Hungary PESTLE Insights - A Macroeconomic Outlook Report
Description
Hungary PESTLE Insights - A Macroeconomic Outlook Report
Summary
Mining, manufacturing and utilities contributed 24.7% to the gross value added (GVA) in 2022, followed by financial intermediation, real estate and business activities (23.2%), and other services (19.5%). In nominal terms, the three sectors are forecast to grow by 9.7%, 9.9% and 9.5%, respectively, in 2023.
Central Hungary (including the sub-regions of Budapest and Pest) and Lowland and north Hungary generated around 74.2% of Hungarian GDP (2020) and comprised 69.9% of the country’s population, in 2021.
The BUX Index exhibited a volatile trend over past year. As of January 24, 2023, the Index stood at 46,856.2, compared to 51,325.3 on January 24, 2022.
Scope
Summary
Mining, manufacturing and utilities contributed 24.7% to the gross value added (GVA) in 2022, followed by financial intermediation, real estate and business activities (23.2%), and other services (19.5%). In nominal terms, the three sectors are forecast to grow by 9.7%, 9.9% and 9.5%, respectively, in 2023.
Central Hungary (including the sub-regions of Budapest and Pest) and Lowland and north Hungary generated around 74.2% of Hungarian GDP (2020) and comprised 69.9% of the country’s population, in 2021.
The BUX Index exhibited a volatile trend over past year. As of January 24, 2023, the Index stood at 46,856.2, compared to 51,325.3 on January 24, 2022.
Scope
- In June 2022, the European Union announced to invest EUR5.4 billion ($5.5 billion) to support sustainable, safe, and efficient transport infrastructure in Hungary.
- 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.
Table of Contents
45 Pages
- 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
- Outlook
- List of Figures
- 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: 1–100)
- Exhibit 3: Broad categories and weights behind the index
- Exhibit 4: Hungary stock exchange index – BUX Index (January 2022 – January 2023)
- Exhibit 5: Hungary exchange rate (January 2022 – January 2023)
- Exhibit 6: Key sectors’ contribution to the economy (2018–25f)
- Exhibit 7: FDI flows (Q4 2020–Q4 2021) and FDI by sector (Q3 2021–Q4 2021)
- Exhibit 8: FDI by countries and region (Q1 2021–Q4 2021)
- Exhibit 9: Key infrastructure indicators
- Exhibit 10: Real GDP and household consumption growth rate (2018–25f)
- Exhibit 11: Real GDP growth rate comparison (2022e)
- Exhibit 12: Volume of exports and imports of goods and services (2018–25f)
- Exhibit 13: Current account balance (2018–25f)
- Exhibit 14: Top three commodity exports, % of total exports (2018–21)
- Exhibit 15: Electrical machinery and equipment and parts thereof, % of world’s total (2021)
- Exhibit 16: Interest rates (December 2017 – December 2022)
- Exhibit 17: Exchange rate and inflation (2018–25f)
- Exhibit 18: Public finance (2018–25f)
- Exhibit 19: General government debt (2018–25f)
- Exhibit 20: Unemployment (2018–25f)
- Exhibit 21: Average annual wages (2018–25f)
- Exhibit 22: Labor cost index (2018–25f)
- Exhibit 23: Rural/urban share of total population (1995, 2005, 2015, 2025)
- Exhibit 24: Age-group share of total population (1995, 2005, 2015, 2025)
- Exhibit 25: Gender split (1995, 2005, 2015, 2025)
- Exhibit 26: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2022e)
- Exhibit 27: Number of patents granted per million people (2021)
- Exhibit 28: High-technology exports, % of manufactured exports (2021)
- Exhibit 29: Rule of law index (ranking) 2022
- Exhibit 30: Corruption perception index (rankings) (2022)
- Exhibit 31: Renewable energy, installed capacity (2016–20)
- Exhibit 32: CO2 emissions (2017–21)
Pricing
Currency Rates
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