Source
Central bank

Magyar Nemzeti Bank (Central Bank of Hungary)

International Reserves

USD 25.8 billion (2016)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 118.0 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 280.1 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
3.8% 0.4% 0.8% -6.6% 0.7% 1.8% -1.7%
2013 2014 2015 2016* 2017*    
1.9% 3.7% 2.9% 2% 2.5%    

*Estimate

GDP per capita - current prices

USD 12,022.8 (2017, estimate)

GDP per capita - PPP

Intl$ 28,536.2 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.53% 0.43% 0.30% 0.25% 0.2%

*Forecast

 
 
Source
GDP - composition by sector
  • agriculture: 3.5% 
  • industry: 31.8% 
  • services: 64.7%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

1.4% (2014)

OECD, data retrieved January 2017

 

Inflation
2013 2014 2015 2016* 2017*
1.7% -0.2% -0.1% 0.4% 1.9%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
10.2% 7.8% 6.8% 6.0% 5.8%

*Estimate

Household saving rates

4.3% (Total, 2015)

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
76.8% 76.2% 75.3% 75.3% 75.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-2.5% -2.3% -2% -2% -2.7%

*Estimate

Government bond ratings

Standard & Poor's: BBB-

Moody's: Baa3

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
USD 19.8 billion USD 14.5 billion USD 17.7 billion
Largest companies

MOL Hungarian Oil, OTP Bank

 
 
Source
Current account balance

USD 5.4 billion (2017 estimate)

Current account balance by percentage of GDP

4.6% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

90.7% (2015)

Shares in world total merchandising export

0.6% (2015)

Shares in world total commercial services export

0.5% (2015)

Total exports

USD 91.8 billion (2016 estimate)

Export commodities

Machinery and equipment 53.5%, other manufactures 31.2%, food products 8.7%, raw materials 3.4%, fuels and electricity 3.9% (2012 estimate)

Total imports

USD 86.6 billion (2016 estimate)

 
 
Source
Import commodities

Machinery and equipment 45.4%, other manufactures 34.3%, fuels and electricity 12.6%, food products 5.3%, raw materials 2.5% (2012)

Exports - major partners

Germany 28%, Romania 5.4%, Slovakia 5.1%, Austria 5%, Italy 4.8%, France 4.7%, UK 4%, Czech Republic 4% (2015)

Imports - major partners

Germany 25.8%, China 6.7%, Austria 6.6%, Poland 5.5%, Slovakia 5.3%, France 5%, Czech Republic 4.8%, Netherlands 4.6%, Italy 4.5% (2015)

FDI inflows
2013 2014 2015
USD 3,404 million USD 7,490 million USD 1,270 million
FDI outflows
2013 2014 2015
USD 1,869 million USD 3,521 million USD 1,533 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD -6.7 million N/A USD -30.7 million USD 38.0 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 41 out of 190 countries (2017)

Subcategories:

Starting a business: 75 out of 190 countries

Enforcing Contracts: 8 out of 190 countries

Registering Property: 28 out of 190 countries

Getting Credit: 20 out of 190 countries

Protecting Minority Investors: 81 out of 190 countries

Trading Across Borders: 1 out of 190 countries

Paying Taxes: 77 out of 190 countries

Dealing with Construction Permits: 69 out of 190 countries

Getting Electricity: 121 out of 190 countries

Resolving Insolvency: 63 out of 190 countries

Global competitiveness ranking

69 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 58 / Score: 66.01 (Moderately free) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+1

Total area

93,028 sq km

Capital

Budapest 

Currency

forints (HUF)

Government type

parliamentary democracy 

Languages

Hungarian 84.6%, other or unspecified 16.4% (2011 est.)

Religions

Roman Catholic 37.2%, Calvinist 11.6%, Lutheran 2.2%, Greek Catholic 1.8%, other 1.9%, none 18.2%, unspecified 27.2% (2011 est.)

Total population
1990 2000 2010 2014* 2019**
10.375 million 10.222 million 10.014 million 9.859 million 9.761 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
55.9% 64% 65% 70%
Population median age

41.1 years (2014 estimate)

Population growth rate

-0.21% (2014 est.)

Life expectancy

75.46 years (2014 estimate)

Adult literacy

99% (2011 estimate)

% of population living on less than $2 a day

0.2% (2011)

Inequality of wealth distribution (Gini index)

28.9 (2011)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 1
Civil Liberties: 2 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 29.9%   Mobile 116.4%

(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

 

Internet users as % of total population

72.64% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Budapest: 135th (2014)

CO2 emissions(Metric tons of CO2 per capita)

5.1 (2010)

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