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CompareEconomy.com Comparison of world economies

Hungary

World Rank 76 2.37 Hungary flag svg
Capital
Area
Currency
Budapest
93,030 km 2
Forint (HUF)

Table of Contents

Introduction

Hungary is a country located in Central Europe with the total land coverage of 93,000 square kilometers. It is a relatively small nation in size. However, because of its population, it is considered to be a medium-sized member state in the European Nation. It is worth noting that the official language in the country, Hungarian, is not an Indo-European language as most of the European ones. It is a Uralic language, same as Finnish. 

Economy

The GDP of Hungary is $337 billion. As a result, they are 15th in Europe and ahead of Greece but behind Denmark and Portugal. According to the same source that gathered its data in 2019, the GDP per capita is at the level of $34,000. It is fairly below European's average. Noteworthy is the fact that in recent years, the GDP per capita has significantly increased. In the last 3 years, they noticed the increase of 22%. Interestingly, it was 15% on average across the EU. 

Population

The population of 9.7 million gives Hungary 12th position in European Union. We should bear in mind that it is a rather densely populated nation with approximately 105 Hungarians per square kilometer.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#54 (2021)
181,848,022,233 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#55 (2021)
549,883,030 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#129 (2021)
4.05 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)