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Hungary

About Hungary

Thanks to its central geographical location, Hungary is a link between Eastern and Western European countries and has highly skilled human resources in various productive sectors.

Building on these advantages and leveraging modern technologies, Hungarian companies produce premium quality products and provide high value-added services with high levels of innovation and competitiveness which is proved by consistent growth in export numbers over the past several years.

The HEPA has developed export advancement strategies, providing support and information to those seeking business opportunities, associates or partners in Hungary.
Growth in export over the last years shows that Hungarian products are competitive at a global level.

Country overview

Capital: Budapest
Currency: Forint (HUF)

Hungary is a landlocked country in East-Central Europe, it measures about 250 km from north to south and 524 km from east to west. It has 2,106 km of boundaries, shared with Austria to the west, Serbia, Croatia and Slovenia to the south and southwest, Romania to the southeast, Ukraine to the northeast, and Slovakia to the north.

Hungary is a member of: 
United Nations, NATO, WTO, World Bank, IIB, the AIIB, the Council of Europe, and the Visegrád Group.

10
thousand km2
Total area

Ranked number 108 in the world

1
million people
Population

Ethnic groups: 98.3% Hungarians, 3.2% Romani, 1.8% Germans

1
billion USD
GDP

Per capita: $36,848

1
percent
Inflation

Compared to the same month of the previous year

1
percent
Corporate tax

One of the lowest numbers in European Union

1
billion USD
Export

Accounting to number 33 exporter in the world

1
billion USD
Import

Hungary’s major imports are machinery and equipment

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