FX.co ★ Hungary's GDP Grows by 1.1% in First Quarter of 2024

Hungary's Gross Domestic Product (GDP) showed positive growth in the first quarter of 2024, expanding by 1.1%. This increase comes after the previous indicator was stagnant at 0.0% in the fourth quarter of 2023. The new data, updated on April 30, 2024, reveals a notable rise in economic activity compared to the same period a year ago.

The year-over-year comparison highlights Hungary's steady progress, indicating a positive trend in the country's economic performance. The growth in GDP signals potential opportunities for investment and business development in Hungary, positioning the nation on a path towards further financial stability and prosperity.