Central Hungary (including the sub-regions of Budapest and Pest) and Transdanubia (including the sub-regions of Central Transdanubia, Western Transdanubia and Southern Transdanubia) generated around 74.4% of Hungarian GDP (2019) and comprised 61.2% of the country’s population, in 2020.

Mining, manufacturing and utilities sector contributed 24.2% to the gross value added (GVA) in 2020, followed by financial intermediation, real estate and business activities sector (23.5%) and wholesale, retail trade and hotels (13.9%). The three sectors are forecast to grow by 7.1%, 9.8% and 6.2% respectively in 2021.

The BUX index exhibited an upward trend from December 15, 2020, to December 15, 2021. Overall, the index increased by 19.9% from 41,894.1 on December 15, 2020, to 50,239.5 on December 15, 2021.

Scope

– Under the Modern Cities program, the government plans to invest $12.3 billion across 260 projects by 2022, in education, healthcare, water, urban development, energy and transport.

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.