PESTLE Insights: Macroeconomic Outlook Report - Hungary
November 2019
41
About the Report
About the Report
PESTLE Insights: Macroeconomic Outlook Report - Hungary
Summary
Mining, manufacturing and utilities activity contributed 23.83% to the gross value added (GVA) in 2018, followed by financial intermediation, real estate and business activity (21.37%), and other services (19.71%). In nominal terms, the three sectors are expected to grow by 8.5%, 5.9% and 5.9%, respectively in 2019.
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 73.57% of Hungarian GDP and comprised 60.04% of the country's population, as of 2017.
The overall Budapest Stock Market Index (BUX) exhibited a robust upward trend over the past year. As of October 24, 2019, BUX stood at 42,475.53 in comparison to 36,452.74 on October 24, 2018, witnessing a y-o-y growth of 16.52%.
Scope
- 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.
- Under the Modern Cities program, the Hungarian government plans to invest USD 12.3bn across 260 projects by 2022, in the areas associated to education, healthcare, water, urban development, energy and transport.
Reasons to buy
- 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.
Products
Table of Contents
Table of Contents
Table of Contents 2
List of Exhibits 3
Did you Know? 4
Country Highlights 5
Country Snapshot 7
PESTLE Insights 21
Political Landscape 22
Economic Landscape 23
Social Landscape 30
Technological Landscape 33
Legal Landscape 36
Environmental Landscape 37
Outlook 38
List of Figure
List of Figures
Exhibit 1: Hungary's Performance in the Country Risk Analysis in Comparison to East Europe and the World 11
Exhibit 2: Performance Overview (Score: 1-100) 11
Exhibit 3: Broad Categories and Weights behind the Index 12
Exhibit 4: Budapest Stock Market Index - BUX (October 2018 - October 2019) 14
Exhibit 5: Key Sectors Contribution to the Economy (2014 - 2021f) 15
Exhibit 6: Inward and Outward FDI (2014 - 2018) and Inward FDI Flow by Activity (2018) 16
Exhibit 7: Net Direct Inward Investment Flows - Major Contributors (2018) and Outward FDI Flow by Destination Countries (2018) 18
Exhibit 8: Key Infrastructure Indicators 20
Exhibit 9: Real GDP and Household Consumption Growth Rate (2014 - 2021f) 24
Exhibit 10: Real GDP Growth Rate Comparison (2018) 24
Exhibit 11: Export, Import and Trade Balance (2014 - 2021f) 25
Exhibit 12: Current Account Balance (2014 - 2021f) 25
Exhibit 13: Top Three Commodity Exports, % of Total Exports (2014 - 2018) 26
Exhibit 14: Electrical Machinery and Its Equipment, % of World Exports (2018) 26
Exhibit 15: Interest Rates (November 2009 - November 2019) 28
Exhibit 16: Exchange Rate and Inflation Rate (2014 - 2021f) 28
Exhibit 17: Public Finance (2014 - 2021f) 29
Exhibit 18: General Government Debt (2014 - 2021f) 29
Exhibit 19: Employment/Unemployment (2014 - 2021f) 31
Exhibit 20: Average Annual Wages (2014 - 2021f) 31
Exhibit 21: Labour Cost Index (2014 - 2021f) 31
Exhibit 22: Rural/Urban Share of Total Population (1990, 2000, 2010, 2020f) 32
Exhibit 23: Age-group Share of Total Population (2000, 32
2010, 2020f)
Exhibit 24: Gender Split (1990, 2000, 2010, 2020f) 32
Exhibit 25: Internet Users % of Total Population, Mobile Penetration Rate and Broadband Penetration Rate (2018) 34
Exhibit 26: Number of Patents Granted Per Million Population (2018) 35
Exhibit 27: High-technology Exports (% of manufactured exports) (2018) 35
Exhibit 28: Doing Business in Hungary (2020) 36
Exhibit 29: Corruption Perception Index (Rankings) (2018) 36
Exhibit 30: CO2 Emissions (2011 - 2017) 37
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