ECONOMY

General information

Capital: Budapest President: H.E. Mr. János Áder
Population: 9.8 million Prime Minister: H.E. Mr. Viktor Orbán
HUF/EUR (Jan 2018): 309.28    

 

Economic indicators

  2012 2013 2014 2015 2016 2017est.
GDP Growth -1.6% 2.1% 4.0% 3.1% 2.2% 3.2%
GDP (billion EUR) 99.4 101.9 105.6 110.8 113.7 N/A
GDP/Capita PPP (EUR) 17 448.6 17 966.2 18 829.6 19 933.2 19 754.8 N/A
Budget Deficit / GDP -2.3% -2.6% -2.1% -1.6% -1.9% 0.2%
Unemployment 11.0% 10.2% 7.7% 6.8% 5.1% 4.2%

 

Doing Business

Investment

Corporate profit tax: 9%

VAT Standard: 0-27%

 

Dedicated investment promotion agency:

Key investment sectors:

 

  • Automotive Industry
  • Medical Industry
  • ICT
  • Electronics
  • Logistics
  • Food Industry
  • Life Sciences
  • Renewable Energy
  • SSC

 

 

Trade

Dedicated trade promotion agency:

Key export sectors:

 

  • Agriculture and Food Industry
  • Health Care Industry
  • Architecture and Engineering Services
  • Environmental Industry
  • ICT
  • Chemical Industry
  • Machine Industry
  • Automotive Industry
  • Electronics Industry

Export-Import Bank:

  • Hungarian Export-Import Bank Plc. and Hungarian Export Credit Insurance Plc. https://exim.hu/en/

Chamber: