PESTLE Insights: Macroeconomic Outlook Report - Hungary

PESTLE Insights: Macroeconomic Outlook Report - Hungary

Summary

Mining, manufacturing and utilities activity contributed 23.83% to the gross value added (GVA) in 2018, followed by financial intermediation, real estate and business activity (21.37%), and other services (19.71%). In nominal terms, the three sectors are expected to grow by 8.5%, 5.9% and 5.9%, respectively in 2019.

Central Hungary (including the sub-regions of Budapest and Pest) and Transdanubia (including the sub-regions of Central Transdanubia, Western Transdanubia and Southern Transdanubia) generated around 73.57% of Hungarian GDP and comprised 60.04% of the country’s population, as of 2017.

The overall Budapest Stock Market Index (BUX) exhibited a robust upward trend over the past year. As of October 24, 2019, BUX stood at 42,475.53 in comparison to 36,452.74 on October 24, 2018, witnessing a y-o-y growth of 16.52%.

Scope

• As per the Global Competitiveness Report 2019, Hungary’s infrastructure ranked 27th out of 141 nations, with a score of 80.7 out of 100.
• Under the Modern Cities program, the Hungarian government plans to invest US$12.3bn across 260 projects by 2022, in the areas associated to education, healthcare, water, urban development, energy and transport.

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.