Source
Central bank

Magyar Nemzeti Bank (Central Bank of Hungary)

International Reserves

USD 31.4 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 155.7 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 311.9 billion (2018, estimate)

Real GDP growth
2007 2008 2009 2010 2011 2012 2013
0.4% 0.9% -6.6% 0.7% 1.7% -1.6% 2.1%
2014 2015 2016 2017 2018*    
4.2% 3.5% 2.3% 4.1% 4.9%    

*Estimate

GDP per capita - current prices

USD 15,923.8 (2018, estimate)

GDP per capita - PPP

Intl$ 31,902.7 (2018, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2019
0.53% 0.43% 0.30% 0.25% 0.23%

*Forecast

 
 
Source
GDP - composition by sector
  • agriculture: 3.6% 
  • industry: 26.3% 
  • services: 54.4%

(2018 estimate)

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

1.3% (2017)

OECD, data retrieved October 2019

 

Inflation
2015 2016 2017 2018* 2019*
-0.1% 0.4% 2.4% 2.8% 3.4%

*Estimate

Unemployment rate
2015 2016 2017 2018* 2019*
6.8% 5.1% 4.2% 3.7% 3.5%

*Estimate

Household saving rates

7.3% (2017)

 

Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018* 2019*
76.7% 76% 73.4% 70.8% 67.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018* 2019*
-1.9% -1.6% -2.2% -2.2% -1.8%

*Estimate

Government bond ratings

Standard & Poor's: BBB

Moody's: Baa3

Standard & Poor's / Moody's 

Market value of publicly traded shares
2016 2017 2018
USD 22.6 billion USD 31.6 billion USD 28.9 billion
Largest companies

OTP Bank, MOL Hungarian Oil

 
 
Source
Current account balance

USD -0.8 billion (2018 estimate)

Current account balance by percentage of GDP

-0.5 % (2018 estimate)

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

86.5% (2018)

Shares in world total merchandising export

0.65% (2018)

Shares in world total commercial services export

0.50% (2018)

Total exports

USD 134.5 billion (2018 estimate)

Export commodities

Machinery and equipment (55.8%), other manufactures (32.7%), food products (6.8%), raw materials (2.4%), fuels and electricity (2.3%) (2017 est.)

Total imports

USD 127.1 billion (2018 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 27.7%, Romania 5.4%, Italy 5.1%, Austria 5%, Slovakia 4.8%, France 4.4%, Czech Republic 4.4%, Poland 4.3% (2017)

Imports - major partners

Germany 26.2%, Austria 6.3%, China 5.9%, Poland 5.5%, Slovakia 5.3%, Netherlands 5%, Czech Republic 4.8%, Italy 4.7%, France 4% (2017)

FDI inflows
2016 2017 2018
USD -5,753 million USD 3,261 million USD 6,389 million
FDI outflows
2016 2017 2018
USD -8,303 million USD 1,119 million USD 1,991 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
USD 38 million USD -94 million USD 103 million N/A
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:

52 out of 190 countries

Subcategories:
Starting a Business: 87 out of 190 countries
Dealing with Construction Permits: 108 out of 190 countries
Getting Electricity: 125 out of 190 countries
Registering Property: 29 out of 190 countries
Getting Credit: 37 out of 190 countries
Protecting Minority Investors: 97 out of 190 countries
Paying Taxes: 56 out of 190 countries
Trading across Borders: 1 out of 190 countries
Enforcing Contracts: 25 out of 190 countries
Resolving Insolvency: 66 out of 190 countries

Global competitiveness ranking

47 out of 141 countries

(2019)

Index of Economic Freedom

Ranking: 64 / Score: 65 (Moderately free)

(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 republic

Languages

Hungarian (official) 99.6%, English 16%, German 11.2%, Russian 1.6%, Romanian 1.3%, French 1.2%, other 4.2% (2011 est.)

Religions

Roman Catholic 37.2%, Calvinist 11.6%, Lutheran 2.2%, Greek Catholic 1.8%, other 1.9%, none 18.2%, no response 27.2% (2011 est.)

Total population
1990 2000 2010 2015 2020*
10.38 million 10.22 million 10.01 million 9.86 million 9.74 million

*Estimate 

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
55.9% 64.2% 64.6% 71.4%
Population median age

42.7years 

Population growth rate

-0.26% (2018 estimate)

Life expectancy

76.3 years (2018 estimate)

Literacy

Total population: 99.1% 
Male: 99.1% 
Female: 99%
Definition: age 15 and over can read and write (2015 est.)

% of population living on less than $3.10 a day

1% (last available estimate, 2015)

Inequality of wealth distribution (Gini index)

30.4 (last available estimate, 2015)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Partly Free
Political Rights: 3
Civil Liberties: 3 (2019)
(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed: 31.1%

Mobile: 103.4%

(2018)

(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

76.07 % (2018)

Mercer Cost of living index

Budapest: 164th (2019)

CO2 emissions

4.27 metric tons per capita (2014)

World's Best Developed & Emerging Markets Banks

World's Best Internet Banks

The Innovators

World's Best Subcustodian Banks

World’s Best Investment Banks

World’s Best Foreign Exchange Providers

World's Best Banks By Region

World's Best Banks

2013

World’s Best Trade Finance Banks

Best of…

World's Biggest Banks

Additional Awards