Hungary Hungary

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Hungary, is a country located at Eastern Europe, it has an area of 93,030 Km2.

Hungary, with a population of 9,599,744 people, it is ranked at 96º position by population of 196 countries and has a population density of 103 people per km2.

It's capital is Budapest and its currency is Hungarian forints

Hungary is holding the 55 position by nominal GDP. Its national debt in 2022 was 121,821 millions of euros (131,970 millions of dollars), ( 73.9% debt-to-GDP ratio) and its public debt per capita is €12,690 euros per inhabitant$13,747 dollars per inhabitant.

The last annual rate of CPI published in Hungary was on March of 2024 and it was 3.6%.

In terms of the human development index (HDI) of Hungary, which is the index used by the United Nations to measure the progress of a country, was 0.846 points in 2021, leaving it in 46th place in the table of 191 countries published.

If the reason to visit Hungary are business, you must know it's in the 52th of the Doing Business ranking , which provides objective measures of business regulations for local firms.

In the tables at the bottom of the page, you can see more information about the economy and demography of Hungary, if you want to see information about other countries click here

Budapest: Monthly Temp.
Budapest: Monthly Rainfall
Hungary Economy
Gouvernement
Qu. GDP Per Capita [+]2023Q45,358K
Annual GDP [+]2023€196,391M
Annual GDP [+]2023$212,504M
GDP per capita [+]2023€20,480
GDP per capita [+]2023$22,136
Quarterly GDP [+]2023Q4€51,361M
Debt (M.€.) [+]2022121,821
Debt ($M) [+]2022131,970
Debt (%GDP) [+]202273.90%
Debt Per Capita [+]2022€12,690
Debt Per Capita [+]2022$13,747
Deficit (M.€) [+]2022-10,545
Deficit ($M) [+]2022-11,239
Deficit (%GDP) [+]2022-6.20%
Expenditure (M.€) [+]202282,472.8
Expenditure ($M) [+]202286,131.7
Education Expenditure (M.€) [+]20186,289.6
Education Expenditure ($M) [+]20187,422.7
Education Expenditure (%Bud.) [+]201810.08%
Gov. Health Exp. (M.€) [+]20228,300,748,805.2
Gov. Health Exp.($M) [+]20197,095.3
Gov. Health Exp. (%Bud.) [+]201710.08%
Defence Expenditure (M.€) [+]20222,576.4
Defence Expenditure ($M) [+]20222,746.5
Defence Expenditure (%Bud.) [+]20223.30%
Expenditure (%GDP) [+]202248.80%
Expenditure Per Capita [+]2022€8,591
Expenditure Per Capita [+]2022$8,972
Education Expenditure P.C [+]2018€644
Education Expenditure P.C [+]2018$759
Gov. Health Exp. P.C. [+]2022€857
Gov. Health Exp. P.C. [+]2019$726
Defence Expenditure P.C. [+]2022€266
Defence Expenditure P.C. [+]2022$283
Moody's Rating [+]09/01/2023Baa2
S&P Rating [+]01/27/2023BBB-
Fitch Rating [+]02/14/2020BBB
Corruption Index [+]202242
Competitiveness Ranking [+]201947º
Fragile States Index [+]201850.2
RTI Raking [+]202265º
Innovation Ranking [+]201833º
Labour
Unemployment Rate [+]February 20244.4%
Unemployment rate [+]2023Q44.4%
Unemployed [+]2023Q4220K
NMW [+]2024$953.5
NMW [+]2024€697.0
Average Wage [+]2022$17,030
Average Wage [+]2022€16,172
Human Capital Ranking [+]201739º
Markets
Euro / Hungarian forints [+]04/12/2024391.6300
US Dollar exchange rate [+]01/18/2019279.8000
Stock ExchangeYTD % [+]04/11/202453.46%
Prices
CPI (overall index) [+]March 20243.6%
HICP [+]February 20243.6%
PPI Year on Year [+]February 2024-5.9%
Money Market
Key rates [+]03/27/20248.25%
Business
Doing Business [+]202052º
IPI Year on Year [+]February 20241.3%
Passengers vehicles Year [+]December 2022111,536
Annual Vehicles/ 1,000 p. [+]December 202214.12
Motor vehicle production [+]2022441,729
Vehicles / 1,000 people [+]2021478.15
Taxes
Tax Revenue (%GDP) [+]202234.9%
Standard VAT [+]01/01/201227.00%
Top tax rate + SSC [+]202233.5%
Trade
Annual arrivals [+]201916,937,000
Exports [+]2023€148,764.9M
Exports [+]2023$160,859.5M
Exports % GDP [+]202375.70%
Imports [+]2023€144,214.9M
Imports [+]2023$155,939.6M
Imports % GDP [+]202373.38%
Trade balance [+]2023€4,550.1M
Trade balance [+]2023$4,919.9M
Trade balance % GDP [+]20232.32%
Retail Sales YoY [+]December 2023-10.1%
Socio-Demography
Global AgeWatch Ranking [+]201539º
Density [+]2022103
Global Peace Ranking [+]202318º
Crude divorce rate [+]20221.80‰
Remittance received ($M) [+]20174,692.2
% Immigrant [+]20206.01%
% Emigrant [+]20207.34%
Birth Rate [+]20229.30‰
Remittance sent ($M) [+]20171,093.1
Crude death rate [+]202214.20‰
Fertility Rate [+]20221.56
Crude marriage rate [+]20226.60‰
% risk of poverty [+]202212.1%
Population [+]20229,599,744
Immigrant stock [+]2020584,567
Emigrant stock [+]2020714,420
HDI [+]20210.846
Gender Gap Ranking [+]202399º
Life expectancy [+]202276.00
Suicides [+]20211,561
Suicide rate [+]202116.00
Number of homicides [+]202294
Rate Homicides per 100.000 [+]20220.94
Energy and Environment
CO2 Tons per capita [+]20215.29
Annual crude oil production [+]202218
Crude Oil Reserves [+]202112.1
Consumption GWh [+]202143,914
Generation GWh [+]202134,191
Others
COVID-19 - Deaths [+]03/31/202449,049
COVID-19 - Confirmed [+]03/31/20242,230,293
Fully vaccinated [+]12/27/20226,207,249
COVID-19 - Deaths per million population [+]03/31/20245,109.41
Doses administered [+]12/04/202216,701,238