Key economic indicators
|
|
2016 |
2017 |
2018 |
2019 | 2020 | 2021 | 2022 | 2023 |
|
Population, in thousands |
9,856 |
9,830 |
9,798 |
9,773 |
9,770 | 9,731 | 9,689 | 9,600 |
|
Unemployment rate, % |
5.1 |
4.2 |
3.7 |
3.4 | 4.25 | 4.05 | 3.42 | 3.8 |
|
GDP per capita, nominal, EUR |
11,600 |
12,700 |
14,330 |
13,310 | 12,730 | 13,690 | 14,350 | 14,370 |
|
GDP, nominal, million EUR |
110,898 |
113,903 |
124,050 |
|||||
|
GDP, real, annual growth % |
2.3 |
4.1 |
5.1 |
4.9 | -4.5 | 7.2 | 4.6 | |
|
Government balance, share of GDP, % |
-1.9 |
-1.7 |
-2.0 |
-7.2 | -6.2 | -6.7 | ||
|
Consumer prices, YOY % change |
0.1 |
0.4 |
2.4 |
4.0 | 2.2 | 5.3 | 10.8 | 21.9 |
|
Foreign direct investment, million USD |
- 5.855 |
3.515 |
6.460 |
4.256 | 7.047 | 7.559 | 8.571 | |
|
Political stability risk (-2.5 weak; 2.5 strong) |
0.75 |
0.65 |
0.81 |
|||||
|
Corruption Perception Index (100=lowest corruption) |
48 |
45 |
46 |
44 | 44 | 43 | 42 | 42 |
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 25th largest export market (goods) in 2023.
- During the period from 2017 and 2022, Denmark's exports to Hungary grew at an annual rate of 36.9%, rising from USD 131 million to USD 632 million.
- The commodity group with the highest export value was general industrial machinery and equipment, as well pharmaceutical products.
Import
- During the period from 2017 and 2022, exports of Hungary to Denmark have increased at an annualized rate of 64.5%, from $71.8M to $864M
- The commodity group with the highest import value was general industrial machinery and equipment, cars and machine parts.
Direct investment
Denmark is the 21st largest investor in Hungary in terms of foreign direct capital stock in the country, with a direct capital investment stock of USD 1,374.23 million in 2022, accounting for 1.3% of the total FDI stock in Hungary.
Table 1: Denmark's trade with Hungary since 2017 (goods)
|
Million USD |
2017 |
2018 |
2019 |
2020 |
2021 |
|
Export |
545 |
591 |
508 |
502 |
599 |
|
Import |
820 |
862 |
817 |
725 |
823 |
Table 2: Largest export categories in 2022
| Export goods category |
Volume (million USD) |
|
Machinery, mechanical appliances and parts |
157 |
|
Medicinal And Pharmaceutical Products |
113 |
|
Plastics and articles thereof |
89 |
| Electrical machinery and electronics |
76 |
|
Total goods exports to Hungary |
632 |