Economic performance 1.7% higher in 1st quarter 2024 than in same period of previous year1
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 1st quarter of 2024 than the value in the corresponding period of the previous year. Compared to the previous quarter, the economic performance was up by 0.8% according to seasonally and calendar adjusted and reconciled data.
The main contributors to the increase in the economic performance were market services, within which mainly real estate activities as well as information and communication. The economic growth was lowered by a decrease in the value added of industry, representing a large weight in the economy as a whole.