According to the latest data by the Hungarian Central Statistical Office (KSH), in Q3 2016 Hungary’s GDP grew by 2.0 percent in comparison to the corresponding period of the previous year. The main drivers of growth were the market services and agricultural sectors. Between 2011 and 2015, gross value added produced within the agricultural sector was up by 6.6 percent, HUF 72.83bn, and the number of people employed in the agriculture, forestry and fishing industries gained 10.1 percent, or 18 600. As a parallel development, the sector’s main trade indicator, which gauges the sales volume of Hungarian food, beverages and tobacco products abroad, showed robust trade surpluses in the observed period.

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(Ministry for National Economy)