Macroeconomic overview

A special report prepared by the National Bank of Hungary and the Ministry of FinanceSound financial environment.

Key economic figures 1993 – 1997
1993 %  1994 %  1995 %  1996 prelim.actual %  1997 proj.  %
Net foreign debt1 38.0 45.4 38.0 c.33 33
Balance of payments1 -8.9 -9.5 -05.3 c.-4 -4.5
Gross budget debt1 88.7 86.0 85.1 c.74 69
General government deficit1 5.5 8.4 6.7 c.3 5
Net household savings1 3.9 6.3 6.5 8-8.5 7.5
GDP2 -0.6 2.9 1.5 0-1 3
Export2 -10.1 13.7 13.4 11-13 9-11
Import2 20.2 8.8 -0.7 6-7 9-11
Investment2 2.0 12.5 -4.3 -(2-4) 11-13
Household consumption2 1.9 -0.2 -7.1 -(3-4) 2
Consumer price index3 22.5 18.8 28.2 23.6 17-19
Unemployment rate3 13.3 11.4 11.1 10.8 10.8
1. As a proportion of GDP
2. Change over the previous year of qualitative data calculated at 1991 prices
3. Average consumer price index and end-of -year unemployment rate

The National Bank of Hungary (NBH), Hungary’s central bank, was established in 1924. Its primary responsibility is to maintain the internal and external purchasing power of the Hungarian currency.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access