GDP up 1.7% y.o.y. in Q1
Photo by Feng Yu / Shutterstock.com
Hungary’s gross domestic product was 1.1% higher according to raw data and 1.7% higher according to seasonally and calendar-adjusted and reconciled data in the Q1 2024 than the value in the corresponding period of the previous year, according to the Central Statistical Office (KSH).
The main contributors to the increase in economic performance were market services, within which mainly real estate activities as well as information and communication served as growth drivers.
The economic growth was lowered by a decrease in the value added of the industry, representing a large weight in the economy as a whole, KSH noted.
Compared to the previous quarter, the economic performance was up by 0.8% according to seasonally and calendar-adjusted and reconciled data.
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