Investment

It is particularly important to present, in addition to our regular and detailed publications, the current situation of the areas most affected by the pandemic with flash estimates using a limited information base. Our WEEKLY MONITOR presents the economic and social impacts of the pandemic through daily, weekly and monthly updated preliminary data as a collection of interactive diagrams.

In the first quarter of 2021, the growth started in the previous quarter continued, with the volume of developments up by 2.5% year-on-year and - seasonally adjusted - by 0.5% compared to the previous quarter. As in the previous quarter, the recovery was again driven by rising activity in general government and households, while business development continued to fall. Manufacturing and infrastructure developments, having a dominant weight, held back, while real estate and commercial investment boosted the economy's performance.

In relation with the coronavirus pandemic the performance of the Hungarian economy decreased by 5.5% in the 1st – 3rd semesters of 2020, this result is replacing the 4-5% growths of the corresponding periods of the previous three years. During the same time the average GDP of the EU-27 states shrunk in a larger degree than the Hungarian one, by 7.0%. The population of Hungary decreased by 29 thousand people between January-October 2020 due to the natural decrease, this number is 5 thousand less year-on-year.