Hungary - Macroeconomic Outlook Report

Hungary - Macroeconomic Outlook Report


Financial intermediation, real estate, and business activities contributed 24.4% to the gross value added (GVA) in 2023, followed by mining, manufacturing, and utilities, (23.9%) and wholesale, retail and hotels (13.7%). In nominal terms, the three sectors are forecast to grow by 6.9%, 6.7%, and 6.9%, respectively, in 2024.

Budapest generated around 47.9% of Hungarian GDP (2023) and comprised 31.6% of the country’s population, in 2023, according to GlobalData’s cities database

The BUX Index exhibited a volatile trend over past year. As of January 9, 2024, the index stood at 61,374.1, compared to 45,832.5 on January 9, 2023.


In August 2023, Hungary's Ministry of Construction and Transport introduced a 10-year railway development plan. It focuses on modernizing the rail network, including upgrading Budapest's HÉV lines, improving intercity connections, and enhancing county routes in collaboration with Volán.

Reasons to Buy

Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.

List of Exhibits
Did You Know?
Country Highlights
Key Economic Updates
Country Snapshot
Political Landscape
Economic Landscape
Social Landscape
Technological Landscape
Legal Landscape
Environmental Landscape
List of Tables
Exhibit 1: Hungary’s performance in terms of its country risk analysis in comparison to East Europe and the World average
Exhibit 2: Performance overview (score: 0–100)
Exhibit 3: Broad categories and weights behind the index
Exhibit 4: Hungary stock exchange index – BUX Index
Exhibit 5: Key sectors’ contribution to the economy
Exhibit 6: FDI inflows and FDI inward stock (2018–22)
Exhibit 7: Greenfield FDI projects and net cross border M&A deals (2018–22)
Exhibit 8: Key infrastructure indicators
Exhibit 9: Real GDP and household consumption growth rate (2019–26f)
Exhibit 10: Real GDP growth rate comparison (2023e)
Exhibit 11: Volume of exports and imports growth (2019–26f)
Exhibit 12: Current account balance (2019–26f)
Exhibit 13: Top three commodity exports, % of total exports (2018–22)
Exhibit 14: Exports of electrical machinery and equipment and parts thereof, % share of the world’s total (2022)
Exhibit 15: Interest rates (January 2019 – January 2024)
Exhibit 16: Exchange rate and inflation (2019–26f)
Exhibit 17: General government deficit (2019–26f)
Exhibit 18: General government debt (2019–26f)
Exhibit 19: Unemployment rate (2019–26f)
Exhibit 20: Labor force participation rate (2019–26f)
Exhibit 21: Average annual wages (2019–26f)
Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025f)
Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025f)
Exhibit 24: Gender split (1995, 2005, 2015, 2025f)
Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2023e)
Exhibit 26: Number of patents granted per million population (2022)
Exhibit 27: High-technology exports, % of manufactured exports (2022)
Exhibit 28: Rule of law (rankings) 2023
Exhibit 29: Corruption perceptions index (rankings) (2023)
Exhibit 30: Renewable energy capacity (2018–23)
Exhibit 31: CO2 emissions (2018–22)

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings