Browse a full set of economic indicators


Includes historical data for Hungary’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Strategic Location And Low Taxes Attract Foreign Investment

Since the collapse of communism in 1989, Hungary has transitioned from a centrally planned economy to a modern, open-market, West-oriented economy. With its strategic central location within Europe and its convenient access to regional markets, diversified economy, robust infrastructure and skilled workforce, this country of approximately 10 million people has become a significant recipient of international investment. Low corporate taxes and other incentives further enhance its appeal.

However, Hungary also faces challenges, including corruption, inequality and labor shortage issues. Furthermore, the economy is vulnerable to fluctuations in export demand. Disputes with the EU over the rule of law pose additional concerns.

Macroeconomy & Sovereign Data

Type of Government Parliamentary republic
Capital Budapest
Sovereign Ratings S&P: BBB–
Moody’s: Baa2
Fitch: BBB
Total Population 9.6 million
Median Age 42.5
Adult Per Capita Income (PPP) 37,040.60
Total GDP (2023) 223.4 billion

Hungary GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 147.4 billion (2023)
Leading Exports Cars And Vehicle Parts
Electric Batteries
Video Displays
Packaged Medicines
Spark-Ignition Engines
Broadcasting Equipment
Total Imports USD 148.8 billion (2022)
Leading Imports Cars And Vehicle Parts
Integrated Circuits
Packaged Medicines
Broadcasting Equipment
Crude Petroleum
Source: World Integrated Trade Solution

Hungary Leading Companies

OTP Bank Financials
MBH Bank Financials
MOL Hungarian Oil Oil & Gas Exploration & Production
MVM Group Electric Utilities
Richter Gedeon Co. Pharmaceuticals, Biotechnology & Life Sciences
Videoton Industrials, Machinery & Equipment
Wizz Air Airlines

Major Trade Partners — Import

Germany 24%
China 7%
Austria 6%
Slovak Republic 6%
Poland 6%

Source: World Integrated Trade Solution

Major Trade Partners — Export

Germany 27%
Italy 6%
Romania 5%
Slovak Republic 5%
Austria 5%

Source: World Integrated Trade Solution

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000