PESTLE Insights: Hungary - Macroeconomic Outlook Report

Central Hungary (Budapest and Pest) and Western Transdanubia (Zala, Vas and Győr-Moson-Sopron) generate around 58.0% of Hungarian GDP and comprise 40.7% of the country’s population, as of 2016

Total FDI inflows are expected to increase in 2018, simulated by private businesses and disbursement of  EU structural funds

The overall BUX index exhibited a downward trend over the last one year. As of October 31, 2018, the Budapest Stock Market Index – BUX decreased by 6.8%, reaching 37,155.2 from 39,881.2 on October 30, 2017.

The Hungarian government is expected to invest HUF1 tn (US$14.6 bn) to upgrade its infrastructure in order to attain its 2022 goal

Scope

- Mining, manufacturing and utilities activity contributed 26.0% to the gross value added (GVA) in 2017, followed by financial intermediation, real estate and business activity (22.0%), and other services (20.4%).

- In nominal terms, the three sectors are expected to grow by 6.3%, 5.6% and 9.0%, respectively in 2018

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.

Companies mentioned

Nexon

Thalesnano

Balabit

Schaeffler

Nexon

Thalesnano

Balabit

Schaeffler

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 ...

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 Tables

List of Figures

List of Figures

Exhibit 1: Hungary’s Performance in Country Risk Analysis in Comparison to East Europe, and World Average 11

Exhibit 2: Performance Overview ...

List of Figures

Exhibit 1: Hungary’s Performance in Country Risk Analysis in Comparison to East Europe, and World Average 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 14

Exhibit 5: Key Sectors Contribution to the Economy 15

Exhibit 6: FDI by sector (2013-2017) and share of FDI by sectors (2017) 16

Exhibit 7: FDI inflow by country (2013-2017) and share of FDI by country (2017) 18

Exhibit 8: Key Infrastructure Indicators 20

Exhibit 9: Real GDP and Household Consumption Growth Rate 24

Exhibit 10: Real GDP Growth Rate Comparison (2017) 24

Exhibit 11: Export, Import and Trade Balance 25

Exhibit 12: Current Account Balance 25

Exhibit 13: Top Three Commodity Exports, % of Total Exports, 2014-2017 26

Exhibit 14: Electrical Machinery and Its Equipment, % of World Exports, 2017 26

Exhibit 15: Interest Rates 28

Exhibit 16: Exchange Rate and Inflation Rate 28

Exhibit 17: Public Finance 29

Exhibit 18: General Government Debt 29

Exhibit 19: Employment/Unemployment 31

Exhibit 20: Average Annual Wages 31

Exhibit 21: Labour Cost Index 31

Exhibit 22: Rural/Urban Share in Total Population 32

Exhibit 23: Age-group Share of Total Population 32

Exhibit 24: Gender Split 32

Exhibit 25: Internet Users % of Total Population, Mobile Penetration Rate and Broadband Penetration Rate, 2016 34

Exhibit 26: Number of Patents Granted Per M Inhabitants, 2015 35

Exhibit 27: High-technology exports (% of manufactured exports) 35

Exhibit 28: Doing Business in Hungary 2019 36

Exhibit 29: Corruption Perception Index (rankings) 2017 36

Exhibit 30: CO2 Emissions 37

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