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The economy of Hungary is a high-income mixed economy, ranked as the 9th most complex economy according to the Economic Complexity Index. Hungary is a member of the Organisation for Economic Co-operation and Development (OECD) with a very high human development index and a skilled labour force , with the 22nd lowest income inequality by Gini index in the world.
May 2, 2024 · Economic Survey of Hungary (March 2024) After a strong demand-based recovery following the COVID-19 pandemic, economic activity declined amid high inflation. Growth has restarted in mid-2023 and inflation is receding, but fiscal and monetary policies need to work hand-in-hand to fight remaining inflationary pressures and recreate fiscal space ...
Feb 23, 2023 · Hungary and the OECD. This document sets out when Hungary joined the OECD, what its permanent delegation does, and the benefits of OECD membership. Data, policy advice and research on Hungary including economy, education, employment, environment, health, tax, trade, GDP, unemployment rate, inflation and PISA.
Hungary's economy in numbers: Nominal GDP of USD 177 billion in 2022. GDP per capita of USD 18,297 compared to the global average of USD 10,589. Average real GDP growth of 2.9% over the last decade. Share of the region's population.
The rate at which Hungary is catching up with the average income level in the EU has accelerated since 2017. Hungary’s GDP per person rose from around 69% of the EU average in 2017 to 74.7% in 2022. The labour market has improved significantly, with the employment rate (80.2%) rising well above the EU average and the unemployment rate
Hungary has an open, export-orientated economy that recorded a positive trade balance each year between 2011 and 2020. However, 2021 brought negative values in terms of the trade balance of goods ...
Debt is projected to rise to 74.3% of GDP in 2024, driven by lower nominal GDP growth and a high budget deficit, before falling again to 73.8% in 2025. The latest macroeconomic forecast for Hungary. The European Commission publishes a full set of macroeconomic forecasts for the EU and its Member States in spring (May) and autumn (November) and ...
