The Hungarian economy grew by 1.2 percent last year, the Central Statistical Office said on Tuesday.
This follows a drop of 6.7 percent in 2009. The economy grew by 0.2 percent in the last quarter compared with the previous quarter, according to preliminary data, a slow-down from the 0.6 percent growth seen in the third quarter.
Compared with the same period of the previous year, growth was 1.8 percent, according to seasonally adjusted data.
Peter Szabo, an analyst at KSH bank, told MTI, the state news agency, that growth was primarily export-led, thanks to strong manufacturing production, but that internal demand continued to be weak.
Hungary, due to its weak finances, suffered a bigger decline in output during the 2008-2009 economic crisis than most European Union countries, and had to be bailed out by the EU and the International Monetary Fund.
Budget deficit has since been trimmed back to 3.8 percent of GDP in 2010.