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Economy of Hungary. Statistics, Data and Indicators

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Hungary
47BBB- Credit rank #63
132.31 Quality of life #40
70 Corruption rank#58
52 Ease of doing business#53
Hungary


Hungary Major Economic Indicators

Indicator Data Period
GDP Value 161 USD Billion 2019
GDP Annual Growth Rate -4.6 % 3Q/20
GDP Growth Rate 11.4 % 3Q/20
GDP per capita 17466 USD 2019
Inflation Rate YoY 2.7 % Dec/20
Interest Rate 0.6 % Dec/20
Unemployment Rate 4.4 % Nov/20
Wages 397364 HUF/Month | 1345.985 USD/Month Oct/20
Balance of Trade 289000 HUF Million | 0.979 B USD Nov/20
Current Account 752 EUR Million | 0.91 B USD 3Q/20
Foreign Exchange Reserves 33677 EUR Million | 40.77 B USD Dec/20
Government Debt 35139 HUF Billion | 119.055 B USD Nov/20


GDP
vvp
161
USD Billion
#60 from 174 countries
GDP per capita
vvp
17466
USD
#46 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 161 USD Billion 2019
GDP Annual Growth Rate -4.6 % 3Q/20
GDP Growth Rate 11.4 % 3Q/20
GDP per capita 17466 USD 2019
GDP Constant Prices 10115492 HUF Million | 34.264 B USD 3Q/20
GDP per capita PPP 32623 USD 2019
GDP From Agriculture  349676 HUF Million | 1.184 B USD 3Q/20
GDP From Construction  340374 HUF Million | 1.153 B USD 3Q/20
GDP From Manufacturing  1935896 HUF Million | 6.557 B USD 3Q/20
GDP From Public Administration  1258243 HUF Million | 4.262 B USD 3Q/20
GDP From Services  5454065 HUF Million | 18.474 B USD 3Q/20
GDP From Transport  464395 HUF Million | 1.573 B USD 3Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 66.3 % 2019
Government Budget Value -2250 HUF Billion | -7.623 USD Billion Dec/20
Government Spending 904576 HUF Million | 3.065 USD Billion 3Q/20
Government Debt 35139 HUF Billion | 119.055 USD Billion Nov/20
Government Revenues 1250325 HUF Million | 4.236 USD Billion Aug/20
Fiscal Expenditure  1281968 HUF Million | 4.343 B USD Aug/20
Government Budget to GDP -2 % 2019
Government Spending to GDP 46.1 % 2019
Military Expenditure 1568 USD Million | 1.568 B USD 2018


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 1367 index points Dec/20
Export Prices 106 index points Oct/20
Food Inflation 4.4 % Dec/20
Gasoline Prices 1.24 USD/Liter Dec/20
GDP Deflator 120 index points 3Q/20
Import Prices 104 index points Oct/20
Inflation Rate YoY 2.7 % Dec/20
Producer Prices 117 index points Nov/20
Inflation Rate Mom 0.3 % Dec/20
Core Consumer Prices 470 Index Points Dec/20
Core Inflation Rate 4 % Dec/20
CPI Transportation 98.2 Index Points Dec/20
Harmonised Consumer Prices 114 Index Points Nov/20
Producer Prices Change  5.5 % Nov/20


Trade Indicators

Indicator Data Period
Current Account to GDP -0.8 % 2019
Balance of Trade 289000 HUF Million | 0.979 USD Billion Nov/20
Capital Flows 1374 EUR Million | 1.663 USD Billion 3Q/20
Current Account 752 EUR Million | 0.91 USD Billion 3Q/20
Exports 3659000 HUF Million | 12.397 USD Billion Nov/20
External Debt 109285 EUR Million | 132.303 USD Billion 3Q/20
Foreign Exchange Reserves 33677 EUR Million | 40.77 USD Billion Dec/20
Imports 3370000 HUF Million | 11.418 USD Billion Nov/20
Terms of Trade  102 Index Points Oct/20


Money Indicators

Indicator Data Period
Bank Lending Rate 1.85 % Dec/20
Gold Reserves 31.51 Tonnes 3Q/20
Interbank Rate 0.75 % Jan/21
Interest Rate 0.6 % Dec/20
Loans to Private Sector 9200 HUF Billion | 31.171 USD Billion Sep/20
Money Supply M0 9280 HUF Billion | 31.434 USD Billion Dec/20
Money Supply M1 28274 HUF Billion | 95.772 USD Billion Nov/20
Money Supply M2 31904 HUF Billion | 108.068 USD Billion Nov/20
Money Supply M3 31965 HUF Billion | 108.275 USD Billion Nov/20
Central Bank Balance Sheet 17821 HUF Billion | 60.379 B USD Oct/20
Deposit Interest Rate -0.05 % Dec/20
Foreign Direct Investment 300 EUR Million | 0.363 B USD 3Q/20
Private Sector Credit  8043 HUF Billion | 27.251 B USD Nov/20


Labor Indicators

Indicator Data Period
Minimum Wages 452 EUR/Month | 547.202 USD/Month 3Q/20
Retirement Age Men 64 2019
Retirement Age Women 64 2019
Unemployment Rate 4.4 % Nov/20
Wages 397364 HUF/Month | 1345.985 USD/Month Oct/20
Youth Unemployment Rate 11.9 % Oct/20
Employed Persons 4476449 Person | 4.476 Million Person Oct/20
Employment Change  -5.3 % 2Q/20
Employment Rate  60.44 % Oct/20
Full Time Employment 4195 Thousand Person 3Q/20
Job Vacancies 63172 | 63.172 K 3Q/20
Labor Force Participation Rate 63.19 % Oct/20
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/20
Part Time Employment 208 Thousand Persons 3Q/20
Unemployed Persons 203763 Persons | 0.204 Million Persons Oct/20
Wage Growth  8.8 % Oct/20
Wages High Skilled 281600 HUF/Month | 891.751 USD/Month 2018
Wages Low Skilled  140400 HUF/Month | 444.609 USD/Month 2018


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 17 BBL/D/1K Sep/20
Electricity Production 2964 GWh Oct/20
Industrial Production 3.5 % Nov/20
Mining Production -32.9 % Aug/20
Steel Production 111 Thousand Tonnes Nov/20
Industrial Production (MoM) 2.3 % Sep/20


Business Indicators

Indicator Data Period
Business Confidence -13.1 index points Dec/20
Corruption Index 44 index points 2019
Corruption Rank 70 place 2019
Ease of Doing Business 52 place 2019
Manufacturing PMI 51.1 index points Dec/20
Manufacturing Production 1.2 % Oct/20
Competitiveness Index 65.08 Index Points 2019
Competitiveness Rank 47 2019


Consumer Indicators

Indicator Data Period
Consumer Confidence -38.5 index points Dec/20
Private Debt To GDP 133 % 2018
Retail Sales MoM 1 % Nov/20
Retail Sales YoY -0.8 % Nov/20
Consumer Credit 987 HUF Billion | 3.344 USD Billion Nov/20
Consumer Spending 5822204 HUF Million | 19.726 USD Billion 3Q/20
Households Debt To GDP 19.7 % 2Q/20
Households Debt To Income 33.31 % 2019


Housing Market

Indicator Data Period
Construction Output 5 % Nov/20


Government Debt
dept_icon
119.055
USD Billion
#26 from 65 countries
Balance of Trade
balance_icon
0.979
USD Billion
#47 from 173 countries


Gold Reserves
gold_reserve_icon
31.51
Tonnes
#53 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
40.77
USD Billion
#47 from 114 countries


Government Budget Value
balance_icon
-7.623
USD Billion
#19 from 113 countries
Inflation Rate
inflation_icon
2.7
%
#71 from 174 countries


Interest Rate
discount_rate_icon
0.6
%
#129 from 159 countries
Bank Lending Rate
credit_rate_icon
1.85%
#50 from 55 countries


Unemployment Rate
unemployment_icon
4.4
%
#136 from 171 countries
Wages
salary_icon
1345.985
USD/Month
#40 from 82 countries


Retirement Age
man_icon
woman_icon
64
64
men
women
Taxes
company_icon
private_icon
9%
15%
company profits
income of individuals