Hungary PESTLE Insights - A Macroeconomic Outlook Report
Hungary PESTLE Insights - A Macroeconomic Outlook Report
SUMMARY
Mining, manufacturing and utilities activity contributed 25.6% to the gross value added (GVA) in 2019, followed by financial intermediation, real estate and business activity (23.0%), and other services (20.6%). In nominal terms, mining, manufacturing and utilities activity, and financial intermediation, real estate and business activity are expected to contract by -9.4% and -9.2% and other services is expected to grow by 6.2%, respectively, in 2020.
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 73.2% of Hungarian GDP (2018) and comprised 61% of the country’s population, as of 2019.
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SUMMARY
Mining, manufacturing and utilities activity contributed 25.6% to the gross value added (GVA) in 2019, followed by financial intermediation, real estate and business activity (23.0%), and other services (20.6%). In nominal terms, mining, manufacturing and utilities activity, and financial intermediation, real estate and business activity are expected to contract by -9.4% and -9.2% and other services is expected to grow by 6.2%, respectively, in 2020.
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 73.2% of Hungarian GDP (2018) and comprised 61% of the country’s population, as of 2019.
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- 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.
- The overall Budapest Stock Market Index (BUX) exhibited a downward trend over the past year. As of November 2, 2020, BUX stood at 32,279.17 in comparison to 42,159.58 on November 1, 2019, witnessing a Y-o-Y decline of 23.44%.
- 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.
List of Exhibits
Did You Know?
Country Highlights
Country Snapshot
PESTLE Insights
Political Landscape
Economic Landscape
Social Landscape
Technological Landscape
Legal Landscape
Environmental Landscape
Outlook
Did You Know?
Country Highlights
Country Snapshot
PESTLE Insights
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
Exhibit 2: Performance Overview (Score: 1-100)
Exhibit 3: Broad Categories and Weights Behind the Index
Exhibit 4: Budapest Stock Market Index
Exhibit 5: Key Sectors’ Contribution to the Economy (2015-2019)
Exhibit 6: Net Inward and Outward FDI (2015-2019) and Inward Net FDI Flow by Activity (2019)
Exhibit 7: Net Direct Inward Investment Flows - Major Contributors (2019) and Outward FDI Flow by Destination Countries (2019)
Exhibit 8: Key Infrastructure Indicators
Exhibit 9: Real GDP And Household Consumption Growth Rate (2015-2022f)
Exhibit 10: Real GDP Growth Rate Comparison (2019)
Exhibit 11: Export, Import and Trade Balance (2015-2019)
Exhibit 12: Current Account Balance (2015-2022f)
Exhibit 13: Top Three Commodity Exports, % of Total Exports (2015-2019)
Exhibit 14: Machinery, Mechanical Appliances, Nuclear Reactors, Boilers And Parts Thereof, % Share of World’s Total (2019)
Exhibit 15: Base Interest Rates (October 2015 - October 2020)
Exhibit 16: Exchange Rate and Inflation (2015-2022f)
EXHIBIT 17: Government Revenue, Expenditure and Net Lending/Borrowing, % of GDP (2015-2022f)
Exhibit 18: General Government Debt (2015-2022f)
Exhibit 19: Unemployment Rate (2015-2022f)
Exhibit 20: Average Annual Wages (2015-2022f)
Exhibit 21: Labor Cost Index (2015-2022f)
Exhibit 22: Rural/Urban Share of Total Population (1995, 2005, 2015, 2025f)
Exhibit 23: Age-group Share of Total Population (2005, 2015, 2025f)
Exhibit 24: Gender Split (1995, 2005, 2015, 2025f)
Exhibit 25: Internet Users as a Percentage of the Total Population, Mobile and Broadband Penetration Rate (2019)
Exhibit 26: Number of Patents Granted Per Million Persons (2019)
Exhibit 27: High?technology Exports, % of Manufactured Exports (2019)
Exhibit 28: Doing Business in Hungary (2020)
Exhibit 29: Corruption Perceptions Index (Rankings) (2019)
Exhibit 30: CO2 Emissions (2015-2019)
COMPANIES MENTIONED
Balabit
K&H
MolGroup
Exhibit 1: Hungary’s Performance in terms of its Country Risk Analysis in Comparison to East Europe and the World
Exhibit 2: Performance Overview (Score: 1-100)
Exhibit 3: Broad Categories and Weights Behind the Index
Exhibit 4: Budapest Stock Market Index
Exhibit 5: Key Sectors’ Contribution to the Economy (2015-2019)
Exhibit 6: Net Inward and Outward FDI (2015-2019) and Inward Net FDI Flow by Activity (2019)
Exhibit 7: Net Direct Inward Investment Flows - Major Contributors (2019) and Outward FDI Flow by Destination Countries (2019)
Exhibit 8: Key Infrastructure Indicators
Exhibit 9: Real GDP And Household Consumption Growth Rate (2015-2022f)
Exhibit 10: Real GDP Growth Rate Comparison (2019)
Exhibit 11: Export, Import and Trade Balance (2015-2019)
Exhibit 12: Current Account Balance (2015-2022f)
Exhibit 13: Top Three Commodity Exports, % of Total Exports (2015-2019)
Exhibit 14: Machinery, Mechanical Appliances, Nuclear Reactors, Boilers And Parts Thereof, % Share of World’s Total (2019)
Exhibit 15: Base Interest Rates (October 2015 - October 2020)
Exhibit 16: Exchange Rate and Inflation (2015-2022f)
EXHIBIT 17: Government Revenue, Expenditure and Net Lending/Borrowing, % of GDP (2015-2022f)
Exhibit 18: General Government Debt (2015-2022f)
Exhibit 19: Unemployment Rate (2015-2022f)
Exhibit 20: Average Annual Wages (2015-2022f)
Exhibit 21: Labor Cost Index (2015-2022f)
Exhibit 22: Rural/Urban Share of Total Population (1995, 2005, 2015, 2025f)
Exhibit 23: Age-group Share of Total Population (2005, 2015, 2025f)
Exhibit 24: Gender Split (1995, 2005, 2015, 2025f)
Exhibit 25: Internet Users as a Percentage of the Total Population, Mobile and Broadband Penetration Rate (2019)
Exhibit 26: Number of Patents Granted Per Million Persons (2019)
Exhibit 27: High?technology Exports, % of Manufactured Exports (2019)
Exhibit 28: Doing Business in Hungary (2020)
Exhibit 29: Corruption Perceptions Index (Rankings) (2019)
Exhibit 30: CO2 Emissions (2015-2019)
COMPANIES MENTIONED
Balabit
K&H
MolGroup
