Hungary: Economic and Financial Data

Date of last update: 5 March 2021

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 Q4/20 13 534,6 12 234,9
** Household final consumption expenditure HUF billion Q4/20 5 977,9 5 586,6
** Social transfer in kind from government HUF billion Q4/20 1 401,6 1 125,4
** Social transfer in kind from NPISHs HUF billion Q4/20 261,6 252,3
** Actual final consumption of households HUF billion Q4/20 7 641,1 6 964,3
** Actual final consumption of government HUF billion Q4/20 1 480,0 1 182,0
** Actual final consumption, total HUF billion Q4/20 9 121,1 8 146,3
** Gross fixed capital formation HUF billion Q4/20 3 937,1 3 594,0
** Exports HUF billion Q4/20 10 532,7 9 855,8
** Imports HUF billion Q4/20 10 196,0 9 385,1
** External balance of goods and services HUF billion Q4/20 336,7 470,7
** Changes in inventories HUF billion Q4/20 113,8 1,8
* GDP at constant prices HUF billion at 2015 prices Q4/20 10 616,0 10 106,9 -3,6 www.ksh.hu/stadat
www.ksh.hu/stadat
** Household final consumption expenditure HUF billion Q4/20 5 138,9 4 757,3 -3,4
** Social transfer in kind from government HUF billion Q4/20 949,6 873,6 -8,5
** Social transfer in kind from NPISHs HUF billion Q4/20 213,1 199,2 0,2
** Actual final consumption of households HUF billion Q4/20 6 297,0 5 825,4 -4,2
** Actual final consumption of government HUF billion Q4/20 1 095,9 926,2 6,2
** Actual final consumption, total HUF billion Q4/20 7 401,1 6 752,3 -2,7
** Gross fixed capital formation HUF billion Q4/20 2 933,8 2 794,5 1,2
** Exports HUF billion Q4/20 9 523,6 9 098,3 1,7
** Imports HUF billion Q4/20 9 288,2 8 799,3 0,9
** External balance of goods and services HUF billion Q4/20 n.d. n.d. n.d.
** Changes in inventories HUF billion Q4/20 n.d. n.d. n.d.
Production index
* Volume of gross industrial output seasonally and working-days adjusted, 2015 monthly average = 100,0 Jan/21 114,2 114,0 -2,8 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 Nov/20-Jan/21 4 601,0 4 622,6 www.ksh.hu/first_release
www.ksh.hu/stadat
* Unemployment persons, thousand final Nov/20-Jan/21 208,9 195,4 www.ksh.hu/first_release
www.ksh.hu/stadat
% of labor force Nov/20-Jan/21 4,3 4,1
* Wages/earnings average monthly gross earnings in HUF Dec/20 449 442 438 246 10,6 www.ksh.hu/first_release
www.ksh.hu/stadat
Price indices
* Consumer prices December previous year=100,0 final Jan/21 100,9 102,7 www.ksh.hu/first_release
www.ksh.hu/stadat
* Producer prices December previous year=100,0 final Jan/21 100,7 106,8 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 of Finance
* Total revenues HUF million 2019 20 273 630 18 455 638 9,9 Data refers to audited cash based final fiscal accounts data approved by the Parliament and used as working balance for compilation 2016 October EDP Notification. Data are consolidated and include local government data as well.
* Total expenditures HUF million 2019 21 477 857 19 657 744 9,3
* General government surplus/deficit HUF million 2019 -1 204 228 -1 202 106 0,2
* Total financing HUF million 2019 1 204 228 1 202 106 0,2
** Foreign debt financing HUF million 2019 -549 156 -90 263 508,4
** Domestic debt financing HUF million 2019 1 455 025 2 022 361 -28,1
*** Bonds HUF million 2019 441 100 1 045 053 -57,8
*** Treasury bills HUF million 2019 978 286 911 001 7,4
*** Loans HUF million 2019 35 639 66 307 -46,3
** Other financing HUF million 2019 298 359 -729 991 -140,9
Central government operations Ministry of Finance
* Total revenues HUF million Jan/21 2 254 870 3 006 315 9,9
* Total expenditures HUF million Jan/21 2 056 085 5 256 798 4,8
* Central government surplus/deficit HUF million Jan/21 198 785 -2 250 483 119,8
* Total financing HUF million Jan/21 -198 785 2 250 483 119,8
** Foreign debt financing HUF million Jan/21 -4 784 248 925 -99,0
** Domestic debt financing HUF million Jan/21 -127 704 1 250 050 -143,9
*** Bonds HUF million Jan/21 -212 969 1 135 608 -295,1
*** Treasury bills HUF million Jan/21 85 265 114 442 -53,1
*** Loans HUF million Jan/21 0 0 0,0
** Other financing HUF million Jan/21 -66 297 751 508 -170,8
Central government debt Government Debt Management Agency Pte. Ltd.
*** Total domestic currency debt HUF billion Q4/20 29 237 27 009
- short-term HUF billion Q4/20 1 959 2 114
- long-term HUF billion Q4/20 27 278 24 895
**** Loans HUF billion Q4/20 1 162 1 162
**** Government securities HUF billion Q4/20 28 076 25 848
*** Total foreign currency debt HUF billion Q4/20 7 318 6 276
- short-term HUF billion Q4/20 0 0
- long-term HUF billion Q4/20 7 318 6 276
**** Loans HUF billion Q4/20 1 291 1 034
**** Government securities HUF billion Q4/20 6 027 5 243
** Total outstanding debt HUF billion Q4/20 36 556 33 286
**Mark-to-market deposits placed at AKK and other liabilities HUF billion Q4/20 129 209
*Grand total central government debt HUF billion Q4/20 36 684 33 495
** Guaranteed debt HUF billion Q4/20 n.d. 5 206 Not available yet for 31/12/2020

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 Jan/21 29 235,0 30 121,0
** M2 HUF billion Jan/21 32 933,8 33 441,5
** M3 HUF billion Jan/21 32 990,4 33 508,2
** Loans to residents HUF billion Jan/21 19 586,9 20 392,0
** Loans to general government HUF billion Jan/21 519,5 1 299,8
** Loans to other residents HUF billion Jan/21 19 067,4 19 092,2
** Net external assets HUF billion Jan/21 1 361,9 2 524,8
Analytical accounts of the central bank Magyar Nemzeti Bank
* Monetary base HUF billion Jan/21 9 473,1 9 279,6
* Loans to general government1 HUF billion Jan/21 0,0 0,0 In the case of the MNB it means only central government.
* Loans to other residents2 HUF billion Jan/21 4 626,9 4 462,0
* Net external assets HUF billion Jan/21 10 906,9 9 813,1
Interest rates
* Base rate of the NBH % per annum Jul/20 0,60 0,75 For daily data please click on:
Magyar Nemzeti Bank
* Overnight interbank lending rate % per annum Jan/21 0,46 0,40 Magyar Nemzeti Bank
* 1 month interbank lending rate % per annum Jan/21 0,75 0,75
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 Jan/21 2,61 2,58
* Short-term deposit rates % per annum Jan/21 0,56 0,52
Household Magyar Nemzeti Bank
* Lending rates % per annum Jan/21 6,70 6,38 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 Jan/21 0,02 0,02
Financial soundness indicators http://fsi.imf.org
Stock market index (SPI) BUX
02/01/1991=1000
Jan/21 43 502,28 42 047,59 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 Q3/20 807,0 -644,6
** Exports of goods and services EUR million, final Q3/20 27 741,8 22 247,3
** Imports of goods and services EUR million, final Q3/20 26 312,7 22 230,5
** Primary income, net EUR million, final Q3/20 -578,7 -425,7
** Secondary income, net EUR million, final Q3/20 -43,4 -235,7
* Capital account, net EUR million, final Q3/20 931,8 657,2
* Financial account, net assets EUR million, final Q3/20 395,9 -1 103,9
**Direct investment, net assets EUR million, final Q3/20 -198,0 -431,1
**Portfolio investment, net assets EUR million, final Q3/20 -149,2 -2 492,0
** Financial derivatives (other than reserves), net assets EUR million, final Q3/20 -399,4 170,3
**Other investment, net assets EUR million, final Q3/20 -1 258,7 -2 834,0
* Reserve assets EUR million, final Q3/20 2 401,3 4 482,9
International reserves Magyar Nemzeti Bank
* Total reserve assets USD million Feb/21 40 235 40 287 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 ÁKK (Government Debt Management Agency) and the MÁK (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 ÁKK 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 Feb/21 37 838 37 962
** Monetary gold USD million Feb/21 1 786 1 875
**SDRs USD million Feb/21 4 4
**Reserve position in the IMF USD million Feb/21 433 431
**Other reserve assets (other claims) USD million Feb/21 175 16
International reserves and foreign currency liquidity EUR million Jan/21 Magyar Nemzeti Bank
Merchandise trade www.ksh.hu/stadat
* Total exports USD million, f.o.b. Dec/20 10 184 12 116 22,0
* Total imports USD million, c.i.f. Dec/20 9 791 11 127 18,8
International investment position Magyar Nemzeti Bank
* Assets EUR million, final Q3/20 378 135,7 374 801,1
** Direct investment EUR million, final Q3/20 297 582,6 295 787,2
** Portfolio investment EUR million, final Q3/20 11 774,6 11 703,7
- equity and investment fund shares EUR million, final Q3/20 8 218,6 7 939,6
- debt securities EUR million, final Q3/20 3 556,1 3 764,0
** Financial derivatives EUR million, final Q3/20 2 623,1 3 385,3
** Other investment (assests) EUR million, final Q3/20 33 943,0 33 732,2
- short-term EUR million, final Q3/20 23 776,2 22 894,0
- long-term EUR million, final Q3/20 9 623,0 10 294,8
** Reserve assets EUR million, final Q3/20 32 212,3 30 192,8
* Liabilities EUR million, final Q3/20 428 097,4 427 523,9
** Direct investment EUR million, final Q3/20 337 609,9 336 579,2
** Portfolio investment EUR million, final Q3/20 40 989,8 42 514,7
- equity and investment fund shares EUR million, final Q3/20 10 346,2 11 960,4
- debt securities EUR million, final Q3/20 30 643,6 30 554,3
** Financial derivatives EUR million, final Q3/20 2 753,0 2 872,9
** Other investment (liabilities) EUR million, final Q3/20 46 744,6 45 557,2
- short-term EUR million, final Q3/20 17 165,8 15 018,7
- long-term EUR million, final Q3/20 29 561,5 30 520,8
Gross external debt Magyar Nemzeti Bank
* Direct investment: Debt instruments EUR million, final Q3/20 108 771,6 108 560,4
** In direct investment enterprises EUR million, final Q3/20 27 275,3 26 723,7
** In direct investor (reverse investment) EUR million, final Q3/20 3 241,6 3 110,8
*** Between fellow enterprises EUR million, final Q3/20 78 254,7 78 726,0
* Other debt EUR million, final Q3/20 77 370,8 76 093,8
** Central bank (S.121) EUR million, final Q3/20 7 100,7 4 393,8
*** Short-term EUR million, final Q3/20 5 909,5 3 174,8
- Deposits EUR million, final Q3/20 2 805,5 3 174,8
- Debt securities EUR million, final Q3/20 0,0 0,0
- Loans EUR million, final Q3/20 3 104,0 0,0
- Trade credits and advances EUR million, final Q3/20 0,0 0,0
- Other accounts payable EUR million, final Q3/20 0,0 0,0
*** Long-term EUR million, final Q3/20 1 191,2 1 219,0
- Deposits EUR million, final Q3/20 0,0 0,0
- Debt securities EUR million, final Q3/20 0,0 0,0
- Loans EUR million, final Q3/20 0,0 0,0
- Trade credits and advances EUR million, final Q3/20 0,0 0,0
- Other accounts payable EUR million, final Q3/20 0,0 0,0
- SDRs EUR million, final Q3/20 1 191,2 1 219,0
** Other MFIs (S.12T) EUR million, final Q3/20 17 028,0 18 577,8
*** Short-term EUR million, final Q3/20 4 597,5 5 364,6
- Deposits EUR million, final Q3/20 4 268,4 4 665,7
- Debt securities EUR million, final Q3/20 0,0 0,0
- Loans EUR million, final Q3/20 255,1 553,2
- Trade credits and advances EUR million, final Q3/20 11,7 5,7
- Other accounts payable EUR million, final Q3/20 62,2 140,0
*** Long-term EUR million, final Q3/20 12 430,5 13 213,2
- Deposits EUR million, final Q3/20 6 800,3 7 332,9
- Debt securities EUR million, final Q3/20 2 133,2 2 222,2
- Loans EUR million, final Q3/20 3 497,1 3 658,1
- Trade credits and advances EUR million, final Q3/20 0,0 0,0
- Other accounts payable EUR million, final Q3/20 0,0 0,0
*** Deposit-taking corporations except the central bank (S.122) EUR million, final Q3/20 17 028,0 18 577,8
**** Short-term EUR million, final Q3/20 4 597,5 5 364,6
- Deposits EUR million, final Q3/20 4 268,4 4 665,7
- Debt securities EUR million, final Q3/20 0,0 0,0
- Loans EUR million, final Q3/20 255,1 553,2
- Trade credits and advances EUR million, final Q3/20 11,7 5,7
- Other accounts payable EUR million, final Q3/20 62,2 140,0
**** Long-term EUR million, final Q3/20 12 430,5 13 213,2
- Deposits EUR million, final Q3/20 6 800,3 7 332,9
- Debt securities EUR million, final Q3/20 2 133,2 2 222,2
- Loans EUR million, final Q3/20 3 497,1 3 658,1
- Trade credits and advances EUR million, final Q3/20 0,0 0,0
- Other accounts payable EUR million, final Q3/20 0,0 0,0
*** Money market funds (S.123) EUR million, final Q3/20 0,0 0,0
**** Short-term EUR million, final Q3/20 0,0 0,0
- Deposits EUR million, final Q3/20 0,0 0,0
- Debt securities EUR million, final Q3/20 0,0 0,0
- Loans EUR million, final Q3/20 0,0 0,0
- Trade credits and advances EUR million, final Q3/20 0,0 0,0
- Other accounts payable EUR million, final Q3/20 0,0 0,0
**** Long-term EUR million, final Q3/20 0,0 0,0
- Deposits EUR million, final Q3/20 0,0 0,0
- Debt securities EUR million, final Q3/20 0,0 0,0
- Loans EUR million, final Q3/20 0,0 0,0
- Trade credits and advances EUR million, final Q3/20 0,0 0,0
- Other accounts payable EUR million, final Q3/20 0,0 0,0
** General government (S.13) EUR million, final Q3/20 34 986,8 34 771,2
*** Short-term EUR million, final Q3/20 778,1 891,8
- Deposits EUR million, final Q3/20 0,0 0,0
- Debt securities EUR million, final Q3/20 87,9 88,1
- Loans EUR million, final Q3/20 573,2 705,1
- Trade credits and advances EUR million, final Q3/20 10,0 9,9
- Other accounts payable EUR million, final Q3/20 107,1 88,7
*** Long-term EUR million, final Q3/20 34 208,7 33 879,3
- Deposits EUR million, final Q3/20 0,0 0,0
- Debt securities EUR million, final Q3/20 27 418,2 27 292,4
- Loans EUR million, final Q3/20 6 395,0 6 340,0
- Trade credits and advances EUR million, final Q3/20 0,0 0,0
- Other accounts payable EUR million, final Q3/20 395,5 247,0
- SDRs EUR million, final Q3/20 0,0 0,0
** Other sectors (S.1P) EUR million, final Q3/20 18 255,4 18 351,0
*** Short-term EUR million, final Q3/20 5 972,7 5 679,7
- Deposits EUR million, final Q3/20 0,0 0,0
- Debt securities EUR million, final Q3/20 4,1 4,2
- Loans EUR million, final Q3/20 756,0 700,4
- Trade credits and advances EUR million, final Q3/20 4 730,8 4 471,1
- Other accounts payable EUR million, final Q3/20 481,7 504,1
*** Long-term EUR million, final Q3/20 12 282,7 12 671,3
- Deposits EUR million, final Q3/20 0,0 0,0
- Debt securities EUR million, final Q3/20 1 000,3 947,5
- Loans EUR million, final Q3/20 11 166,5 11 604,8
- Trade credits and advances EUR million, final Q3/20 1,4 1,4
- Other accounts payable EUR million, final Q3/20 114,6 117,6
*** Financial corporations other than MFIs (S.12M) EUR million, final Q3/20 2 452,9 2 444,7
**** Short-term EUR million, final Q3/20 611,9 639,0
- Deposits EUR million, final Q3/20 0,0 0,0
- Debt securities EUR million, final Q3/20 0,0 0,0
- Loans EUR million, final Q3/20 485,3 495,0
- Trade credits and advances EUR million, final Q3/20 3,1 8,5
- Other accounts payable EUR million, final Q3/20 123,4 135,4
**** Long-term EUR million, final Q3/20 1 841,0 1 805,7
- Deposits EUR million, final Q3/20 0,0 0,0
- Debt securities EUR million, final Q3/20 211,2 211,9
- Loans EUR million, final Q3/20 1 524,2 1 485,1
- Trade credits and advances EUR million, final Q3/20 0,0 0,0
- Other accounts payable EUR million, final Q3/20 105,6 108,7
*** Non-financial corporations, households, and non-profit institutions serving households (S.1V) EUR million, final Q3/20 15 802,5 15 906,3
**** Short-term EUR million, final Q3/20 5 360,8 5 040,8
- Deposits EUR million, final Q3/20 0,0 0,0
- Debt securities EUR million, final Q3/20 4,1 4,2
- Loans EUR million, final Q3/20 270,7 205,4
- Trade credits and advances EUR million, final Q3/20 4 727,7 4 462,5
- Other accounts payable EUR million, final Q3/20 358,3 368,7
**** Long-term EUR million, final Q3/20 10 441,7 10 865,6
- Deposits EUR million, final Q3/20 0,0 0,0
- Debt securities EUR million, final Q3/20 789,1 735,6
- Loans EUR million, final Q3/20 9 642,3 10 119,6
- Trade credits and advances EUR million, final Q3/20 1,4 1,4
- Other accounts payable EUR million, final Q3/20 8,9 8,9
*Gross external debt EUR million, final Q3/20 186 142,4 184 654,2
** Short term EUR million, final Q3/20 17 257,7 15 111,0
** Long term EUR million, final Q3/20 60 113,1 60 982,8
** Direct investment (intercompany) debt liabilities EUR million, final Q3/20 108 771,6 108 560,4
** Denominated in foreign currencies EUR million, final Q3/20 155 389,1 152 876,1
** Denominated in Forints EUR million, final Q3/20 30 753,4 31 778,1
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) Feb/21 358,18 359,05
* US Dollar HUF per 1 USD (monthly average) Feb/21 296,05 294,93

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 Jan/21 9 730 9 770 www.ksh.hu/stadat

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 Q3/20 -499,3 -5 423,5 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.