Hungary

Macroeconomicdata

Population 9,778,371 2018, HCSO
Area 93,023 km2
Capital Budapest Population 1,749,734 2018, HCSO
Inflation 2.8% 2018, HCSO
GDP growth 4.9%

GDP growth in Hungary reached 4.9% in 2018, which is the 4th highest value in the European Union. With regard to the Central European EU member states, Hungary ranked 2nd.

GDP
(PPS)
EUR
199,028
million
2017, HCSO
GDP / capital (PPS) EUR
20,334
2017, HCSO
Average gross earnings EUR
1,035
(of full-time employees)
2018, HCSO
Budget balance
-2.2%
(% of GDP)
2018, HCSO

Other major cities population

Debrecen 202,214 2018, HCSO
Szeged 161,122 2018, HCSO
Miskolc 155,65 2018, HCSO
Pécs 144,188 2018, HCSO
Győr 130,094 2018, HCSO

Investment grade with stable outlook
upgraded by Fitch and S&P in 2019

Time Zone
GMT +1 hour

Membership in international organisation
EU, UN, OECD, WTO, NATO, IMF, EC

Form of government
Parliamentary Republic

Currency
Forint (HUF)