Hungary’s GDP Grew by 7.1% in 2021

Hungary’s gross domestic product (GDP) grew by 7.1% in 2021 compared to the previous year, the Central Statistical Office (KSH) said on Tuesday. Raw data, unadjusted for seasonal and calendar effects, show an even larger increase of 7.2%.

In the last quarter of the year, growth was 2.1% on a quarterly basis. KSH attributes most of this growth to the service sector.

Compared to 2019, the last year before the pandemic, Hungary’s economic growth increased by 2.1%, official statistics show. [Telex]