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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 -13.6 % 2Q/20
GDP Growth Rate -14.5 % 2Q/20
GDP per capita 17466 USD 2019
Inflation Rate YoY 3.4 % Sep/20
Interest Rate 0.6 % Oct/20
Unemployment Rate 4.6 % Aug/20
Wages 401847 HUF/Month | 1308.415 USD/Month Jul/20
Balance of Trade 86905 HUF Million | 0.283 B USD Aug/20
Current Account -847 EUR Million | -1.002 B USD 2Q/20
Foreign Exchange Reserves 32212 EUR Million | 38.118 B USD Sep/20
Government Debt 32395 HUF Billion | 105.478 B USD Aug/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 -13.6 % 2Q/20
GDP Growth Rate -14.5 % 2Q/20
GDP per capita 17466 USD 2019
GDP Constant Prices 8758734 HUF Million | 28.518 B USD 2Q/20
GDP per capita PPP 32623 USD 2019
GDP From Agriculture  353422 HUF Million | 1.151 B USD 2Q/20
GDP From Construction  391948 HUF Million | 1.276 B USD 2Q/20
GDP From Manufacturing  1533263 HUF Million | 4.992 B USD 2Q/20
GDP From Public Administration  1074972 HUF Million | 3.5 B USD 2Q/20
GDP From Services  4886551 HUF Million | 15.911 B USD 2Q/20
GDP From Transport  420928 HUF Million | 1.371 B USD 2Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 66.3 % 2019
Government Budget Value -9 HUF Billion | -0.029 USD Billion Sep/20
Government Spending 958620 HUF Million | 3.121 USD Billion 2Q/20
Government Debt 32395 HUF Billion | 105.478 USD Billion Aug/20
Government Revenues 1250325 HUF Million | 4.071 USD Billion Aug/20
Fiscal Expenditure  1281968 HUF Million | 4.174 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) 1363 index points Sep/20
Export Prices 104 index points Jul/20
Food Inflation 7.3 % Sep/20
Gasoline Prices 1.21 USD/Liter Sep/20
GDP Deflator 122 index points 2Q/20
Import Prices 102 index points Jul/20
Inflation Rate YoY 3.4 % Sep/20
Producer Prices 104 index points Aug/20
Inflation Rate Mom -0.4 % Sep/20
Core Consumer Prices 465 Index Points Sep/20
Core Inflation Rate 4 % Sep/20
CPI Transportation 100 Index Points Sep/20
Harmonised Consumer Prices 114 Index Points Sep/20
Producer Prices Change  3.6 % Aug/20


Trade Indicators

Indicator Data Period
Current Account to GDP -0.8 % 2019
Balance of Trade 86905 HUF Million | 0.283 USD Billion Aug/20
Capital Flows -360 EUR Million | -0.426 USD Billion 2Q/20
Current Account -847 EUR Million | -1.002 USD Billion 2Q/20
Exports 2753793 HUF Million | 8.966 USD Billion Aug/20
External Debt 107356 EUR Million | 127.041 USD Billion 2Q/20
Foreign Exchange Reserves 32212 EUR Million | 38.118 USD Billion Sep/20
Imports 2666888 HUF Million | 8.683 USD Billion Aug/20
Terms of Trade  102 Index Points Jul/20


Money Indicators

Indicator Data Period
Bank Lending Rate 1.85 % Sep/20
Gold Reserves 31.5 Tonnes 2Q/20
Interbank Rate 0.77 % Oct/20
Interest Rate 0.6 % Oct/20
Loans to Private Sector 8819 HUF Billion | 28.715 USD Billion May/20
Money Supply M0 8386 HUF Billion | 27.305 USD Billion Sep/20
Money Supply M1 26830 HUF Billion | 87.359 USD Billion Aug/20
Money Supply M2 30220 HUF Billion | 98.396 USD Billion Aug/20
Money Supply M3 30284 HUF Billion | 98.605 USD Billion Aug/20
Central Bank Balance Sheet 15344 HUF Billion | 49.96 B USD Jun/20
Deposit Interest Rate -0.05 % Oct/20
Foreign Direct Investment 1180 EUR Million | 1.396 B USD 1Q/20
Private Sector Credit  7753 HUF Billion | 25.244 B USD Aug/20


Labor Indicators

Indicator Data Period
Minimum Wages 452 EUR/Month | 534.88 USD/Month 3Q/20
Retirement Age Men 64 2019
Retirement Age Women 64 2019
Unemployment Rate 4.6 % Aug/20
Wages 401847 HUF/Month | 1308.415 USD/Month Jul/20
Youth Unemployment Rate 14.1 % Jul/20
Employed Persons 4477272 Person | 4.477 Million Person Jul/20
Employment Change  -5.3 % 2Q/20
Employment Rate  60.43 % Jul/20
Full Time Employment 4077 Thousand Person 2Q/20
Job Vacancies 59698 | 59.698 K 2Q/20
Labor Force Participation Rate 63.33 % Jul/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 0.9 % 2Q/20
Part Time Employment 239 Thousand Persons 2Q/20
Unemployed Persons 214437 Persons | 0.214 Million Persons Jul/20
Wage Growth  10.8 % Jul/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 Jun/20
Electricity Production 3004 GWh Dec/19
Industrial Production -2.1 % Aug/20
Mining Production -31.2 % Jul/20
Steel Production 112 Thousand Tonnes Aug/20
Industrial Production (MoM) 7.2 % Jul/20


Business Indicators

Indicator Data Period
Business Confidence -15.1 index points Sep/20
Corruption Index 44 index points 2019
Corruption Rank 70 place 2019
Ease of Doing Business 52 place 2019
Manufacturing PMI 48.8 index points Sep/20
Manufacturing Production -8 % Jul/20
Competitiveness Index 65.08 Index Points 2019
Competitiveness Rank 47 2019


Consumer Indicators

Indicator Data Period
Consumer Confidence -31.1 index points Sep/20
Private Debt To GDP 133 % 2018
Retail Sales MoM 1.5 % Aug/20
Retail Sales YoY -0.7 % Aug/20
Consumer Credit 960 HUF Billion | 3.126 USD Billion Aug/20
Consumer Spending 5531051 HUF Million | 18.009 USD Billion 2Q/20
Households Debt To GDP 19 % 1Q/20
Households Debt To Income 32.23 % 2018


Housing Market

Indicator Data Period
Construction Output -13.6 % Aug/20


Government Debt
dept_icon
105.478
USD Billion
#26 from 65 countries
Balance of Trade
balance_icon
0.283
USD Billion
#47 from 173 countries


Gold Reserves
gold_reserve_icon
31.5
Tonnes
#53 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
38.118
USD Billion
#47 from 114 countries


Government Budget Value
balance_icon
-0.029
USD Billion
#19 from 113 countries
Inflation Rate
inflation_icon
3.4
%
#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
4.6
%
#136 from 171 countries
Wages
salary_icon
1308.415
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