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Key economic indicators

The following figures will give you an insight to Hungary's economy. Should you need more data or sector specific information, please contact us!

If not stated otherwise, data is given in percentage. Previous year = 100%.      

 

 2015

2016

2017 

Population, thousand person

 9,856

9,830

9,798

Unemployment rate, %

6.8

5.1

4.2

GDP per capita, nominal, EUR

11,300

11,600

12,700

GDP, nominal, million EUR

110,898  

  113,903

   124,050

GDP, real, annual growth %

 3.5

2.3

 4.1

Government balance, share of GDP, %

-1.9

-1.7

-2.0

Consumer prices, YOY % change

0.1 

0.4 

2.4 

Foreign direct investment, million USD

-14,751

-5,855

2,492

Political stability risk (-2.5 weak; 2.5 strong)

 0.75

  0.71

0.72

Corruption Perception Index (100=lowest corruption)

 51

 48

 45

Sources: Statistical Office of the European Communities, Eurostat, Hungarian Central Statistical Office, International Monetary Fund,

World Bank, HIPA


Export/import with Denmark

Export

  • Hungary was Denmark's 26th largest export market (goods) in 2016.
  • Exports of goods to Hungary were worth USD 638 million in 2016.
  • Goods exports to Hungary rose by 6.5% in 2016 in relation to 2015.
  • The commodity group with the highest export value in 2016 was general industrial machinery and equipment, and machine parts (USD 211 million)

Import

  • Import of goods from Hungary was equal to a total of USD 701 million in 2016; a rise of 7.0% relative to 2015.
  • The commodity group with the highest import value in 2016 was general industrial machinery and equipment, and machine parts (USD 274 million)

Direct investment

Denmark's direct investments to Hungary are almost equal to USD 920 million in 2018, making Denmark the 14th largest investor into Hungary

Table 1: Denmark's trade with Hungary since 2013 (goods)

DKK 1,000 

2013    

   2014   

2015   

2016   

2017

Export 

4418779   

4712583    

4372177    

4952752    

5476045 

Import

3431348   

4344981    

4010090    

4198232    

4271471

 

Table 2: Largest export categories in 2014

Export goods category    

 Volume (million USD)

Growth relative to 2015

General Industrial Machinery And Equipment, And Machine Parts

211

3.4%

Medicinal And Pharmaceutical Products

130

0%

Petroleum, Petroleum Products And Related Materials

93.1

33%

Metals

336

-3.7%

Total goods exports to Hungary

638

6.5%