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Hungary GDP and Economic Data
Country Report 2017 - Includes Hungary real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
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.
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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 (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2019 |
| 0.53% | 0.43% | 0.30% | 0.25% | 0.23% |
*Forecast
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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
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
Source
Market value of publicly traded shares
| 2016 | 2017 | 2018 |
| USD 22.6 billion | USD 31.6 billion | USD 28.9 billion |
Source
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)
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.)
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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
Source
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
Source
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
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 55.9% | 64.2% | 64.6% | 71.4% |
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)
Source
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)