The medium- and long-term development path and opportunities of the Hungarian economy are determined by three major fundamentals. First, it is a medium-sized economy (with GDP of USD 255.3bn ranked as 54th largest out of the 188 economies observed by the IMF); second, it is an open economy in terms of foreign trade (exports/GDP, imports/GDP ratios); third, due to the lack of competitive, large domestic corporations the private sector is missing a key pillar. This latter factor had adversely affected Hungary’s GNI-to-GDP ratio for decades which trend could only be reversed by direct measures in the past four years.

For more information please check the attached file on the right side of the page!

(Ministry for National Economy)