In 4th quarter 2023, economic performance stagnates, changing neither compared to previous quarter1 nor to 4th quarter 20222
Hungary’s gross domestic product was unchanged according to raw data and increased by 0.4% according to seasonally and calendar adjusted and reconciled data in the 4th quarter of 2023 compared to the corresponding period of the previous year. Compared to the previous quarter, the economic performance was unchanged, too, according to seasonally and calendar adjusted and reconciled data.
The economic performance was unchanged according to raw data and was 0.4% higher according to seasonally and calendar adjusted and reconciled data in the 4th quarter of 2023 than in the same period of the previous year.3
The economic performance rose mostly in sections agriculture, human health and social work activities and information and communication. The falls in industry, construction and some market services, mainly wholesale and retail trade, offset the growth.
Compared to the previous quarter, the performance of the economy was unchanged.
Gross domestic product was 0.9% lower in 2023 according to raw data and 0.8% lower according to seasonally and calendar adjusted and reconciled data than in the previous year.
Volume indices of GDP
(corresponding period of previous year = 100.0)
(%)
| Year | Unadjusted, raw data | Calendar-adjusted data | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| quarter(s) | quarter(s) | |||||||||||||
| I | II | III | IV | I–II | I–III | I–IV | I | II | III | IV | I–II | I–III | I–IV | |
| 2020 | 102.1 | 87.2 | 95.8 | 97.2 | 94.3 | 94.8 | 95.5 | 101.9 | 87.2 | 95.8 | 96.8 | 94.2 | 94.7 | 95.3 |
| 2021 | 97.7 | 117.7 | 106.2 | 107.4 | 107.4 | 107.0 | 107.1 | 98.0 | 117.5 | 106.2 | 107.2 | 107.4 | 107.0 | 107.0 |
| 2022 | 107.9 | 106.7 | 104.3 | 100.2 | 107.3 | 106.2 | 104.6 | 107.7 | 106.7 | 104.1 | 100.6 | 107.1 | 106.1 | 104.6 |
| 2023 | 99.1 | 97.6 | 99.6 | 100.0 | 98.3 | 98.8 | 99.1 | 98.9 | 97.8 | 99.8 | 100.4 | 98.3 | 98.8 | 99.2 |
Seasonally and calendar adjusted and reconciled volume indices of GDP
(corresponding period of previous year = 100.0)
(%)
| Year | Quarter(s) | ||||||
|---|---|---|---|---|---|---|---|
| I | II | III | IV | I–II | I–III | I–IV | |
| 2020 | 101.9 | 86.8 | 95.7 | 96.7 | 94.4 | 94.8 | 95.3 |
| 2021 | 98.2 | 117.5 | 106.5 | 107.4 | 107.1 | 106.9 | 107.0 |
| 2022 | 107.7 | 106.4 | 103.9 | 100.6 | 107.0 | 106.0 | 104.6 |
| 2023 | 98.9 | 97.9 | 99.8 | 100.4 | 98.4 | 98.8 | 99.2 |
Seasonally and calendar adjusted quarterly volume indices of GDP
(previous quarter = 100.0)
(%)
| Year | Quarter | |||
|---|---|---|---|---|
| I | II | III | IV | |
| 2020 | 99.6 | 85.4 | 111.7 | 101.7 |
| 2021 | 101.2 | 102.2 | 101.2 | 102.6 |
| 2022 | 101.4 | 101.0 | 98.9 | 99.3 |
| 2023 | 99.7 | 99.9 | 100.8 | 100.0 |