUR million, final Q2/16 17 134,7 16 787,7
*** Short-term EUR million, final Q2/16 5 568,9 5 249,4
- Deposits EUR million, final Q2/16 4 795,5 4 885,2
- Debt securities EUR million, final Q2/16 0,2 0,2
- Loans EUR million, final Q2/16 730,1 330,7
- Trade credits and advances EUR million, final Q2/16 1,5 1,6
- Other accounts payable EUR million, final Q2/16 41,7 31,7
*** Long-term EUR million, final Q2/16 11 565,7 11 538,3
- Deposits EUR million, final Q2/16 5 402,2 4 938,6
- Debt securities EUR million, final Q2/16 2 642,5 2 953,8
- Loans EUR million, final Q2/16 3 521,1 3 645,9
- Trade credits and advances EUR million, final Q2/16 0,0 0,0
- Other accounts payable EUR million, final Q2/16 0,0 0,0
*** Deposit-taking corporations except the central bank (S.122) EUR million, final Q2/16 17 134,7 16 787,7
**** Short-term EUR million, final Q2/16 5 568,9 5 249,4
- Deposits EUR million, final Q2/16 4 795,5 4 885,2
- Debt securities EUR million, final Q2/16 0,2 0,2
- Loans EUR million, final Q2/16 730,1 330,7
- Trade credits and advances EUR million, final Q2/16 1,5 1,6
- Other accounts payable EUR million, final Q2/16 41,7 31,7
**** Long-term EUR million, final Q2/16 11 565,7 11 538,3
- Deposits EUR million, final Q2/16 5 402,2 4 938,6
- Debt securities EUR million, final Q2/16 2 642,5 2 953,8
- Loans EUR million, final Q2/16 3 521,1 3 645,9
- Trade credits and advances EUR million, final Q2/16 0,0 0,0
- Other accounts payable EUR million, final Q2/16 0,0 0,0
*** Money market funds (S.123) EUR million, final Q2/16 0,0 0,0
**** Short-term EUR million, final Q2/16 0,0 0,0
- Deposits EUR million, final Q2/16 0,0 0,0
- Debt securities EUR million, final Q2/16 0,0 0,0
- Loans EUR million, final Q2/16 0,0 0,0
- Trade credits and advances EUR million, final Q2/16 0,0 0,0
- Other accounts payable EUR million, final Q2/16 0,0 0,0
**** Long-term EUR million, final Q2/16 0,0 0,0
- Deposits EUR million, final Q2/16 0,0 0,0
- Debt securities EUR million, final Q2/16 0,0 0,0
- Loans EUR million, final Q2/16 0,0 0,0
- Trade credits and advances EUR million, final Q2/16 0,0 0,0
- Other accounts payable EUR million, final Q2/16 0,0 0,0
** General government (S.13) EUR million, final Q2/16 42 420,2 44 359,7
*** Short-term EUR million, final Q2/16 2 205,7 2 091,3
- Deposits EUR million, final Q2/16 0,0 0,0
- Debt securities EUR million, final Q2/16 24,9 32,2
- Loans EUR million, final Q2/16 2 148,2 2 012,6
- Trade credits and advances EUR million, final Q2/16 1,5 1,6
- Other accounts payable EUR million, final Q2/16 31,0 44,9
*** Long-term EUR million, final Q2/16 40 214,5 42 268,3
- Deposits EUR million, final Q2/16 0,0 0,0
- Debt securities EUR million, final Q2/16 32 471,9 32 925,5
- Loans EUR million, final Q2/16 6 718,9 8 320,8
- Trade credits and advances EUR million, final Q2/16 0,0 0,0
- Other accounts payable EUR million, final Q2/16 1 023,7 1 022,0
- SDRs EUR million, final Q2/16 0,0 0,0
** Other sectors (S.1P) EUR million, final Q2/16 18 060,9 17 572,1
*** Short-term EUR million, final Q2/16 5 612,5 5 818,4
- Deposits EUR million, final Q2/16 0,0 0,0
- Debt securities EUR million, final Q2/16 0,4 0,2
- Loans EUR million, final Q2/16 1 077,9 1 771,1
- Trade credits and advances EUR million, final Q2/16 4 171,5 3 740,6
- Other accounts payable EUR million, final Q2/16 362,6 306,7
*** Long-term EUR million, final Q2/16 12 448,4 11 753,7
- Deposits EUR million, final Q2/16 0,0 0,0
- Debt securities EUR million, final Q2/16 1 340,1 844,4
- Loans EUR million, final Q2/16 11 016,2 10 827,4
- Trade credits and advances EUR million, final Q2/16 12,8 12,8
- Other accounts payable EUR million, final Q2/16 79,3 69,1
*** Financial corporations other than MFIs (S.12M) EUR million, final Q2/16 1 664,3 1 712,2
**** Short-term EUR million, final Q2/16 395,4 416,9
- Deposits EUR million, final Q2/16 0,0 0,0
- Debt securities EUR million, final Q2/16 0,0 0,0
- Loans EUR million, final Q2/16 377,4 396,2
- Trade credits and advances EUR million, final Q2/16 3,2 4,2
- Other accounts payable EUR million, final Q2/16 14,8 16,4
**** Long-term EUR million, final Q2/16 1 269,0 1 295,3
- Deposits EUR million, final Q2/16 0,0 0,0
- Debt securities EUR million, final Q2/16 29,1 29,1
- Loans EUR million, final Q2/16 1 187,0 1 213,7
- Trade credits and advances EUR million, final Q2/16 0,0 0,0
- Other accounts payable EUR million, final Q2/16 52,9 52,6
*** Non-financial corporations, households, and non-profit institutions serving households (S.1V) EUR million, final Q2/16 16 396,6 15 859,9
**** Short-term EUR million, final Q2/16 5 217,1 5 401,6
- Deposits EUR million, final Q2/16 0,0 0,0
- Debt securities EUR million, final Q2/16 0,4 0,2
- Loans EUR million, final Q2/16 700,4 1 374,8
- Trade credits and advances EUR million, final Q2/16 4 168,4 3 736,3
- Other accounts payable EUR million, final Q2/16 347,9 290,2
**** Long-term EUR million, final Q2/16 11 179,4 10 458,3
- Deposits EUR million, final Q2/16 0,0 0,0
- Debt securities EUR million, final Q2/16 1 311,0 815,3
- Loans EUR million, final Q2/16 9 829,2 9 613,7
- Trade credits and advances EUR million, final Q2/16 12,8 12,8
- Other accounts payable EUR million, final Q2/16 26,4 16,5
*Gross external debt EUR million, final Q2/16 141 394,6 140 491,7
** Short term EUR million, final Q2/16 14 017,2 13 652,0
** Long term EUR million, final Q2/16 65 472,7 66 787,9
** Direct investment (intercompany) debt liabilities EUR million, final Q2/16 61 904,8 60 051,9
** Denominated in foreign currencies EUR million, final Q2/16 107 568,0 106 698,9
** Denominated in Forints EUR million, final Q2/16 33 590,0 32 918,7
Exchange rates For daily data please click on:
http://english.mnb.hu
http://arfolyam.iridium.hu/
Magyar Nemzeti Bank
* Euro HUF per 1 Euro (monthly average) Aug/16 310,36 314,51
* US Dollar HUF per 1 USD (monthly average) Aug/16 276,91 284,24

Population

SDDS data category and component Unit description Observations More info
Period of latest data Latest data Data for previous period % change from same period last year
Population persons, thousand Dec/2015 9 823 9 849 www.ksh.hu/first_release

Non-SDDS Data

SDDS data category and component Unit description Observations More info
Period of latest data Latest data Data for previous period % change from same period last year
Balance of payments
* Non-debt creating financing, net assets EUR million, final Q2/16 1605,2 1568,7 Magyar Nemzeti Bank

FOOTNOTES:

1) Claims on central government.

2) Claims on banks, non-bank financial institutions and non-financial institutions - private and public.

3) Gold is valued at the spot price announced on the Reuters page EFX=prevailing at 11 a.m. CET on the reference date at the end of each month.