Hungary’s GDP growth reached 1.6% in Q4 2016

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Hungary’s GDP growth reached 1.6% in the fourth quarter of last year, compared to Q4 of 2015, according to a first release of data the Central Statistical Office (KSH) published today. In 2016 overall, GDP rose by 2%, the KSH added.

The main contributors to growth in the last quarter’s GDP were market services and agriculture, according to the KSH, while the performance of industry stagnated and construction continued to exert a downward drag. 

The volume of GDP grew by 0.4% compared to the equivalent quarter a year earlier, according to both seasonally and calendar-adjusted data.

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