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Gross domestic product (GDP) rose by 1.7% year-on-year in Q1 2026, based on both unadjusted and seasonally and calendar-adjusted figures.
On a quarterly basis, the economy expanded by 0.8%, signaling a steady, if not particularly strong, upward trajectory.
The services sector remained the key engine of growth, with professional, scientific, technical, and administrative activities playing a particularly prominent role. This suggests continued resilience in higher value-added segments of the economy, even amid a mixed external environment.
In a notable shift, industrial output also contributed positively to GDP growth after an extended period of weakness.
The International Monetary Fund (IMF) projected Hungary’s GDP growth will reach 1.7% in 2026 in its latest World Economic Outlook, released this month.
The IMF sees economic growth picking up to 2% in 2027.
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