Economy of Hungary. Statistics, Data and Indicators
Hungary
| 47BBB- | Credit rank #63 |
| 132.31 | Quality of life #40 |
| 69 | Corruption rank#58 |
| 52 | Ease of doing business#53 |
Hungary Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 155 USD Billion | 2020 |
| GDP Annual Growth Rate | -2.1 % | 1Q/21 |
| GDP Growth Rate | 2 % | 1Q/21 |
| GDP per capita | 16745 USD | 2020 |
| Inflation Rate YoY | 5.3 % | Jun/21 |
| Interest Rate | 0.9 % | Jun/21 |
| Unemployment Rate | 4.1 % | May/21 |
| Wages | 427641 HUF/Month | 1426.809 USD/Month | Apr/21 |
| Balance of Trade | 30078 HUF Million | 0.1 B USD | May/21 |
| Current Account | 541 EUR Million | 0.639 B USD | 1Q/21 |
| Foreign Exchange Reserves | 30803 EUR Million | 36.408 B USD | Jun/21 |
| Government Debt | 37149 HUF Billion | 123.946 B USD | May/21 |
GDP
155
USD Billion
#60 from 174 countries
GDP per capita
16745
USD
#46 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 155 USD Billion | 2020 |
| GDP Annual Growth Rate | -2.1 % | 1Q/21 |
| GDP Growth Rate | 2 % | 1Q/21 |
| GDP per capita | 16745 USD | 2020 |
| GDP Constant Prices | 9250125 HUF Million | 30.863 B USD | 1Q/21 |
| GDP per capita PPP | 31008 USD | 2020 |
| GDP From Agriculture | 1349743 HUF Million | 4.503 B USD | 2Q/21 |
| GDP From Construction | 401452 HUF Million | 1.339 B USD | 1Q/21 |
| GDP From Manufacturing | 2018916 HUF Million | 6.736 B USD | 1Q/21 |
| GDP From Public Administration | 1259702 HUF Million | 4.203 B USD | 1Q/21 |
| GDP From Services | 5562420 HUF Million | 18.559 B USD | 1Q/21 |
| GDP From Transport | 489475 HUF Million | 1.633 B USD | 1Q/21 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 80.4 % | 2020 |
| Government Budget Value | -392 HUF Billion | -1.308 USD Billion | Jun/21 |
| Government Spending | 1020803 HUF Million | 3.406 USD Billion | 1Q/21 |
| Government Debt | 37149 HUF Billion | 123.946 USD Billion | May/21 |
| Government Revenues | 1900 HUF Million | 0.006 USD Billion | Mar/21 |
| Fiscal Expenditure | 2504 HUF Million | 0.008 B USD | Mar/21 |
| Government Budget to GDP | -8.1 % | 2020 |
| Government Spending to GDP | 51.6 % | 2020 |
| Military Expenditure | 2463 USD Million | 2.463 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 1426 index points | Jun/21 |
| Export Prices | 105 index points | Apr/21 |
| Food Inflation | 2.4 % | Jun/21 |
| Gasoline Prices | 1.47 USD/Liter | Jun/21 |
| GDP Deflator | 125 index points | 1Q/21 |
| Import Prices | 108 index points | Apr/21 |
| Inflation Rate YoY | 5.3 % | Jun/21 |
| Producer Prices | 124 index points | May/21 |
| Inflation Rate Mom | 0.6 % | Jun/21 |
| Core Consumer Prices | 431 Index Points | Jun/21 |
| Core Inflation Rate | 3.8 % | Jun/21 |
| CPI Transportation | 113 Index Points | Jun/21 |
| Harmonised Consumer Prices | 119 Index Points | Jun/21 |
| Producer Prices Change | 11.3 % | May/21 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -0.8 % | 2019 |
| Balance of Trade | 30078 HUF Million | 0.1 USD Billion | May/21 |
| Capital Flows | 216 EUR Million | 0.255 USD Billion | 1Q/21 |
| Current Account | 541 EUR Million | 0.639 USD Billion | 1Q/21 |
| Exports | 3345185 HUF Million | 11.161 USD Billion | May/21 |
| External Debt | 114380 EUR Million | 135.195 USD Billion | 1Q/21 |
| Foreign Exchange Reserves | 30803 EUR Million | 36.408 USD Billion | Jun/21 |
| Imports | 3315107 HUF Million | 11.061 USD Billion | May/21 |
| Terms of Trade | 97.49 Index Points | Apr/21 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 1.85 % | Jun/21 |
| Gold Reserves | 94.49 Tonnes | 1Q/21 |
| Interbank Rate | 1.07 % | Jul/21 |
| Interest Rate | 0.9 % | Jun/21 |
| Loans to Private Sector | 9403 HUF Billion | 31.373 USD Billion | Feb/21 |
| Money Supply M0 | 10501 HUF Billion | 35.036 USD Billion | Jun/21 |
| Money Supply M1 | 30066 HUF Billion | 100.314 USD Billion | May/21 |
| Money Supply M2 | 33790 HUF Billion | 112.739 USD Billion | May/21 |
| Money Supply M3 | 33871 HUF Billion | 113.009 USD Billion | May/21 |
| Central Bank Balance Sheet | 21040 HUF Billion | 70.199 B USD | Mar/21 |
| Deposit Interest Rate | -0.05 % | Jun/21 |
| Foreign Direct Investment | 1606 EUR Million | 1.898 B USD | 4Q/20 |
| Private Sector Credit | 8586 HUF Billion | 28.647 B USD | May/21 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 442 EUR/Month | 522.434 USD/Month | 1Q/21 |
| Retirement Age Men | 64 | 2019 |
| Retirement Age Women | 64 | 2019 |
| Unemployment Rate | 4.1 % | May/21 |
| Wages | 427641 HUF/Month | 1426.809 USD/Month | Apr/21 |
| Youth Unemployment Rate | 13.9 % | May/21 |
| Employed Persons | 4606514 Person | 4.607 Million Person | May/21 |
| Employment Change | 1.1 % | 1Q/21 |
| Employment Rate | 62.59 % | May/21 |
| Full Time Employment | 4205 Thousand Person | 4Q/20 |
| Job Vacancies | 62535 | 62.535 K | 1Q/21 |
| Labor Force Participation Rate | 65.16 % | May/21 |
| 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 | 1.1 % | 1Q/21 |
| Part Time Employment | 192 Thousand Persons | 4Q/20 |
| Unemployed Persons | 189371 Persons | 0.189 Million Persons | May/21 |
| Wage Growth | 10.3 % | Apr/21 |
| 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 % | 2021 |
| Personal Income Tax Rate | 15 % | 2021 |
| Sales Tax Rate | 27 % | 2021 |
| Social Security Rate | 35.5 % | 2021 |
| Social Security Rate For Companies | 17 % | 2021 |
| Social Security Rate For Employees | 18.5 % | 2021 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 17 BBL/D/1K | Mar/21 |
| Electricity Production | 2874 GWh | Apr/21 |
| Industrial Production | 39.1 % | May/21 |
| Mining Production | -35.9 % | Feb/21 |
| Steel Production | 90 Thousand Tonnes | Dec/20 |
| Industrial Production (MoM) | 4.8 % | Feb/21 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 2.1 index points | Jun/21 |
| Corruption Index | 44 index points | 2020 |
| Corruption Rank | 69 place | 2020 |
| Ease of Doing Business | 52 place | 2019 |
| Manufacturing PMI | 54.7 index points | Jun/21 |
| Manufacturing Production | 1.7 % | Feb/21 |
| Competitiveness Index | 65.08 Index Points | 2019 |
| Competitiveness Rank | 47 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -14.5 index points | Jun/21 |
| Private Debt To GDP | 136 % | 2020 |
| Retail Sales MoM | 0.1 % | May/21 |
| Retail Sales YoY | 5.8 % | May/21 |
| Consumer Credit | 1052 HUF Billion | 3.51 USD Billion | May/21 |
| Consumer Spending | 5787437 HUF Million | 19.31 USD Billion | 1Q/21 |
| Households Debt To GDP | 21 % | 4Q/20 |
| Households Debt To Income | 33.31 % | 2019 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 18.7 % | May/21 |
Government Debt
123.946
USD Billion
#26 from 65 countries
Balance of Trade
0.1
USD Billion
#47 from 173 countries
Gold Reserves
94.49
Tonnes
#53 from 114 countries
Foreign Exchange Reserves
36.408
USD Billion
#47 from
114 countries
Government Budget Value
-1.308
USD Billion
#19 from 113 countries
Inflation Rate
5.3
%
#71 from
174 countries
Interest Rate
0.9
%
#129 from
159 countries
Bank Lending Rate
1.85%
#50 from
55 countries
Unemployment Rate
4.1
%
#136 from
171 countries
Wages
1426.809
USD/Month
#40 from
82 countries
Retirement Age
64
64
men
women
Taxes
9%
15%
company profits
income of individuals
