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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
73 Corruption rank#58
52 Ease of doing business#53
Hungary


Hungary Major Economic Indicators

Indicator Data Period
GDP Value 155 USD Billion 2020
GDP Annual Growth Rate 8.2 % 1Q/22
GDP Growth Rate 2.1 % 1Q/22
GDP per capita 14328 USD 2020
Inflation Rate YoY 10.7 % May/22
Interest Rate 7.75 % Jun/22
Unemployment Rate 3.4 % May/22
Wages 492043 HUF/Month | 1282.593 USD/Month Apr/22
Balance of Trade -523 HUF Million | -0.001 B USD Apr/22
Current Account -2345 EUR Million | -2.445 B USD 1Q/22
Foreign Exchange Reserves 34059 EUR Million | 35.514 B USD May/22
Government Debt 43586 HUF Billion | 113.607 B USD May/22


GDP Indicators

Indicator Data Period
GDP Value 155 USD Billion 2020
GDP Annual Growth Rate 8.2 % 1Q/22
GDP Growth Rate 2.1 % 1Q/22
GDP per capita 14328 USD 2020
GDP Constant Prices 10027680 HUF Million | 26.139 B USD 1Q/22
GDP per capita PPP 31008 USD 2020
GDP From Agriculture  313986 HUF Million | 0.818 B USD 1Q/22
GDP From Construction  481230 HUF Million | 1.254 B USD 1Q/22
GDP From Manufacturing  2016417 HUF Million | 5.256 B USD 1Q/22
GDP From Public Administration  1291177 HUF Million | 3.366 B USD 1Q/22
GDP From Services  6184749 HUF Million | 16.122 B USD 1Q/22
GDP From Transport  631650 HUF Million | 1.647 B USD 1Q/22


Budget Indicators

Indicator Data Period
Government Debt to GDP 76.8 % 2021
Government Budget Value -101 HUF Billion | -0.263 USD Billion May/22
Government Spending 1113965 HUF Million | 2.904 USD Billion 1Q/22
Government Debt 43586 HUF Billion | 113.607 USD Billion May/22
Government Revenues 2767 HUF Million | 0.007 USD Billion Apr/22
Fiscal Expenditure  3093 HUF Million | 0.008 B USD Apr/22
Government Budget to GDP -6.8 % 2021
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) 1570 index points May/22
Export Prices 118 index points Mar/22
Food Inflation 19.4 % May/22
Gasoline Prices 1.34 USD/Liter Apr/22
GDP Deflator 136 index points 1Q/22
Import Prices 126 index points Mar/22
Inflation Rate YoY 10.7 % May/22
Producer Prices 163 index points May/22
Inflation Rate Mom 1.7 % May/22
Core Consumer Prices 480 Index Points May/22
Core Inflation Rate 12.2 % May/22
CPI Transportation 113 Index Points May/22
Harmonised Consumer Prices 131 Index Points May/22
Producer Prices Change  32.3 % May/22


Trade Indicators

Indicator Data Period
Current Account to GDP 0 % 2020
Balance of Trade -523 HUF Million | -0.001 USD Billion Apr/22
Capital Flows -613 EUR Million | -0.639 USD Billion 1Q/22
Current Account -2345 EUR Million | -2.445 USD Billion 1Q/22
Exports 11052 HUF Million | 0.029 USD Billion Apr/22
External Debt 134997 EUR Million | 140.766 USD Billion 1Q/22
Foreign Exchange Reserves 34059 EUR Million | 35.514 USD Billion May/22
Imports 11527 HUF Million | 0.03 USD Billion Apr/22
Terms of Trade  93.27 Index Points Mar/22


Money Indicators

Indicator Data Period
Bank Lending Rate 8.9 % May/22
Gold Reserves 94.49 Tonnes 1Q/22
Interbank Rate 8.4 % Jul/22
Interest Rate 7.75 % Jun/22
Loans to Private Sector 10375 HUF Billion | 27.042 USD Billion Dec/21
Money Supply M0 9177 HUF Billion | 23.92 USD Billion May/22
Money Supply M1 34082 HUF Billion | 88.835 USD Billion Apr/22
Money Supply M2 39874 HUF Billion | 103.931 USD Billion Apr/22
Money Supply M3 39981 HUF Billion | 104.21 USD Billion Apr/22
Central Bank Balance Sheet 25101 HUF Billion | 65.426 B USD Jan/22
Deposit Interest Rate 7.25 % Jun/22
Foreign Direct Investment 2103 EUR Million | 2.193 B USD 3Q/21
Private Sector Credit  9320 HUF Billion | 24.293 B USD Apr/22


Labor Indicators

Indicator Data Period
Minimum Wages 542 EUR/Month | 565.184 USD/Month 1Q/22
Retirement Age Men 64.5 2020
Retirement Age Women 64.5 2020
Unemployment Rate 3.4 % May/22
Wages 492043 HUF/Month | 1282.593 USD/Month Apr/22
Youth Unemployment Rate 11.4 % Apr/22
Employed Persons 4693335 Person | 4.693 Million Person Apr/22
Employment Change  0.8 % 3Q/21
Employment Rate  63.99 % Apr/22
Full Time Employment 4374 Thousand Person 4Q/21
Job Vacancies 86881 | 86.881 K 1Q/22
Labor Force Participation Rate 66.23 % Apr/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 1.3 % 4Q/21
Part Time Employment 206 Thousand Persons 4Q/21
Unemployed Persons 164686 Persons | 0.165 Million Persons Apr/22
Wage Growth  15.1 % Apr/22
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 Feb/22
Electricity Production 3214 GWh Mar/22
Industrial Production 3.1 % Apr/22
Mining Production 14.9 % Jan/22
Steel Production 90 Thousand Tonnes Dec/20
Industrial Production (MoM) -1.6 % Apr/22


Business Indicators

Indicator Data Period
Business Confidence 6.9 index points May/22
Corruption Index 43 index points 2021
Corruption Rank 73 place 2021
Ease of Doing Business 52 place 2019
Manufacturing PMI 57 index points Jun/22
Manufacturing Production 7.4 % Jan/22
Competitiveness Index 65.08 Index Points 2019
Competitiveness Rank 47 2019


Consumer Indicators

Indicator Data Period
Consumer Confidence -25 index points May/22
Private Debt To GDP 136 % 2020
Retail Sales MoM -2.4 % Apr/22
Retail Sales YoY 15.8 % Apr/22
Consumer Credit 1149 HUF Billion | 2.995 USD Billion Apr/22
Consumer Spending 6470423 HUF Million | 16.865 USD Billion 1Q/22
Households Debt To GDP 21.5 % 3Q/21
Households Debt To Income 35.72 % 2020


Housing Market

Indicator Data Period
Construction Output 3.2 % Apr/22