Hungary Economic Statistics and Indicators

27, May 2012, CEST. 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: 2010 › Change year
Number of Indicators Listed: 40
Full Dataset: From Year 1980 to 2016
Date of Last Update: 1st August 2011
Population: 9,976,062 (July 2011 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
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International

Hungary has made the transition from a centrally planned economy to an open market economy. The private sector makes up a large part of the nation's GDP. Foreign ownership and investment in Hungarian firms are widespread. The government facse challenges with investment-grade sovereign debt.
More on the Hungary Economy
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Economic Indicator Listing
  For Hungary in year 2010 Indicator Value
GDP Growth (Constant Prices, National Currency) 1.21 %
GDP (Current Prices, National Currency)HUF 26,918.14 Billion.
GDP (Current Prices, US Dollars)US$ 128.96 Billion
GDP Deflator 167.104 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)HUF 1,608,772.48 .
GDP Per Capita (Current Prices, National Currency)HUF 2,688,318.92 .
GDP Per Capita (Current Prices, US Dollars)US$ 12,879.30
GDP (PPP), US DollarsUS$ 187.627 Billion
GDP Per Capita (PPP), US DollarsUS$ 18,738.39
GDP Share of World Total (PPP) 0.254 %
Implied PPP Conversion Rate 143.466
Investment (% of GDP) 17.787 %
Gross National Savings (% of GDP) 19.356 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 129.934 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 4.852 %
Inflation, End of Year (Indexed to Year 2000) 131.017 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 4.2 %
Import Volume of All Items Including Goods and Services (Percent Change) 11.527 %
Import Volumes of Goods Only (Percent Change) 11.527 %
Export Volume of All Items Including Goods and Services (Percent Change) 13.864 %
Export Volumes of Goods Only (Percent Change) 13.864 %
Value of Oil ImportsUS$ 5.855 Billions
Value of Oil ExportsUS$ 0 Billions
Unemployment Rate (% of Labour Force) 11.243 %
Population 10.013 Million
General government revenue (National Currency)HUF 12,018.30 Billions.
General government revenue (% of GDP) 44.648 %
General government total expenditure (National Currency)HUF 13,109.03 Billions.
General government total expenditure (% of GDP) 48.7 %
Total Government Net Lending/ Borrowing (National Currency)HUF -1,090.73 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -4.052 %
General Government Structural Balance (National Currency)HUF -881.316 Billion.
General Government Structural Balance (% Potential GDP) -3.09 %
General Government Balance (National Currency)HUF -71.901 Billion.
General Government Balance (% of GDP) -0.267 %
Total Government Net Debt (National Currency)HUF 19,749.95 Billion.
Total Government Net Debt (% of GDP) 73.37 %
Total Government Gross Debt (National Currency)HUF 21,635.77 Billion.
Total Government Gross Debt (% of GDP) 80.376 %
Fiscal Year Gross Domestic Product, Current PricesHUF 26,918.14 Billions.
Current Account Balance (US Dollars)US$ 2.024 Billion
Current Account Balance (% GDP) 1.569 %
Economic Indicators for Hungary 2010

GDP (Constant Prices, National Currency) for Hungary in year 2010 is HUF 16,108.64 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Hungary in year 2010 is 1.21 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Hungary in year 2010 is HUF 26,918.14 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Hungary in year 2010 is US$ 128.96 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions.

GDP Deflator for Hungary in year 2010 is 167.104 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Hungary in year 2010 is HUF 1,608,772.48 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Hungary in year 2010 is HUF 2,688,318.92 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Hungary in year 2010 is US$ 12,879.30 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

GDP (PPP), US Dollars for Hungary in year 2010 is US$ 187.627 Billion. Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

GDP Per Capita (PPP), US Dollars for Hungary in year 2010 is US$ 18,738.39 . Gross domestic product based on purchasing-power-parity (PPP) per capita GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

GDP Share of World Total (PPP) for Hungary in year 2010 is 0.254 %. Gross domestic product based on purchasing-power-parity (PPP) share of world total. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

Implied PPP Conversion Rate for Hungary in year 2010 is 143.466 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

Investment (% of GDP) for Hungary in year 2010 is 17.787 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

Gross National Savings (% of GDP) for Hungary in year 2010 is 19.356 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Hungary in year 2010 is 129.934 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Hungary in year 2010 is 4.852 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Hungary in year 2010 is 131.017 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Hungary in year 2010 is 4.2 %. Data for inflation are end of the period, not annual average data.

Import Volume of All Items Including Goods and Services (Percent Change) for Hungary in year 2010 is 11.527 %.

Import Volumes of Goods Only (Percent Change) for Hungary in year 2010 is 11.527 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Hungary in year 2010 is 13.864 %.

Export Volumes of Goods Only (Percent Change) for Hungary in year 2010 is 13.864 %.

Value of Oil Imports for Hungary in year 2010 is US$ 5.855 Billions. Value is equal to the price per unit of quantity of oil imports multiplied by the number of quantity units.

Value of Oil Exports for Hungary in year 2010 is US$ 0 Billions. Value is equal to the price per unit of quantity of oil exports multiplied by the number of quantity units.

Unemployment Rate (% of Labour Force) for Hungary in year 2010 is 11.243 %.

Population for Hungary in year 2010 is 10.013 Million .

General government revenue (National Currency) for Hungary in year 2010 is HUF 12,018.30 Billions. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

General government revenue (% of GDP) for Hungary in year 2010 is 44.648 %. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

General government total expenditure (National Currency) for Hungary in year 2010 is HUF 13,109.03 Billions. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

General government total expenditure (% of GDP) for Hungary in year 2010 is 48.7 %. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

Total Government Net Lending/ Borrowing (National Currency) for Hungary in year 2010 is HUF -1,090.73 Billions. Net lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities.

Total Government Net Lending/ Borrowing (% of GDP) for Hungary in year 2010 is -4.052 %.

General Government Structural Balance (National Currency) for Hungary in year 2010 is HUF -881.316 Billion. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

General Government Structural Balance (% Potential GDP) for Hungary in year 2010 is -3.09 %. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

General Government Balance (National Currency) for Hungary in year 2010 is HUF -71.901 Billion. Primary net lending/borrowing is net lending (+)/borrowing (?) plus net interest payable/paid (interest expense minus interest revenue).

General Government Balance (% of GDP) for Hungary in year 2010 is -0.267 %. Primary net lending/borrowing is net lending (+)/borrowing (?) plus net interest payable/paid (interest expense minus interest revenue).

Total Government Net Debt (National Currency) for Hungary in year 2010 is HUF 19,749.95 Billion. Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable.receivable.

Total Government Net Debt (% of GDP) for Hungary in year 2010 is 73.37 %. Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable.

Total Government Gross Debt (National Currency) for Hungary in year 2010 is HUF 21,635.77 Billion. Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

Total Government Gross Debt (% of GDP) for Hungary in year 2010 is 80.376 %. Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

Fiscal Year Gross Domestic Product, Current Prices for Hungary in year 2010 is HUF 26,918.14 Billions. Gross domestic product corresponding to fiscal year is the country's GDP based on the same period during the year as their fiscal data. In the case of countries whose fiscal data are based on a fiscal calendar (e.g., July to June), this series would be the country's GDP over that same period. For countries whose fiscal data are based on a calendar year (i.e., January to December), this series will be the same as their GDP in current prices.

Current Account Balance (US Dollars) for Hungary in year 2010 is US$ 2.024 Billion. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Current Account Balance (% GDP) for Hungary in year 2010 is 1.569 %. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

* Source: IMF
Aggregate Indicators for Hungary
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Hungary
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Hungary
  Natural Resources, Agricultural Products, Land Use and Water Use for Hungary
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Hungary
  Age Structure, Median Age, Gender and Urbanization for Hungary
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Hungary
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Hungary
  HIV, AIDS and Other Major Infectious Disease Rates for Hungary
  Nationality, Ethnic Groups, Languages and Religions for Hungary
  Literacy Rate, Educational Expenditure and School Life Expectancy for Hungary
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Hungary
  Labor Force by Occupation for Hungary
  Poverty Line, Gini Index, Household Income and Consumption for Hungary
  National Budget and Public Debt for Hungary
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Hungary
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Hungary
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Hungary
  Industries and Industrial Growth Production Rate for Hungary
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Hungary
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Hungary
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Hungary
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Hungary
  Foreign Exchange Reserves and Gold Reserves for Hungary
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Hungary
  Exchange Rate Statistics for Hungary
  Television and Radio Statistics (TV Stats, Radio Stats) for Hungary
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Hungary
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Hungary
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Hungary
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Hungary
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Hungary
* Source: CIA
Internet Indicators for Hungary
Indicators
  Number of Internet Users for Hungary
  Internet Penetration Rate for Hungary
  Number of Facebook Accounts for Hungary
  Facebook Penetration Rate for Hungary
* Source: IWS
Economic Freedom Indicators for Hungary
Indicators
  Economic Freedom World Rank for Hungary
  Economic Freedom Regional Ranking for Hungary
  Business Freedom for Hungary
  Trade Freedom for Hungary
  Fiscal Freedom for Hungary
  Government Spending for Hungary
  Monetary Freedom for Hungary
  Investment Freedom for Hungary
  Financial Freedom for Hungary
  Property Rights for Hungary
  Freedom from Corruption for Hungary
  Labor Freedom for Hungary
  Tariff Rate for Hungary
  Income Tax Rate for Hungary
  Corporate Tax Rate for Hungary
  Tax Burden % of GDP for Hungary
  Government Expenditure % of GDP for Hungary
* Source: HFO
Corruption Perceptions Index Rank and Score for Hungary
Indicator
  Corruption Perceptions Index Rank and Score for Hungary
* Source: TIO
Hungary Economic Indicators in other Years
  Hungary Economic Indicators for Year 2016 (Forecast)
  Hungary Economic Indicators for Year 2015 (Forecast)
  Hungary Economic Indicators for Year 2014 (Forecast)
  Hungary Economic Indicators for Year 2013 (Forecast)
  Hungary Economic Indicators for Year 2012 (Forecast)
  Hungary Economic Indicators for Year 2011 (Forecast)
Hungary Economic Indicators for Year 2010 (Current)
  Hungary Economic Indicators for Year 2009
  Hungary Economic Indicators for Year 2008
  Hungary Economic Indicators for Year 2007
  Hungary Economic Indicators for Year 2006
  Hungary Economic Indicators for Year 2005
  Hungary Economic Indicators for Year 2004
  Hungary Economic Indicators for Year 2003
  Hungary Economic Indicators for Year 2002
  Hungary Economic Indicators for Year 2001
  Hungary Economic Indicators for Year 2000
  Hungary Economic Indicators for Year 1999
  Hungary Economic Indicators for Year 1998
  Hungary Economic Indicators for Year 1997
  Hungary Economic Indicators for Year 1996
  Hungary Economic Indicators for Year 1995
  Hungary Economic Indicators for Year 1994
  Hungary Economic Indicators for Year 1993
  Hungary Economic Indicators for Year 1992
  Hungary Economic Indicators for Year 1991
  Hungary Economic Indicators for Year 1990
  Hungary Economic Indicators for Year 1989
  Hungary Economic Indicators for Year 1988
  Hungary Economic Indicators for Year 1987
  Hungary Economic Indicators for Year 1986
  Hungary Economic Indicators for Year 1985
  Hungary Economic Indicators for Year 1984
  Hungary Economic Indicators for Year 1983
  Hungary Economic Indicators for Year 1982
  Hungary Economic Indicators for Year 1981
  Hungary Economic Indicators for Year 1980