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
More on the Hungary Export, Import and Trade

Economic Indicator Listing
  For Hungary in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 2.939 %
GDP (Current Prices, National Currency)HUF 33,711.84 Billion.
GDP (Current Prices, US Dollars)US$ 120.636 Billion
GDP Deflator 139.442 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)HUF 2,452,942.57 .
GDP Per Capita (Current Prices, National Currency)HUF 3,420,438.31 .
GDP Per Capita (Current Prices, US Dollars)US$ 12,239.89
GDP (PPP), US DollarsUS$ 258.444 Billion
GDP Per Capita (PPP), US DollarsUS$ 26,221.99
GDP Share of World Total (PPP) 0.228 %
Implied PPP Conversion Rate 130.442
Investment (% of GDP) 21.969 %
Gross National Savings (% of GDP) 27.076 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 111.45 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) -0.1 %
Inflation, End of Year (Indexed to Year 2000) 111.045 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 0.9 %
Import Volume of All Items Including Goods and Services (Percent Change) 7.8 %
Import Volumes of Goods Only (Percent Change) 6.656 %
Export Volume of All Items Including Goods and Services (Percent Change) 8.401 %
Export Volumes of Goods Only (Percent Change) 5.966 %
Unemployment Rate (% of Labour Force) 6.854 %
Population 9.856 Million
General government revenue (National Currency)HUF 16,181.29 Billions.
General government revenue (% of GDP) 47.999 %
General government total expenditure (National Currency)HUF 16,934.22 Billions.
General government total expenditure (% of GDP) 50.232 %
Total Government Net Lending/ Borrowing (National Currency)HUF -752.926 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -2.233 %
General Government Structural Balance (National Currency)HUF -518.236 Billion.
Fiscal Year Gross Domestic Product, Current PricesHUF 33,711.84 Billions.
Current Account Balance (US Dollars)US$ 6.141 Billion
Current Account Balance (% GDP) 5.091 %
Economic Indicators for Hungary 2015

GDP (Constant Prices, National Currency) for Hungary in year 2015 is HUF 24,176.20 Billion.

GDP Growth (Constant Prices, National Currency) for Hungary in year 2015 is 2.939 %.

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 .

GDP Share of World Total (PPP) for Hungary in year 2015 is 0.228 %.

Implied PPP Conversion Rate for Hungary in year 2015 is 130.442 .

Investment (% of GDP) for Hungary in year 2015 is 21.969 %.

Gross National Savings (% of GDP) for Hungary in year 2015 is 27.076 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Hungary in year 2015 is 111.45 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Hungary in year 2015 is -0.1 %.

Inflation, End of Year (Indexed to Year 2000) for Hungary in year 2015 is 111.045 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Hungary in year 2015 is 0.9 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Hungary in year 2015 is 7.8 %.

Import Volumes of Goods Only (Percent Change) for Hungary in year 2015 is 6.656 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Hungary in year 2015 is 8.401 %.

Export Volumes of Goods Only (Percent Change) for Hungary in year 2015 is 5.966 %.

Unemployment Rate (% of Labour Force) for Hungary in year 2015 is 6.854 %.

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 revenue (% of GDP) for Hungary in year 2015 is 47.999 %.

General government total expenditure (National Currency) for Hungary in year 2015 is HUF 16,934.22 Billions.

General government total expenditure (% of GDP) for Hungary in year 2015 is 50.232 %.

Total Government Net Lending/ Borrowing (National Currency) for Hungary in year 2015 is HUF -752.926 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Hungary in year 2015 is -2.233 %.

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.

Current Account Balance (% GDP) for Hungary in year 2015 is 5.091 %.

* 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
  Nationality, Ethnic Groups, Languages and Religions 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
  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
  Industries and Industrial Growth Production Rate 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
  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
  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
  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
  Government Spending for Hungary
  Monetary Freedom for Hungary
  Investment Freedom for Hungary
  Financial Freedom for Hungary
  Property Rights for Hungary
  Economic Freedom Regional Ranking 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
  Business Freedom for Hungary
  Trade Freedom for Hungary
  Fiscal Freedom for Hungary
  2016 Score 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 2021 (Forecast)
  Hungary Economic Indicators for Year 2020 (Forecast)
  Hungary Economic Indicators for Year 2019 (Forecast)
  Hungary Economic Indicators for Year 2018 (Forecast)
  Hungary Economic Indicators for Year 2017 (Forecast)
  Hungary Economic Indicators for Year 2016 (Forecast)
Hungary Economic Indicators for Year 2015 (Current)
  Hungary Economic Indicators for Year 2014
  Hungary Economic Indicators for Year 2013
  Hungary Economic Indicators for Year 2012
  Hungary Economic Indicators for Year 2011
  Hungary Economic Indicators for Year 2010
  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


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International