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Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Hungary economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Hungary best banks and safest banks are also available.
Hungary's inflation is soaring and growth is slowing as tensions with the European Union continue to create political instability.
Magyar Nemzeti Bank (Central Bank of Hungary)
USD 43.47 billion (2021)
International Monetary Fund (IMF), data retrieved January 2022
USD 180.96 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
USD 359.90 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
2017 | 2018 | 2019 | 2020* | 2021* |
4.3% | 5.4% | 4.6% | –5.0% | 7.6% |
*Estimate
USD 18,527.59 (2021 estimate)
IMF - World Economic Outlook, October 2021
USD 36,848.64 (2021 estimate)
IMF - World Economic Outlook, October 2021
(2018 estimate)
1.5% (2019)
OECD, retrieved January 2022
2017 | 2018 | 2019 | 2020* | 2021* |
2.4% | 2.8% | 3.4% | 3.3% | 4.5% |
*Estimate
2017 | 2018 | 2019 | 2020* | 2021* |
4.0% | 3.6% | 3.3% | 4.1% | 4.1% |
*Estimate
2017 | 2018 | 2019 | 2020* | 2021* |
72.2% | 69.1% | 65.5% | 80.4% | 76.6% |
*Estimate
2017 | 2018 | 2019 | 2020* | 2021* |
0.2% | 0.2% | 0.1% | –5.8% | –4.6% |
*Estimate
Standard & Poor's: BBB
Moody's: Baa2
Standard & Poor's / Moody's (January 2022)
USD 1.1 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
0.6% (2021 estimate)
IMF - World Economic Outlook, October 2021
79.5% (2020)
World Bank - World Development Indicators (updated Feb 2022)
0.68% (2020)
United Nations Conference on Trade and Development (UNCTAD)
0.4% (2020)
USD 123.7 billion (2020 estimate)
United Nations Conference on Trade and Development (UNCTAD)
Cars and vehicle parts, packaged medicines, spark-ignition engines, video displays, broadcasting equipment (2019)
CIA World Factbook
USD 120.1 billion (2020 estimate)
United Nations Conference on Trade and Development (UNCTAD)
Cars and vehicle parts, integrated circuits, packaged medicines, broadcasting equipment, crude petroleum (2019)
CIA World Factbook
Germany 27%, Romania 5%, Italy 5%, Slovakia 5% (2019)
CIA World Factbook
Germany 25%, China 6%, Poland 6%, Austria 6%, Czechia 5%, Slovakia 5%, Italy 5%, Netherlands 5% (2019)
CIA World Factbook
2019 | 2020 | 2021 |
USD 6.4 billion | USD 3.9 billion | USD 4.2 billion |
2019 | 2020 | 2021 |
USD 3 billion | USD 2.8 billion | USD 4.3 billion |
N/A
N/A
N/A
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
World Bank - Doing Business 2020
26 out of 141 (2019)
World Economic Forum / Global competitiveness ranking
Ranking: 48 / Score: 66.9 (Moderately Free)
The Heritage Foundation - 2022 Index of Economic Freedom
Hungarian (official) 99.6%, English 16%, German 11.2%, Russian 1.6%, Romanian 1.3%, French 1.2%, other 4.2%; note - shares sum to more than 100% because some respondents gave more than one answer on the census; Hungarian is the mother tongue of 98.9% of Hungarian speakers (2011 est.)
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.)
1990 | 2000 | 2010 | 2015 | 2020 |
10.4 million | 10.2 million | 10 million | 9.8 million | 9.7 million |
1960 | 1980 | 2000 | 2020 |
55.9% | 64.2% | 64.6% | 71.9% |
Total population: 99.1%
Male: 99.1%
Female: 99% (2015) Definition: age 15 and over can read and write
0.7% (last available estimate, 2019)
30.0 (last available estimate, 2019)
Total score: 69/100
Status: Partly Free
Political Rights: 26/40
Civil Liberties: 43/60 (2022)
Fixed: 30.7%
Mobile: 107.0% (2020) (fixed-telephone subscribers and mobile-cellular subscribers)