Investment

In the second quarter of 2020 the national economy’s investments further decreased, the volume of developments lagged 9.9% behind, compared to the same period of the previous year. Most sections of the national economy contributed to this trend. The investments of the budgetary units declined in a larger degree than the developments of the enterprises. In the case of the former mostly the shrinking performance value of the EU projects, at the latter mainly the unfavourably changing economic environment caused the reduced activity.

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.

In 2018, the Hungarian economy performed 4.9% better compared to the previous year. In parallel with economic growth, the labour market continued to expand dynamically. An important pillar of GDP growth was the improvement in the willingness of economic stakeholders to invest and the use of EU funds. In 2018, among factors influencing population number, the number of births declined faster than that of deaths. So the natural decline of the population continued. The total fertility rate was the same as in 2017, and the inclination to have children was significantly above the 2011 low.