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 | 16.4 % | Aug/23 |
| Interest Rate | 13 % | Sep/23 |
| Unemployment Rate | 4.1 % | Aug/23 |
| Wages | 559100 HUF/Month | 1517.522 USD/Month | Jul/23 |
| Balance of Trade | 697 HUF Million | 0.002 B USD | Jul/23 |
| Current Account | 690 EUR Million | 0.731 B USD | 2Q/23 |
| Foreign Exchange Reserves | 39613 EUR Million | 41.942 B USD | Aug/23 |
| Government Debt | 48264 HUF Billion | 130.999 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 | 10897542 HUF Million | 29.578 B USD | 2Q/23 |
| GDP per capita PPP | 35254 USD | 2022 |
| GDP From Agriculture | 348883 HUF Million | 0.947 B USD | 2Q/23 |
| GDP From Construction | 404557 HUF Million | 1.098 B USD | 2Q/23 |
| GDP From Manufacturing | 1969469 HUF Million | 5.346 B USD | 2Q/23 |
| GDP From Public Administration | 1312928 HUF Million | 3.564 B USD | 2Q/23 |
| GDP From Services | 6297343 HUF Million | 17.092 B USD | 2Q/23 |
| GDP From Transport | 601844 HUF Million | 1.634 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 73.3 % | 2022 |
| Government Budget Value | -359 HUF Billion | -0.974 USD Billion | Aug/23 |
| Government Spending | 1112072 HUF Million | 3.018 USD Billion | 2Q/23 |
| Government Debt | 48264 HUF Billion | 130.999 USD Billion | Aug/23 |
| Government Revenues | 2852 HUF Million | 0.008 USD Billion | Jul/23 |
| Fiscal Expenditure | 2896 HUF Million | 0.008 B USD | Jul/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) | 1931 index points | Aug/23 |
| Export Prices | 96.3 index points | Jun/23 |
| Food Inflation | 17.9 % | Aug/23 |
| Gasoline Prices | 1.77 USD/Liter | Sep/23 |
| GDP Deflator | 170 index points | 2Q/23 |
| Import Prices | 91.4 index points | Jun/23 |
| Inflation Rate YoY | 16.4 % | Aug/23 |
| Producer Prices | 181 index points | Aug/23 |
| Inflation Rate Mom | 0.7 % | Aug/23 |
| Core Consumer Prices | 595 Index Points | Aug/23 |
| Core Inflation Rate | 15.2 % | Aug/23 |
| CPI Transportation | 117 Index Points | Aug/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 | 697 HUF Million | 0.002 USD Billion | Jul/23 |
| Capital Flows | 269 EUR Million | 0.285 USD Billion | 2Q/23 |
| Current Account | 690 EUR Million | 0.731 USD Billion | 2Q/23 |
| Exports | 11372 HUF Million | 0.031 USD Billion | Jul/23 |
| External Debt | 166481 EUR Million | 176.269 USD Billion | 2Q/23 |
| Foreign Exchange Reserves | 39613 EUR Million | 41.942 USD Billion | Aug/23 |
| Imports | 10675 HUF Million | 0.029 USD Billion | Jul/23 |
| Terms of Trade | 105 Index Points | Jun/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 14 % | Sep/23 |
| Gold Reserves | 94.49 Tonnes | 2Q/23 |
| Interbank Rate | 12.29 % | Sep/23 |
| Interest Rate | 13 % | Sep/23 |
| Loans to Private Sector | 12365 HUF Billion | 33.561 USD Billion | Jul/23 |
| Money Supply M0 | 19800 HUF Billion | 53.741 USD Billion | Aug/23 |
| Money Supply M1 | 30618 HUF Billion | 83.104 USD Billion | Jul/23 |
| Money Supply M2 | 39350 HUF Billion | 106.804 USD Billion | Jul/23 |
| Money Supply M3 | 40623 HUF Billion | 110.26 USD Billion | Jul/23 |
| Central Bank Balance Sheet | 27352 HUF Billion | 74.239 B USD | Jul/23 |
| Deposit Interest Rate | 12 % | Sep/23 |
| Foreign Direct Investment | -404 EUR Million | -0.428 B USD | 2Q/23 |
| Private Sector Credit | 10004 HUF Billion | 27.153 B USD | Jul/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 624 EUR/Month | 660.681 USD/Month | 3Q/23 |
| Retirement Age Men | 65 | 2022 |
| Retirement Age Women | 65 | 2022 |
| Unemployment Rate | 4.1 % | Aug/23 |
| Wages | 559100 HUF/Month | 1517.522 USD/Month | Jul/23 |
| Youth Unemployment Rate | 12 % | Jul/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 | 2584 GWh | Jun/23 |
| Industrial Production | -2.6 % | Jul/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 | -7.1 index points | Aug/23 |
| Corruption Index | 42 index points | 2022 |
| Corruption Rank | 77 place | 2022 |
| Ease of Doing Business | 52 place | 2019 |
| Manufacturing PMI | 46.46 index points | Aug/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 | -36.5 index points | Aug/23 |
| Private Debt To GDP | 153 % | 2021 |
| Retail Sales MoM | -0.2 % | Jul/23 |
| Retail Sales YoY | -7.6 % | Jul/23 |
| Consumer Credit | 1309 HUF Billion | 3.553 USD Billion | Jul/23 |
| Consumer Spending | 6512657 HUF Million | 17.677 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 |
