National accounts are a system of macro-economic statistical accounts, summarising the economic activities of a particular country, which compares resources with their uses. The data, produced according to the methodology of the European system of national accounts (ESA), are suitable for international comparison, too. The best known and mostly used indicator of the system of accounts is gross domestic product (GDP), the level and volume change of which are key indicators to evaluate the level of development and growth of the economy.
GDP volume change
Change in volume of GDP compared to the same period of the previous year. The volume figure published here is unadjusted.
Gross national income (GNI) divided by gross domestic product (GDP). GNI can be derived from GDP. If the value of GNI exceeds that of GDP, then more income flows from abroad to the country than from the country abroad, while in the other way round income outflow occurs.
The volume of gross domestic product was 4.5% higher in Hungary in the 4th quarter of 2019 than in the corresponding period of the previous year. Market-based services contributed to the growth to a greater, industry and construction to a lesser extent. According to seasonally and calendar adjusted and reconciled data the performance of the economy was up by 4.6% compared to the corresponding quarter of the previous year and by 1.0% compared to the previous quarter. In 2019, GDP rose by 4.9% compared to a year earlier.
In the 1st-3rd quarters of 2019 the performance increase of the Hungarian economy continued. The growth was a result on one hand of the performance of the industry, construction and certain service divisions (e.g. commerce, tourism), on the other hand of the strengthening of the consumer and investment activity. Beside the price level increase real earnings surpassed the previous year’s level. Due to fewer live births and basically unchanged death numbers natural decrease was higher than in the 1st-3rd quarters of 2018.
The yearbook presents the demographic, socio-economic trends and the characteristics of the environment, as well as their changes over time in Hungary. The main indicators are illustrated in time series or regional comparisons by charts and maps; the interactive versions of these are available on our website. Spatial disparities among counties and regions as well as international indicators are presented in separate chapters. The volume appears with an internet annex containing the publication in PDF format, all tables in Excel format suitable for further processing as well as the Glossary also in Excel format.
The volume of Hungary’s gross domestic product (GDP) was 5.1% higher in 2018 than a year earlier, its value per capita approximated HUF 4.4 million. The deficit of the general government sector corresponded to 2.3% of GDP in 2018. In addition to preliminary data for 2018, final data for 2017, as well as data for former years revised due to international or domestic methodological changes and due to newly used data sources are also included in our publication.
Every year the pocketbook is the first detailed publication comprising all themes, which provides information on socio-economic processes in the previous year according to preliminary data. Its regional chapter presents the different regions, while its international chapter allows for comparisons of major data primarily on member states of the European Union. The interpretation of figures is supported by methodological description and while orientation by several charts.