Ungarn BIP Veränderung zum Vorjahr

Hungary’s gross domestic product shrank by 0.8% year-on-year in the third quarter of 2024, confirming preliminary estimates and slipping from a 1.5% expansion in the previous three-month period. This marked the first drop in the economy since the third quarter of 2023, mainly dragged down by declines in economic performances from the agriculture (14.9% vs -6.8% in Q2) and industry sector (-4.4% vs -2.5% in Q2), particularly in manufacturing (-6.2% vs -3.1%) and construction (-4% vs 5.3%). Meanwhile, the downturn was partly offset by a good performance in the service sector (1.9% vs 2.2%), mainly from education (3.8% vs 2.2%), and art, entertainment, leisure and other services (5.9% vs 5%). On a seasonally adjusted quarterly basis, the GDP declined by 0.7%, following a 0.2% drop in the previous quarter.