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Economy of Hungary

Population: 9.9 million in 2013¹

GDP: $130 billion in 2013²

GDP per capita: $13,481 nominal³ ($22,878 PPP⁴) in 2013

GDP growth rate: 1.5% in 2013⁵

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ billions) 2012	Percent of total
Other activities	49	41.8%
Manufacturing	26	22.2%
Wholesale, retail trade, restaurants and hotels	17	14.3%
Transport, storage and communication	10	8.9%
Construction	5	4.0%
Mining and utilities	5	4.0%
Agriculture, hunting, forestry, fishing	5	4.6%
Total value added	117	100%

Employment

Unemployment rate: 10.2% in 2013⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Manufacturing	823	20.9%
Wholesale trade, retail trade and repair of motor vehicles	539	13.7%
Public administration and defence	345	8.8%
Education	316	8.0%
Human health and social work	271	6.9%
Transportation and storage	263	6.7%
Construction	250	6.3%
Agriculture, forestry and fishing	194	4.9%
Accommodation and food service	163	4.1%
Professional, scientific and technical	153	3.9%
Administrative and support service	141	3.6%
Information and communication	112	2.8%
Finance and insurance	96	2.4%
Other service	84	2.1%
Water supply, sewerage and waste management	64	1.6%
Arts, entertainment and recreation	57	1.4%
Electricity, gas, steam and air conditioning	31	0.8%
Real estate	20	0.5%
Mining and quarrying	10	0.2%
Extraterritorial organizations and bodies	3	0.1%
Activities of households as employers	3	0.1%
Total employment	3,938	100%

Corporations

Top 10 Corporations by Revenue 2013⁹

N/A

Households

Household Wealth: $245 billion (88% of GDP) in 2014¹⁰

Household Wealth per Adult: $30,895 in 2014¹⁰

Gini Coefficient: .289 in 2011¹¹

Government

Central Government

Central Government Revenue: $64 billion (49% of GDP) in 2013¹²

Central Government Expenditure: $66 billion (51% of GDP) in 2013¹²

Central Government Budget Balance: -$2 billion (-2% of GDP) in 2013¹²

Central Government Public Debt: $85 billion (66% of GDP) in Q4 2014* ¹³

Central Government 10 Year Bond Interest Rate: 2.84% on Jan 29, 2015¹⁴

* Public debt calculated using the exchange rate 275.2 HUF = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013¹⁵

16%: $0+

Corporate Tax Rate: 19% in 2014¹⁶

Monetary Policy

Money Supply (M0): $16 billion (13% of GDP) in Dec 2014* ¹⁷

Benchmark Interest Rate: 2.10% in Dec 2014¹⁸

Total Reserves: $47 billion (36% of GDP) in 2013¹⁹

Exchange Rate: 275.2 Hungarian Forint = 1 U.S. Dollar on Feb 1, 2015²⁰

Inflation: 1.7% in 2013²¹

* Money supply calculated using the exchange rate 275.2 HUF = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2013²²

N/A (data not available at Relbanks.com)

International Accounts

Exports: $93 billion (72% of GDP) in 2013²³

Imports: $89 billion (69% of GDP) in 2013²³

Trade Balance: +$4 billion (3% of GDP) in 2013²³

Foreign Direct Investment Inflow: $3 billion (2% of GDP) in 2013²⁴

Foreign Direct Investment Outflow: $2 billion (2% of GDP) in 2013²⁴

Foreign Aid Inflow: N/A

Foreign Aid Outflow: N/A

References