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Finland's and Sweden's joint application for NATO membership entails serious economic changes.
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.
Europe's most illiberal democracy may no longer be a democracy.
Magyar Nemzeti Bank (Central Bank of Hungary)
USD 31.4 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
USD 155.7 billion (2018, estimate)
Intl$ 311.9 billion (2018, estimate)
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
USD 15,923.8 (2018, estimate)
1980 | 1990 | 2000 | 2010 | 2019 |
0.53% | 0.43% | 0.30% | 0.25% | 0.23% |
*Forecast
(2018 estimate)
1.3% (2017)
OECD, data retrieved October 2019
2015 | 2016 | 2017 | 2018* | 2019* |
-0.1% | 0.4% | 2.4% | 2.8% | 3.4% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
6.8% | 5.1% | 4.2% | 3.7% | 3.5% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
76.7% | 76% | 73.4% | 70.8% | 67.5% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
-1.9% | -1.6% | -2.2% | -2.2% | -1.8% |
*Estimate
Standard & Poor's: BBB
Moody's: Baa3
Standard & Poor's / Moody's
2016 | 2017 | 2018 |
USD 22.6 billion | USD 31.6 billion | USD 28.9 billion |
-0.5 % (2018 estimate)
86.5% (2018)
0.65% (2018)
0.50% (2018)
Machinery and equipment (55.8%), other manufactures (32.7%), food products (6.8%), raw materials (2.4%), fuels and electricity (2.3%) (2017 est.)
Machinery and equipment 45.4%, other manufactures 34.3%, fuels and electricity 12.6%, food products 5.3%, raw materials 2.5% (2012)
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)
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)
2016 | 2017 | 2018 |
USD -5,753 million | USD 3,261 million | USD 6,389 million |
2016 | 2017 | 2018 |
USD -8,303 million | USD 1,119 million | USD 1,991 million |
2015 | 2016 | 2017 | 2018 |
USD 38 million | USD -94 million | USD 103 million | 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
47 out of 141 countries
(2019)
Ranking: 64 / Score: 65 (Moderately free)
(100=totally free 0=totally repressed)
Hungarian (official) 99.6%, English 16%, German 11.2%, Russian 1.6%, Romanian 1.3%, French 1.2%, other 4.2% (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* |
10.38 million | 10.22 million | 10.01 million | 9.86 million | 9.74 million |
*Estimate
1960 | 1980 | 2000 | 2018 |
55.9% | 64.2% | 64.6% | 71.4% |
Total population: 99.1%
Male: 99.1%
Female: 99%
Definition: age 15 and over can read and write (2015 est.)
1% (last available estimate, 2015)
30.4 (last available estimate, 2015)
(0=perfect equality, 100=absolute inequality)
Partly Free
Political Rights: 3
Civil Liberties: 3 (2019)
(1 represents the most free, 7 the least free rating)
Fixed: 31.1%
Mobile: 103.4%
(2018)
(fixed-telephone subscribers and mobile-cellular subscribers)