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 4th quarter of 2020 the volume of investments increased, by 2.5% compared to the same period of the previous year and by 4.8% compared to the previous quarter (seasonally adjusted), following the decline measured in the first three quarters of the year. The recovery of investment was caused primarily by the increasing activity of the general government and that of the households, while the enterprises continued to reduce their developments. In 2020, as a whole, investment volume decreased by 3.8%, compared to the record-high base of the previous year.

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.