Click here to read Rabobank's economic vision for this country. The information and publications in this tab are prepared and made available by third parties and are only available in English. No rights can be derived. Rabobank is not responsible or liable for the information and publications. Click here for the full disclaimer.

Introduction

Capital: Budapest

Population

Total Population: 9,814,023
Natural Increase: -0.3%
Density: 108 Inhabitants/km²
Urban Population: 71.7%
Population of main cities: Budapest (1,744,665); Debrecen (203,914); Szeged (161,921); Miskolc (161,265); Pécs (146,581)
Ethnic Origins: The population is comprised of more than 86% of people of Hungarian background, around 3% of Romani, 2% of Germans, and 9% of other and unspecified ethnic backgrounds. (Central Statistical Office)
Official Language: Hungarian
Other Languages Spoken: Mostly English or German.
Business Language(s): English is regularly used for business in Hungary, especially among multinational firms. However, Hungary’s smaller or state-owned firms may have principals who do not speak English. In this case, an interpreter may be used for meetings, though it is prudent to agree on this in advance. German is the second most common foreign language.
Religion: Roman Catholic 51.9%, Calvinist 15.9%, Lutheran 3%, Greek Catholic 2.6%, Other Christian 1%
National Currency: Hungarian Forint (HUF)
Exchange rate (average of the last 30 days):
1 HUF = 0.0031 EUR

Country Overview

Area: 93,030 km²
Type of State: Parliamentary democracy
Type of Economy: Upper-middle-income economy, OECD member, Ex-Transition country, Emerging Financial Market.
A European crossroads; host country to company headquarters, to logistics services or research and development departments of numerous firms.
HDI*: 0.828/1
HDI (World Rank): 44/188

Note: (*) The HDI, Human Development Index, is an Indicator Which Synthesizes Several Data Such as Life Expectancy, Level of Education, Professional Careers, Access to Culture etc.


Telecommunication

Telephone Code:
To call from Hungary, dial 00
To call Hungary, dial +36
Internet Suffix: .hu
Computers: 25.6 per 100 Inhabitants
Telephone Lines: 29.8 per 100 Inhabitants
Internet Users: 72.0 per 100 Inhabitants
Access to Electricity: 100% of the Population

Foreign Trade in Figures

 
Foreign Trade Indicators 20122013201420152016
Imports of Goods (million USD) 95,176100,111104,92392,60093,690
Exports of Goods (million USD) 103,570107,503110,61998,578101,980
Imports of Services (million USD) 15,58317,19617,64415,59216,307
Exports of Services (million USD) 20,48822,49824,35921,41223,079

Source: WTO – World Trade Organisation, 2017

 

© Export Entreprises SA, All Rights Reserved.
Last Updates: May 2018