Hungary Economic Statistics and Indicators
29, Apr 2017, EDT. Welcome to the Hungary economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Hungary › Change country
National or Regional Currency: Forint, HUF
Year of data: 2015 › Change year
Number of Indicators Listed: 39
Full Dataset: From Year 1980 to 2021
Date of Last Update: 30th June 2016
Population: 9,919,128 (July 2014 est.)
Area: total: 93,028 sq km ; land: 89,608 sq km ; water: 3,420 sq km
Natural Resources: bauxite, coal, natural gas, fertile soils, arable land
Capital: name: Budapest ; geographic coordinates: 47 30 N, 19 05 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
Hungary has made the transition from a centrally planned to a market economy, with a per capita income nearly two-thirds that of the EU-28 average. In late 2008, Hungary's impending inability to service its short-term debt - brought on by the global financial crisis - led Budapest to obtain an IMF/EU/World Bank-arranged financial assistance package worth over $25 billion. The global economic downturn, declining exports, and low domestic consumption and fixed asset accumulation, dampened by government austerity measures, resulted in a severe economic contraction in 2009. In 2010 the new government implemented a number of changes including cutting business and personal income taxes, but imposed "crisis taxes" on financial institutions, energy and telecom companies, and retailers. The IMF/EU bail-out program lapsed at the end of the year and was replaced by Post Program Monitoring and Article IV Consultations on overall economic and fiscal processes. At the end of 2011 the government turned to the IMF and the EU to obtain financial backstop to support its efforts to refinance foreign currency debt and bond obligations in 2012 and beyond, but Budapest's rejection of EU and IMF economic policy recommendations led to a breakdown in talks with the lenders in late 2012. Global demand for high yield has since helped Hungary to obtain funds on international markets. Hungary’s progress reducing its deficit to under 3% of GDP led the European Commission in 2013 to permit Hungary for the first time since joining the EU in 2004 to exit the Excessive Deficit Procedure.
More on the Hungary Economy
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GDP (Constant Prices, National Currency) for Hungary in year 2015 is HUF 24,176.20 Billion.
GDP (Current Prices, National Currency) for Hungary in year 2015 is HUF 33,711.84 Billion.
GDP (Current Prices, US Dollars) for Hungary in year 2015 is US$ 120.636 Billion.
GDP Deflator for Hungary in year 2015 is 139.442 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Constant Prices, National Currency) for Hungary in year 2015 is HUF 2,452,942.57 .
GDP Per Capita (Current Prices, National Currency) for Hungary in year 2015 is HUF 3,420,438.31 .
GDP Per Capita (Current Prices, US Dollars) for Hungary in year 2015 is US$ 12,239.89 .
GDP (PPP), US Dollars for Hungary in year 2015 is US$ 258.444 Billion.
GDP Per Capita (PPP), US Dollars for Hungary in year 2015 is US$ 26,221.99 .
Implied PPP Conversion Rate for Hungary in year 2015 is 130.442 .
Investment (% of GDP) for Hungary in year 2015 is 21.969 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Hungary in year 2015 is 111.45 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Hungary in year 2015 is 111.045 (Index, Base Year 2000 = 100).
Population for Hungary in year 2015 is 9.856 Million .
General government revenue (National Currency) for Hungary in year 2015 is HUF 16,181.29 Billions.
General government total expenditure (National Currency) for Hungary in year 2015 is HUF 16,934.22 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Hungary in year 2015 is HUF -752.926 Billions.
General Government Structural Balance (National Currency) for Hungary in year 2015 is HUF -518.236 Billion.
Fiscal Year Gross Domestic Product, Current Prices for Hungary in year 2015 is HUF 33,711.84 Billions.
Current Account Balance (US Dollars) for Hungary in year 2015 is US$ 6.141 Billion.
|Number of Internet Users for Hungary|
|Internet Penetration Rate for Hungary|
|Number of Facebook Accounts for Hungary|
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|Corruption Perceptions Index Rank and Score for Hungary|
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International