Rising GDP in Hungary, KSH Confirms
- 2 Sep 2026 7:01 AM
Hungary's GDP rose 1.7pc in the second quarter from the same period a year earlier, the Central Statistics Office (KSH) confirmed in a second reading of data released on Tuesday.
Growth was the same when adjusted for seasonal and calendar year effects.
On the production side, services lifted headline GDP growth by 1.1pp, including a 0.5pp contribution by professional, scientific, technical and administrative activities, while industry added 0.7pp and the balance of taxes and subsidies on products 0.2pp to growth.
The impact of the construction sector was neutral and the farm sector shaved 0.3pp off growth.
On the consumption side, final consumption contributed 2.8pp to GDP and gross capital formation added 1.9pp, but the trade balance dragged the headline figure down by 2.9pp.
In a quarter-on-quarter comparison, seasonally- and calendar year-adjusted GDP rose 0.5pc.
In a comment on the fresh data, ING Bank chief analyst Peter Virovacz said the lender put full-year GDP growth at 1.7pc.
Consumption is likely to be the engine of growth, while investments could show a moderate expansion, if Hungary's European Union funding can be put to use, he added.
Virovacz said net exports could weigh on GDP because of the negative impact of energy imports in the third quarter, while output of the Paks nuclear power plant was scaled back.
Full report available here
Source: MTI – Hungary’s national news agency since 1881.
MTI photo
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