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 9,584,627 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 57 position by nominal GDP. Its national debt in 2023 was 144,029 millions of euros (155,739 millions of dollars), ( 73.5% debt-to-GDP ratio) and its public debt per capita is €15,027 euros per inhabitant$16,249 dollars per inhabitant.

The last annual rate of CPI published in Hungary was on June of 2024 and it was 3.7%.

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 [+]2024Q15,329K
Annual GDP [+]2023€196,391M
Annual GDP [+]2023$212,389M
GDP per capita [+]2023€20,480
GDP per capita [+]2023$22,159
Quarterly GDP [+]2024Q1€51,079M
Debt (M.€.) [+]2023144,029
Debt ($M) [+]2023155,739
Debt (%GDP) [+]202373.50%
Debt Per Capita [+]2023€15,027
Debt Per Capita [+]2023$16,249
Deficit (M.€) [+]2023-13,143
Deficit ($M) [+]2023-14,211
Deficit (%GDP) [+]2023-6.70%
Expenditure (M.€) [+]202396,456.8
Expenditure ($M) [+]2023104,298.7
Education Expenditure (M.€) [+]20217,714.4
Education Expenditure ($M) [+]20219,123.7
Education Expenditure (%Bud.) [+]202110.36%
Gov. Health Exp. (M.€) [+]20238,930,096,655.8
Gov. Health Exp.($M) [+]20219,709.0
Gov. Health Exp. (%Bud.) [+]202111.02%
Defence Expenditure (M.€) [+]20222,571.6
Defence Expenditure ($M) [+]20222,700.6
Defence Expenditure (%Bud.) [+]20223.30%
Expenditure (%GDP) [+]202349.10%
Expenditure Per Capita [+]2023€10,064
Expenditure Per Capita [+]2023$10,882
Education Expenditure P.C [+]2021€795
Education Expenditure P.C [+]2021$938
Gov. Health Exp. P.C. [+]2023€930
Gov. Health Exp. P.C. [+]2021$998
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 [+]May 20244.3%
Unemployment rate [+]2024Q14.6%
Unemployed [+]2024Q1229K
NMW [+]2024$953.5
NMW [+]2024€697.0
Average Wage [+]2023$20,253
Average Wage [+]2023€18,730
Human Capital Ranking [+]201739º
Markets
Euro / Hungarian forints [+]07/26/2024390.9500
US Dollar exchange rate [+]01/18/2019279.8000
Stock ExchangeYTD % [+]07/25/202466.11%
Prices
CPI (overall index) [+]June 20243.7%
HICP [+]June 20243.6%
PPI Year on Year [+]April 2024-5.0%
Money Market
Key rates [+]07/24/20246.75%
Business
Doing Business [+]202052º
IPI Year on Year [+]April 2024-2.3%
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€148,830.5M
Exports [+]2023$160,954.8M
Exports % GDP [+]202375.78%
Imports [+]2023€144,142.1M
Imports [+]2023$155,966.3M
Imports % GDP [+]202373.40%
Trade balance [+]2023€4,688.4M
Trade balance [+]2023$4,988.5M
Trade balance % GDP [+]20232.39%
Retail Sales YoY [+]December 2023-10.1%
Socio-Demography
Global AgeWatch Ranking [+]201539º
Density [+]2023103
Global Peace Ranking [+]202318º
Crude divorce rate [+]20221.80‰
Remittance received ($M) [+]20174,692.2
% Immigrant [+]20206.01%
% Emigrant [+]20207.34%
Birth Rate [+]20239.10‰
Remittance sent ($M) [+]20171,093.1
Crude death rate [+]202313.40‰
Fertility Rate [+]20221.56
Crude marriage rate [+]20226.60‰
% risk of poverty [+]202313.1%
Population [+]20239,584,627
Immigrant stock [+]2020584,567
Emigrant stock [+]2020714,420
HDI [+]20210.846
Gender Gap Ranking [+]202399º
Life expectancy [+]202376.90
Suicides [+]20211,561
Suicide rate [+]202116.00
Number of homicides [+]202297
Rate Homicides per 100.000 [+]20220.97
Energy and Environment
CO2 Tons per capita [+]20224.95
Annual crude oil production [+]202319
Crude Oil Reserves [+]202112.1
Consumption GWh [+]202243,186
Generation GWh [+]202233,837
Others
COVID-19 - Deaths [+]07/07/202449,051
COVID-19 - Confirmed [+]07/07/20242,230,506
Fully vaccinated [+]12/27/20226,207,249
COVID-19 - Deaths per million population [+]07/07/20245,117.67
Doses administered [+]12/04/202216,701,238