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 | 179 USD Billion | 2022 |
| GDP Annual Growth Rate | -2.4 % | 2Q/23 |
| GDP Growth Rate | -0.3 % | 2Q/23 |
| GDP per capita | 16289 USD | 2022 |
| Inflation Rate YoY | 12.2 % | Sep/23 |
| Interest Rate | 13 % | Sep/23 |
| Unemployment Rate | 4.1 % | Aug/23 |
| Wages | 559137 HUF/Month | 1537.104 USD/Month | Jul/23 |
| Balance of Trade | 708 HUF Million | 0.002 B USD | Aug/23 |
| Current Account | 690 EUR Million | 0.732 B USD | 2Q/23 |
| Foreign Exchange Reserves | 39662 EUR Million | 42.077 B USD | Sep/23 |
| Government Debt | 48264 HUF Billion | 132.666 B USD | Aug/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 179 USD Billion | 2022 |
| GDP Annual Growth Rate | -2.4 % | 2Q/23 |
| GDP Growth Rate | -0.3 % | 2Q/23 |
| GDP per capita | 16289 USD | 2022 |
| GDP Constant Prices | 10903230 HUF Million | 29.974 B USD | 2Q/23 |
| GDP per capita PPP | 35254 USD | 2022 |
| GDP From Agriculture | 392015 HUF Million | 1.078 B USD | 2Q/23 |
| GDP From Construction | 397733 HUF Million | 1.093 B USD | 2Q/23 |
| GDP From Manufacturing | 1935838 HUF Million | 5.322 B USD | 2Q/23 |
| GDP From Public Administration | 1321922 HUF Million | 3.634 B USD | 2Q/23 |
| GDP From Services | 6318458 HUF Million | 17.37 B USD | 2Q/23 |
| GDP From Transport | 596125 HUF Million | 1.639 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 73.3 % | 2022 |
| Government Budget Value | 33.7 HUF Billion | 0.093 USD Billion | Sep/23 |
| Government Spending | 1120710 HUF Million | 3.081 USD Billion | 2Q/23 |
| Government Debt | 48264 HUF Billion | 132.666 USD Billion | Aug/23 |
| Government Revenues | 2398 HUF Million | 0.007 USD Billion | Aug/23 |
| Fiscal Expenditure | 2756 HUF Million | 0.008 B USD | Aug/23 |
| Government Budget to GDP | -6.2 % | 2022 |
| Government Spending to GDP | 47.8 % | 2022 |
| Military Expenditure | 2572 USD Million | 2.572 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 1938 index points | Sep/23 |
| Export Prices | 94.3 index points | Jul/23 |
| Food Inflation | 13.2 % | Sep/23 |
| Gasoline Prices | 1.77 USD/Liter | Sep/23 |
| GDP Deflator | 170 index points | 2Q/23 |
| Import Prices | 87.1 index points | Jul/23 |
| Inflation Rate YoY | 12.2 % | Sep/23 |
| Producer Prices | 181 index points | Aug/23 |
| Inflation Rate Mom | 0.4 % | Sep/23 |
| Core Consumer Prices | 596 Index Points | Sep/23 |
| Core Inflation Rate | 13.1 % | Sep/23 |
| CPI Transportation | 119 Index Points | Sep/23 |
| Harmonised Consumer Prices | 162 Index Points | Aug/23 |
| Producer Prices Change | -2.3 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -8.2 % | 2022 |
| Balance of Trade | 708 HUF Million | 0.002 USD Billion | Aug/23 |
| Capital Flows | 269 EUR Million | 0.285 USD Billion | 2Q/23 |
| Current Account | 690 EUR Million | 0.732 USD Billion | 2Q/23 |
| Exports | 11372 HUF Million | 0.031 USD Billion | Jul/23 |
| External Debt | 166481 EUR Million | 176.619 USD Billion | 2Q/23 |
| Foreign Exchange Reserves | 39662 EUR Million | 42.077 USD Billion | Sep/23 |
| Imports | 10675 HUF Million | 0.029 USD Billion | Jul/23 |
| Terms of Trade | 108 Index Points | Jul/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 14 % | Sep/23 |
| Gold Reserves | 94.49 Tonnes | 2Q/23 |
| Interbank Rate | 12.17 % | Oct/23 |
| Interest Rate | 13 % | Sep/23 |
| Loans to Private Sector | 12365 HUF Billion | 33.988 USD Billion | Jul/23 |
| Money Supply M0 | 19800 HUF Billion | 54.426 USD Billion | Aug/23 |
| Money Supply M1 | 30469 HUF Billion | 83.752 USD Billion | Aug/23 |
| Money Supply M2 | 39444 HUF Billion | 108.422 USD Billion | Aug/23 |
| Money Supply M3 | 40881 HUF Billion | 112.372 USD Billion | Aug/23 |
| Central Bank Balance Sheet | 27352 HUF Billion | 75.184 B USD | Jul/23 |
| Deposit Interest Rate | 12 % | Sep/23 |
| Foreign Direct Investment | -404 EUR Million | -0.429 B USD | 2Q/23 |
| Private Sector Credit | 10039 HUF Billion | 27.595 B USD | Aug/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 624 EUR/Month | 661.999 USD/Month | 3Q/23 |
| Retirement Age Men | 65 | 2022 |
| Retirement Age Women | 65 | 2022 |
| Unemployment Rate | 4.1 % | Aug/23 |
| Wages | 559137 HUF/Month | 1537.104 USD/Month | Jul/23 |
| Youth Unemployment Rate | 12.8 % | Aug/23 |
| Employed Persons | 4720500 Person | 4.721 Million Person | Jul/23 |
| Employment Change | 0.1 % | 2Q/23 |
| Employment Rate | 64.57 % | Jul/23 |
| Full Time Employment | 4421 Thousand Person | 2Q/23 |
| Job Vacancies | 79751 | 79.751 K | 2Q/23 |
| Labor Force Participation Rate | 67.31 % | Jul/23 |
| 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 | 1.4 % | 2Q/23 |
| Part Time Employment | 182 Thousand Persons | 2Q/23 |
| Unemployed Persons | 199745 Persons | 0.2 Million Persons | Jul/23 |
| Wage Growth | 15.2 % | Jul/23 |
| 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 % | 2023 |
| Personal Income Tax Rate | 15 % | 2022 |
| Sales Tax Rate | 27 % | 2023 |
| Social Security Rate | 31.5 % | 2023 |
| Social Security Rate For Companies | 13 % | 2023 |
| Social Security Rate For Employees | 18.5 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 18 BBL/D/1K | May/23 |
| Electricity Production | 3105 GWh | Jul/23 |
| Industrial Production | -5.3 % | Aug/23 |
| Mining Production | -35.2 % | Jul/23 |
| Steel Production | 90 Thousand Tonnes | Dec/20 |
| Industrial Production (MoM) | 2.8 % | Jul/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | -9 index points | Sep/23 |
| Corruption Index | 42 index points | 2022 |
| Corruption Rank | 77 place | 2022 |
| Ease of Doing Business | 52 place | 2019 |
| Manufacturing PMI | 47.36 index points | Sep/23 |
| Manufacturing Production | -2.3 % | Jul/23 |
| Competitiveness Index | 65.08 Index Points | 2019 |
| Competitiveness Rank | 47 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -39.6 index points | Sep/23 |
| Private Debt To GDP | 153 % | 2021 |
| Retail Sales MoM | -0.5 % | Aug/23 |
| Retail Sales YoY | -7.1 % | Aug/23 |
| Consumer Credit | 1324 HUF Billion | 3.639 USD Billion | Aug/23 |
| Consumer Spending | 6517741 HUF Million | 17.916 USD Billion | 2Q/23 |
| Households Debt To GDP | 18 % | 1Q/23 |
| Households Debt To Income | 35.85 % | 2021 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 3.4 % | Jul/23 |
