Budapest

Why Hungary?

Inward FDI Stock
62% (of GDP)
(2021, MNB)

GDP (PPS)
€237,610 million
(2021, HCSO)

GDP / capita (PPS)
€ 24,471
(2019, HCSO)

GDP growth
7.1%
(2021, HCSO)

Average gross earning
€ 1,224
(of full-time employees)
(2021, HCSO)

Value of export goods
€ 119 billion,
77.6%
of GDP
(2021 HCSO)

FDI (Europe)

Business Facilities' 2022
Global Rankings Report

#2
Best to invest overall 2022

in Eastern-Europe
& Central Asia
Site Selection Magazine

Population
9,689,010
(2022, HCSO)

Area
93,023 km2

Capital (population)
Budapest (1,706,851)
(2022, HCSO)

Form of Government
Parliamentary
Republic

Currency
Forint (HUF)

Time zone
GMT + 1 hour

Membership in international organisations
EU, UN, OECD, WTO, NATO, IMF, EC
EU member since 2004

Current daily exchange rate according to MNB (Hungarian National Bank)

USD
358 HUF
EUR
390 HUF

Foreign trade focus

Hungary’s exports by country group (billion EUR)

Hungary’s exports by country group (billion EUR)

  • non EU member European countries
  • Asian countries
  • American countries
  • Other countries
Inward FDI stock in 2021 (% of GDP)

Inward FDI stock in 2021 (% of GDP)

extensive network
of diplomats

promoting Hungary's
foreign trade relations
at
150
local
representations
in
96
countries