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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%.      

 

 2012

2013

2014 

Population, thousand person

 9,917.5

9,889.2

9,864.4

Unemployment rate, %

10.6

9.8

7.6

GDP per capita, nominal, USD

12,799.6

13,494.9 

13,907.8

GDP, nominal, million USD

126,938.4

133,450.5

 137.193.4

GDP, real, annual growth %

 -1.5

1.7

 3.6

Government balance, share of GDP, %

-2.3

-2.5

-2.6

Consumption, government, nominal, % of GDP

20.1

19.9

20.1

Consumer prices, YOY % change

5.0

0.4

-0.9

Foreign direct investment, million USD

 -2,744.8

 -1,305.9

-451.5

Credit rating, average (20=AAA)

 9.9

 9.7

 9.7

OE risk index (100=highest risk)

48.5

48.4

48.2

Political stability risk rating (7=lowest risk)

4.7

4.8

4.8

Regulatory risk rating (7=lowest risk)

6.0

6.0

6.0

Trade credit risk rating (7=lowest risk)

3.0

3.0

3.0

Corruption Perception Index (100=lowest corruption)

55

54

54

Sources: Statistical Office of the European Communities, Eurostat, Hungarian Central Statistical Office, International Monetary Fund, World Bank, Worldwide Governance Indicators, Fitch, Standard & Poor, Moody’s, Coface, ONDD (Belgian Export Credit Agency).


 

Export/import with Denmark

 

Export

  • Hungary was Denmark's 25th largest export market (goods) in 2014.
  • Exports of goods to Hungary were worth DKK 4.3 billion in 2014, accounting for 0,70% of total Danish goods exports.
  • Goods exports to Hungary rose by 23.1% in 2014 in relation to 2013.
  • The commodity group with the highest export value in 2014 was general industrial machinery and equipment, and machine parts (683 million DKK).
  • Exports of services to Hungary came to DKK 1.3 billion in 2013 (sea transport DKK 541 million).
  • In the first three months of 2015, Danish exports of goods to Hungary were worth DKK 1.0 billion; a rise of 14.1% relative to the same time period in 2014 (DKK 940 million).

Import

  • Imports of goods from Hungary was equal to a total of DKK 4.7 billion in 2014; a rise of 6.8% relative to 2013.
  • The commodity group with the highest import value in 2014 was general industrial machinery and equipment, and machine parts (736 mio. DKK).
  • Imports of services from Hungary were worth DKK 1.1 billion in 2013 (sea transport DKK 280 million). 
  • In the first three months of 2015, imports of goods from Hungary were worth DKK 1.1 billion; a fall of 1.3% in relation to the same time period in 2014 (DKK 1.1 billion).

Direct investment

  • Denmark's direct investments in Hungary were DKK 4.9 billion by the end of 2013.
  • Hungary's direct investments in Denmark were DKK 2.0 billion by the end of 2013.

 

Table 1: Denmark's trade with Hungary since 2010 (goods)

Million DKK 

2010

2011

2012

2013

2014

Jan-March 2014

 Jan-Mar 2015

Export 

3,021

3,312

3,543

3,527

4,343

940

1,073

Import

3,306

3,672

4,334

4,423

4,723

1,124

1,109

 

Table 2: Largest export categories in 2014

Export goods category    

 Volume (million DKK)

Growth relative to 2013

General Industrial Machinery And Equipment, And Machine Parts

 683

-9.2%

Medicinal And Pharmaceutical Products

558

21.4%

Petroleum, Petroleum Products And Related Materials

446

247469.4%

Electrical Machinery, Apparatus And Appliances, And Electrical Parts

336

54.2%

Plastics In Nonprimary Forms

 266

13.5%

Total goods exports to Hungary

4.343

23.1%

 
Source: Statistics Denmark, 9 June 2015