Major macro economic indicatorS
| 2015 | 2016 | 2017 (e) | 2018 (f) | |
|---|---|---|---|---|
| GDP growth (%) | 3.1 | 2.0 | 3.9 | 3.6 |
| Inflation (yearly average) (%) | 0.1 | 0.4 | 2.9 | 3.2 |
| Budget balance* (% GDP) | -1.6 | -1.8 | -2.4 | -2.5 |
| Current account balance (% GDP) | 3.1 | 5.0 | 3.5 | 2.8 |
STRENGTHS
- Diversified economy
- High quality infrastructures thanks to European funds
- Integrated within the European production chain
- Trained workforce
- Low corporate taxation
- Generally positive payment behaviour
WEAKNESSES
- Ageing population, low birth rate, and high emigration
- Regional disparities; lack of mobility
- Shortfalls in vocational education and training
- Poor levels of innovation and R&D
- Limited room for manoeuvre in terms of the budget
- High debt level of companies, although falling
- Fragility of the banking sector (public and private)
- Energy dependence: 50% of needs imported; 40% from Russia alone
http://www.coface.hu/Gazdasagi-elemzesek/Hungary
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