Central Hungary (Budapest and Pest) and Western Transdanubia (Zala, Vas and Gyor-Moson-Sopron) generate around 58.0% of Hungarian GDP. Machinery and equipment; rubber and plastic products, transport and storage, and financial and insurance activities attracted the most FDI in 2016. It takes seven days with six procedures to start a business in Hungary as compared to the OECD average of 8.3 days with 4.8 procedures as of 2017.
Macroeconomic Outlook Report of Hungary identifies the potentials of Hungary as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure
- Owing to temporary contraction in public investments, the Hungarian economic growth slowed down to 1.9% in 2016 from 3.2% growth recorded in the previous year. Robust growth in private consumption expenditure, inward foreign investments and the disbursement of EU funds, to resume in 2017 and increase public investments, is expected to drive the economic growth of Hungary in 2017.
- Hungary’s performance in the MarketLine Country Risk Index 2017 exhibits its potential as a key investment destination for new business as well as expansion of existing business. The country exhibits higher risk in terms of all risk parameters except legal environment when compared with other emerging European nations. The nations score remained in the low risk nation band of 30-40.
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Did you Know?
Country’s Position in MLCRI (MarketLine Country Risk Index)
List of Figures
Exhibit 1: BUX Stock Index
Exhibit 2: Key Sectors Contribution to the Economy
Exhibit 3: Investments by Sector, 2012-2016
Exhibit 4: Investment by Country, 2012-2016
Exhibit 5: Key Infrastructure indicators
Exhibit 6: Hungary’s Performance in Global Risk Analysis in Comparison to Emerging Europe, and the World
Exhibit 7: Performance Overview (Score: 1-100)
Exhibit 8: Real GDP and Household Consumption Growth Rate
Exhibit 9: Real GDP Growth Comparison
Exhibit 10: Exports, Imports and Trade Balance
Exhibit 11: Current Account Balance
Exhibit 12: Top Three Commodity Exports, % of Total Exports, 2012-2016
Exhibit 13: Total Electrical Machinery and Equipment Parts Exports, % of World Total, 2016
Exhibit 14: Interest Rates
Exhibit 15: Exchange Rate
Exhibit 16: Public Finance
Exhibit 17: General Government Debt
Exhibit 18: Employment/Unemployment, 2012-19f
Exhibit 19: Labor Cost Index
Exhibit 20: Minimum Monthly Wages (EUR)
Exhibit 21: Age-Group Wise Share in Total Population
Exhibit 22: Rural/Urban Share in Total Population
Exhibit 23: Gender-Wise Share in Total Population
Exhibit 24: Number of Patents Granted per mn Inhabitants, 2015
Exhibit 25: Business R&D Expenditure (% of Total R&D Expenditure)
Exhibit 26: Internet Users % of Total Population, Mobile Penetration Rate and 4G Mobile Broadband Coverage, 2016
Exhibit 27: Doing Business in Hungary
Exhibit 28: Corruption Perception Index (Rankings) 2016
Exhibit 29: CO2 Emissions