Economy of Hungary. Statistics, Data and Indicators
Hungary
| 47BBB- | Credit rank #63 |
| 132.31 | Quality of life #40 |
| 77 | Corruption rank#58 |
| 52 | Ease of doing business#53 |
Hungary Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 182 USD Billion | 2021 |
| GDP Annual Growth Rate | 4 % | 3Q/22 |
| GDP Growth Rate | -0.4 % | 3Q/22 |
| GDP per capita | 15519 USD | 2021 |
| Inflation Rate YoY | 24.5 % | Dec/22 |
| Interest Rate | 13 % | Jan/23 |
| Unemployment Rate | 3.9 % | Dec/22 |
| Wages | 544597 HUF/Month | 1514.871 USD/Month | Nov/22 |
| Balance of Trade | -1415 HUF Million | -0.004 B USD | Nov/22 |
| Current Account | -4468 EUR Million | -4.824 B USD | 3Q/22 |
| Foreign Exchange Reserves | 38706 EUR Million | 41.789 B USD | Dec/22 |
| Government Debt | 45562 HUF Billion | 126.737 B USD | Dec/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 182 USD Billion | 2021 |
| GDP Annual Growth Rate | 4 % | 3Q/22 |
| GDP Growth Rate | -0.4 % | 3Q/22 |
| GDP per capita | 15519 USD | 2021 |
| GDP Constant Prices | 11258665 HUF Million | 31.318 B USD | 3Q/22 |
| GDP per capita PPP | 33593 USD | 2021 |
| GDP From Agriculture | 198544 HUF Million | 0.552 B USD | 3Q/22 |
| GDP From Construction | 433836 HUF Million | 1.207 B USD | 3Q/22 |
| GDP From Manufacturing | 2062547 HUF Million | 5.737 B USD | 3Q/22 |
| GDP From Public Administration | 1283808 HUF Million | 3.571 B USD | 3Q/22 |
| GDP From Services | 6408824 HUF Million | 17.827 B USD | 3Q/22 |
| GDP From Transport | 619907 HUF Million | 1.724 B USD | 3Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 73.5 % | 2022 |
| Government Budget Value | -1287 HUF Billion | -3.58 USD Billion | Dec/22 |
| Government Spending | 1085301 HUF Million | 3.019 USD Billion | 3Q/22 |
| Government Debt | 45562 HUF Billion | 126.737 USD Billion | Dec/22 |
| Government Revenues | 2950 HUF Million | 0.008 USD Billion | Dec/22 |
| Fiscal Expenditure | 4237 HUF Million | 0.012 B USD | Dec/22 |
| Government Budget to GDP | -6.1 % | 2022 |
| Government Spending to GDP | 47.9 % | 2021 |
| Military Expenditure | 2777 USD Million | 2.777 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 1828 index points | Dec/22 |
| Export Prices | 122 index points | Nov/22 |
| Food Inflation | 47.8 % | Dec/22 |
| Gasoline Prices | 1.75 USD/Liter | Jan/23 |
| GDP Deflator | 156 index points | 3Q/22 |
| Import Prices | 129 index points | Nov/22 |
| Inflation Rate YoY | 24.5 % | Dec/22 |
| Producer Prices | 194 index points | Dec/22 |
| Inflation Rate Mom | 1.9 % | Dec/22 |
| Core Consumer Prices | 559 Index Points | Dec/22 |
| Core Inflation Rate | 24.8 % | Dec/22 |
| CPI Transportation | 120 Index Points | Dec/22 |
| Harmonised Consumer Prices | 153 Index Points | Dec/22 |
| Producer Prices Change | 34.9 % | Dec/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -2.9 % | 2021 |
| Balance of Trade | -1415 HUF Million | -0.004 USD Billion | Nov/22 |
| Capital Flows | -5236 EUR Million | -5.653 USD Billion | 3Q/22 |
| Current Account | -4468 EUR Million | -4.824 USD Billion | 3Q/22 |
| Exports | 13272 HUF Million | 0.037 USD Billion | Nov/22 |
| External Debt | 141850 EUR Million | 153.149 USD Billion | 3Q/22 |
| Foreign Exchange Reserves | 38706 EUR Million | 41.789 USD Billion | Dec/22 |
| Imports | 14687 HUF Million | 0.041 USD Billion | Nov/22 |
| Terms of Trade | 94.72 Index Points | Nov/22 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 25 % | Jan/23 |
| Gold Reserves | 94.49 Tonnes | 4Q/22 |
| Interbank Rate | 16.05 % | Feb/23 |
| Interest Rate | 13 % | Jan/23 |
| Loans to Private Sector | 12238 HUF Billion | 34.042 USD Billion | Nov/22 |
| Money Supply M0 | 15882 HUF Billion | 44.178 USD Billion | Dec/22 |
| Money Supply M1 | 33968 HUF Billion | 94.487 USD Billion | Dec/22 |
| Money Supply M2 | 41160 HUF Billion | 114.492 USD Billion | Dec/22 |
| Money Supply M3 | 41772 HUF Billion | 116.195 USD Billion | Dec/22 |
| Central Bank Balance Sheet | 28039 HUF Billion | 77.994 B USD | Dec/22 |
| Deposit Interest Rate | 12.5 % | Jan/23 |
| Foreign Direct Investment | 3535 EUR Million | 3.817 B USD | 3Q/22 |
| Private Sector Credit | 9919 HUF Billion | 27.591 B USD | Dec/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 579 EUR/Month | 625.121 USD/Month | 1Q/23 |
| Retirement Age Men | 65 | 2022 |
| Retirement Age Women | 65 | 2022 |
| Unemployment Rate | 3.9 % | Dec/22 |
| Wages | 544597 HUF/Month | 1514.871 USD/Month | Nov/22 |
| Youth Unemployment Rate | 11.8 % | Dec/22 |
| Employed Persons | 4702497 Person | 4.702 Million Person | Nov/22 |
| Employment Change | 0 % | 3Q/22 |
| Employment Rate | 64.28 % | Nov/22 |
| Full Time Employment | 4406 Thousand Person | 3Q/22 |
| Job Vacancies | 89400 | 89.4 K | 3Q/22 |
| Labor Force Participation Rate | 66.86 % | Nov/22 |
| Living Wage Family | 221500 HUF/Month | 701.43 USD/Month | 2018 |
| Living Wage Individual | 144800 HUF/Month | 458.542 USD/Month | 2018 |
| Long Term Unemployment Rate | 1.2 % | 3Q/22 |
| Part Time Employment | 195 Thousand Persons | 3Q/22 |
| Unemployed Persons | 188915 Persons | 0.189 Million Persons | Nov/22 |
| Wage Growth | 16.7 % | Nov/22 |
| Wages High Skilled | 281600 HUF/Month | 891.751 USD/Month | 2018 |
| Wages Low Skilled | 140400 HUF/Month | 444.609 USD/Month | 2018 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 9 % | 2022 |
| Personal Income Tax Rate | 15 % | 2022 |
| Sales Tax Rate | 27 % | 2022 |
| Social Security Rate | 31.5 % | 2022 |
| Social Security Rate For Companies | 13 % | 2022 |
| Social Security Rate For Employees | 18.5 % | 2022 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 19 BBL/D/1K | Sep/22 |
| Electricity Production | 2434 GWh | Nov/22 |
| Industrial Production | 0.5 % | Nov/22 |
| Mining Production | -1.2 % | Nov/22 |
| Steel Production | 90 Thousand Tonnes | Dec/20 |
| Industrial Production (MoM) | -0.7 % | Nov/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | -7.8 index points | Jan/23 |
| Corruption Index | 42 index points | 2022 |
| Corruption Rank | 77 place | 2022 |
| Ease of Doing Business | 52 place | 2019 |
| Manufacturing PMI | 55 index points | Jan/23 |
| Manufacturing Production | 1.3 % | Nov/22 |
| Competitiveness Index | 65.08 Index Points | 2019 |
| Competitiveness Rank | 47 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -56.6 index points | Jan/23 |
| Private Debt To GDP | 154 % | 2021 |
| Retail Sales MoM | 0.1 % | Nov/22 |
| Retail Sales YoY | 0.6 % | Nov/22 |
| Consumer Credit | 1257 HUF Billion | 3.497 USD Billion | Dec/22 |
| Consumer Spending | 6440018 HUF Million | 17.914 USD Billion | 3Q/22 |
| Households Debt To GDP | 20.1 % | 2Q/22 |
| Households Debt To Income | 35.93 % | 2021 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 7 % | Nov/22 |
