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Macroeconomic Analysis
Hungary PESTLE Insights – A Macroeconomic Outlook Report
Financial intermediation, real estate, and business activities contributed 24.4% to the gross value added (GVA) in 2023, followed by mining, manufacturing, and utilities, (23.9%) and wholesale, retail and hotels (13.7%). In nominal terms, the three sectors are forecast to grow by 6.9%, 6.7%, and 6.9%, respectively, in 2024. Budapest generated around 47.9% of Hungarian GDP (2023) and comprised 31.6% of the country’s population, in 2023, according to GlobalData’s cities database