It falls short of the government's plans, but the Hungarian GDP has grown better compared to previous years.

Hungary's GDP grew by 1.5% in Q3 compared to the previous year, with a 0.1% increase from Q2. This marks a slowdown from earlier quarters. The government projected a 2% growth for 2023, while analysts expect lower figures between 1.6% and 1.9%. The agricultural sector faced significant declines due to drought and energy restrictions, impacting overall economic performance. Industrial output increased despite investment declines, surpassing the service sector's contribution to growth. The KSH revised the 2025 GDP data, indicating a 0.7% growth from 2024, complicating this year's growth targets due to a higher base.