What is the GDP of Hungary?

Hungary's GDP is approximately $222.7 billion USD. The GDP growth rate is 0.6%.

What is the population of Hungary?

Hungary has a population of approximately 9.6 million people. The population growth rate is -0.3%.

What is the inflation rate in Hungary?

The inflation rate in Hungary is 3.7%.

What is the unemployment rate in Hungary?

The unemployment rate in Hungary is 4.5%.

What is the GDP per capita of Hungary?

Hungary's GDP per capita is approximately $23,292 USD.

Is Hungary a good country to invest in?

Hungary has an investment score of 50/100, classified as "Moderate" risk. Key sectors include Automotive, Manufacturing, Technology. Credit rating: BBB.

How open is Hungary's economy to trade?

Hungary's trade openness (trade as % of GDP) is 147%. Exports total approximately $167.9B and imports $158.4B.

What is Hungary's government debt?

Hungary's government debt is approximately 82% of GDP. The current account balance is 1.6% of GDP.

How much foreign investment does Hungary attract?

Foreign direct investment (FDI) in Hungary is -27.9% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Hungary?

Hungary's economy is composed of services (60% of GDP), industry (24% of GDP), and agriculture (3% of GDP).

Can I start a business in Hungary as a foreigner?

Hungary offers various options for foreign entrepreneurs. Visit our business setup guide for Hungary for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Hungary's economy growing?

Hungary's GDP growth rate is 0.6%. The economy is growing at a moderate pace.

🇭🇺

Hungary Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Europe & Central AsiaHigh IncomeCapital: BudapestHUN

Moderate

BBB

Growing

222.7B USD

GDP (Nominal)

Growing at 0.6%

$23,292

GDP Per Capita

High income level

9.6M

Population

-0.3% annual growth

Stable

3.7%

Inflation

Moderate

147%of GDP

Trade Openness

-27.9%of GDP

FDI Inflows

High

82%of GDP

Public Debt

Low

4.5%

Unemployment

Surplus

+$9.5B

Trade Balance

Currency & Exchange Rate

Currency

Ft Hungarian Forint

HUF

Exchange Rate (1 USD)

Ft365.00

+2.0% YoY(weakened)

5-Year Change

+17.7%

From Ft310.00

Regime & Controls

free floating

Capital controls: none

GDP

Billion USD, nominal

$222.7B

2024+9.5B

GDP Growth

Annual %

0.6%

2024+1.4%

Inflation

Consumer prices, annual %

3.7%

2024-13.4%

Population

Millions

9.6M

2024-0.0M

Economic Structure

Services60%

Industry24%

Agriculture3%

Infrastructure74/100

Internet Speed

120 Mbps

Mobile: 40 Mbps

Logistics Index

3.3 /5.0

World Bank LPI

Electricity

94%

Reliability score

Connectivity

moderate

85% internet access

Investment Score Breakdown

Economic Health (30%)50

Political Safety (25%)50

Business Climate (20%)48

Financial Strength (15%)48

Growth Potential (10%)48

Key Sectors

Automotive

10% of GDP

growing

Manufacturing

20% of GDP

stable

Technology

4% of GDP

growing

Should I Invest in Hungary?

HoldSetup: ComplexROI: Moderate

Hungary scores 50/100 on the NationsData Investment Index, rated "Moderate". Growth is subdued at 1.5%. Business setup takes approximately 21 days with a corporate tax rate of 9%.

Investment Score50/100

GDP Growth1.5%

Inflation6.5%

FDI/GDP4%

Public Debt73%

Political Stability0.3

Corporate Tax9%

Ease of Business#52

Strengths

+Highly trade-open economy (165%) - global market access
+100% foreign ownership allowed - no local partner required
+Low corporate tax rate (9%)
+Extensive tax treaty network (85 countries)

Risks

-Moderate political risk - monitor regulatory changes closely
-Elevated inflation (6.5%) - factor into pricing strategy
-Elevated public debt (73% of GDP)
-High severance costs (4 weeks/year) - expensive to restructure
-High minimum capital requirement ($3000K+)

Best For

Holding companies and regional HQs

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Same region, similar income level, faster growth (3.5%)

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