Macroeconomic Outlook Report: Hungary

Macroeconomic Outlook Report: Hungary

Summary

Financial intermediation, real estate, and business activities contributed 27.0% to the gross value added (GVA) in 2024, followed by mining, manufacturing, and utilities (21.5%) and wholesale, retail, and hotels (12.3%). In nominal terms, the three sectors are forecast to grow by 7.8%, 6.0%, and 7.1% in 2025, respectively.

Budapest and Gyor-Moson-Sopron accounted for approximately 53.8% of Hungarian GDP (2024) and 36.3% of the country’s population in 2024, according to GlobalData’s cities database.

As of May 2025, the Guangdong-Hong Kong-Macao Greater Bay Area and Hungary held an Economic and Trade Cooperation Conference in Budapest, marking a significant development in their economic relationship. During this high-level meeting, 36 investment projects were signed, totaling over $3.8 billion, with major companies from the Greater Bay Area partnering with Hungarian firms.

Scope

• Macroeconomic Country Outlook Reports evaluate a country's investment potential through its political, economic, social, technological, legal, and environmental (PESTLE) framework.
• This comprehensive analysis offers a holistic view of the economy, serving as a strategic tool to understand market dynamics, business potential, and operational direction. Each PESTLE factor is examined based on four parameters: current strengths, current challenges, future prospects, and future risks.
• These insights support strategic planning by highlighting opportunities and risks within the economy, helping businesses and investors make informed decisions.
• The report aims to provide a detailed understanding of the country's macroeconomic environment to facilitate effective decision-making and strategy development.

• 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.