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


Hungary Major Economic Indicators

Indicator Data Period
GDP Value 182 USD Billion 2021
GDP Annual Growth Rate 4 % 3Q/22
GDP Growth Rate -0.4 % 3Q/22
GDP per capita 15519 USD 2021
Inflation Rate YoY 24.5 % Dec/22
Interest Rate 13 % Jan/23
Unemployment Rate 3.9 % Dec/22
Wages 544597 HUF/Month | 1514.871 USD/Month Nov/22
Balance of Trade -1415 HUF Million | -0.004 B USD Nov/22
Current Account -4468 EUR Million | -4.824 B USD 3Q/22
Foreign Exchange Reserves 38706 EUR Million | 41.789 B USD Dec/22
Government Debt 45562 HUF Billion | 126.737 B USD Dec/22


GDP Indicators

Indicator Data Period
GDP Value 182 USD Billion 2021
GDP Annual Growth Rate 4 % 3Q/22
GDP Growth Rate -0.4 % 3Q/22
GDP per capita 15519 USD 2021
GDP Constant Prices 11258665 HUF Million | 31.318 B USD 3Q/22
GDP per capita PPP 33593 USD 2021
GDP From Agriculture  198544 HUF Million | 0.552 B USD 3Q/22
GDP From Construction  433836 HUF Million | 1.207 B USD 3Q/22
GDP From Manufacturing  2062547 HUF Million | 5.737 B USD 3Q/22
GDP From Public Administration  1283808 HUF Million | 3.571 B USD 3Q/22
GDP From Services  6408824 HUF Million | 17.827 B USD 3Q/22
GDP From Transport  619907 HUF Million | 1.724 B USD 3Q/22


Budget Indicators

Indicator Data Period
Government Debt to GDP 73.5 % 2022
Government Budget Value -1287 HUF Billion | -3.58 USD Billion Dec/22
Government Spending 1085301 HUF Million | 3.019 USD Billion 3Q/22
Government Debt 45562 HUF Billion | 126.737 USD Billion Dec/22
Government Revenues 2950 HUF Million | 0.008 USD Billion Dec/22
Fiscal Expenditure  4237 HUF Million | 0.012 B USD Dec/22
Government Budget to GDP -6.1 % 2022
Government Spending to GDP 47.9 % 2021
Military Expenditure 2777 USD Million | 2.777 B USD 2021


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 1828 index points Dec/22
Export Prices 122 index points Nov/22
Food Inflation 47.8 % Dec/22
Gasoline Prices 1.75 USD/Liter Jan/23
GDP Deflator 156 index points 3Q/22
Import Prices 129 index points Nov/22
Inflation Rate YoY 24.5 % Dec/22
Producer Prices 194 index points Dec/22
Inflation Rate Mom 1.9 % Dec/22
Core Consumer Prices 559 Index Points Dec/22
Core Inflation Rate 24.8 % Dec/22
CPI Transportation 120 Index Points Dec/22
Harmonised Consumer Prices 153 Index Points Dec/22
Producer Prices Change  34.9 % Dec/22


Trade Indicators

Indicator Data Period
Current Account to GDP -2.9 % 2021
Balance of Trade -1415 HUF Million | -0.004 USD Billion Nov/22
Capital Flows -5236 EUR Million | -5.653 USD Billion 3Q/22
Current Account -4468 EUR Million | -4.824 USD Billion 3Q/22
Exports 13272 HUF Million | 0.037 USD Billion Nov/22
External Debt 141850 EUR Million | 153.149 USD Billion 3Q/22
Foreign Exchange Reserves 38706 EUR Million | 41.789 USD Billion Dec/22
Imports 14687 HUF Million | 0.041 USD Billion Nov/22
Terms of Trade  94.72 Index Points Nov/22


Money Indicators

Indicator Data Period
Bank Lending Rate 25 % Jan/23
Gold Reserves 94.49 Tonnes 4Q/22
Interbank Rate 16.05 % Feb/23
Interest Rate 13 % Jan/23
Loans to Private Sector 12238 HUF Billion | 34.042 USD Billion Nov/22
Money Supply M0 15882 HUF Billion | 44.178 USD Billion Dec/22
Money Supply M1 33968 HUF Billion | 94.487 USD Billion Dec/22
Money Supply M2 41160 HUF Billion | 114.492 USD Billion Dec/22
Money Supply M3 41772 HUF Billion | 116.195 USD Billion Dec/22
Central Bank Balance Sheet 28039 HUF Billion | 77.994 B USD Dec/22
Deposit Interest Rate 12.5 % Jan/23
Foreign Direct Investment 3535 EUR Million | 3.817 B USD 3Q/22
Private Sector Credit  9919 HUF Billion | 27.591 B USD Dec/22


Labor Indicators

Indicator Data Period
Minimum Wages 579 EUR/Month | 625.121 USD/Month 1Q/23
Retirement Age Men 65 2022
Retirement Age Women 65 2022
Unemployment Rate 3.9 % Dec/22
Wages 544597 HUF/Month | 1514.871 USD/Month Nov/22
Youth Unemployment Rate 11.8 % Dec/22
Employed Persons 4702497 Person | 4.702 Million Person Nov/22
Employment Change  0 % 3Q/22
Employment Rate  64.28 % Nov/22
Full Time Employment 4406 Thousand Person 3Q/22
Job Vacancies 89400 | 89.4 K 3Q/22
Labor Force Participation Rate 66.86 % Nov/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 1.2 % 3Q/22
Part Time Employment 195 Thousand Persons 3Q/22
Unemployed Persons 188915 Persons | 0.189 Million Persons Nov/22
Wage Growth  16.7 % Nov/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 19 BBL/D/1K Sep/22
Electricity Production 2434 GWh Nov/22
Industrial Production 0.5 % Nov/22
Mining Production -1.2 % Nov/22
Steel Production 90 Thousand Tonnes Dec/20
Industrial Production (MoM) -0.7 % Nov/22


Business Indicators

Indicator Data Period
Business Confidence -7.8 index points Jan/23
Corruption Index 42 index points 2022
Corruption Rank 77 place 2022
Ease of Doing Business 52 place 2019
Manufacturing PMI 55 index points Jan/23
Manufacturing Production 1.3 % Nov/22
Competitiveness Index 65.08 Index Points 2019
Competitiveness Rank 47 2019


Consumer Indicators

Indicator Data Period
Consumer Confidence -56.6 index points Jan/23
Private Debt To GDP 154 % 2021
Retail Sales MoM 0.1 % Nov/22
Retail Sales YoY 0.6 % Nov/22
Consumer Credit 1257 HUF Billion | 3.497 USD Billion Dec/22
Consumer Spending 6440018 HUF Million | 17.914 USD Billion 3Q/22
Households Debt To GDP 20.1 % 2Q/22
Households Debt To Income 35.93 % 2021


Housing Market

Indicator Data Period
Construction Output 7 % Nov/22