Hungary In-depth PESTLE Insights

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This PESTLE country analysis report on Hungary provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.

Synopsis

– Understand the political system in Hungary through analysis of key figures in the country and governance indicators.
– Understand the economic situation in Hungary through a balanced assessment of core macroeconomic issues.
– Understand customer demographics in Hungary through analysis of income distribution and the rural-urban split, as well as healthcare and education.
– Understand the technological landscape in Hungary through analysis of relevant laws and policies, as well as patents data.
– Understand the legal landscape in Hungary through analysis of the judicial system as well as performance of the legal indicators
– Understand the environmental landscape in Hungary through analysis of the environmental regulations and the performance of the environmental indicators

Scope

– The political landscape section discusses the evolution of the political scenario in Hungary, as well as the country's economic, social, foreign, and defense policies. The section also discusses the country's performance according to World Bank Governance Indicators.

– The economic landscape section outlines the evolution of Hungary 's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment."

– The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education.

Reasons to Buy

– What is the outlook in Hungary in terms of political stability, policies towards business, and the popularity of the government?

– How does Hungary perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment?

– How does Hungary perform in terms of healthcare, income distribution, and education?

– How does Hungary perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends?

Table of Contents

Table of Contents

1. OVERVIEW

1.1. Catalyst

1.2. Summary

1.2.1. Key findings

1.2.2. PESTLE highlights

1.3. Recovery of the economy from the COVID-19 crisis

1.3.1. Snapshot

1.3.2. Vaccination

1.3.3. Government measures

1.3.4. Lockdown measures

1.3.5. Travel restrictions

1.3.6. Stimulus measures

1.3.7. Impact on the Hungarian economy

1.3.8. Key fundamentals

2. KEY FACTS AND GEOGRAPHIC LOCATION

3. GEOGRAPHIC LOCATION

4. PESTLE ANALYSIS

4.1. Summary

4.2. Political analysis

4.2.1. Overview

4.2.2. Current strengths

4.2.3. Future prospects

4.2.4. Future risks

4.3. Economic analysis

4.3.1. Overview

4.3.2. Current strengths

4.3.3. Current challenges

4.3.4. Future prospects

4.3.5. Future risks

4.4. Social analysis

4.4.1. Overview

4.4.2. Current strengths

4.4.3. Current challenges

4.4.4. Future prospects

4.4.5. Future risks

4.5. Technological analysis

4.5.1. Overview

4.5.2. Current strengths

4.5.3. Current challenges

4.5.4. Future prospects

4.5.5. Future risks

4.6. Legal analysis

4.6.1. Overview

4.6.2. Current strengths

4.6.3. Current challenges

4.6.4. Future prospects

4.6.5. Future risks

4.7. Environmental analysis

4.7.1. Overview

4.7.2. Current strengths

4.7.3. Current challenges

4.7.4. Future prospects

4.7.5. Future risks

5. POLITICAL LANDSCAPE

5.1. Summary

5.2. Evolution

5.2.1. Structure and policies

5.2.2. Key political figures

5.2.3. Structure of government

5.2.4. Structure of legislature

5.2.5. Composition of legislature

5.2.6. Key policies

5.2.7. Performance

5.2.8. Governance indicators

5.3. Outlook

6. ECONOMIC LANDSCAPE

6.1. Summary

6.2. Evolution

6.3. Structure and policies

6.3.1. Financial system

6.4. Performance

6.4.1. GDP and growth rate

6.4.2. GDP composition by sector

6.4.3. General government deficit/surplus situation

6.4.4. Government debt

6.4.5. Current account

6.4.6. International trade

6.4.7. International investment position

6.4.8. Credit rating

6.4.9. Key monetary indicators

6.4.10. Employment

6.5. Outlook

7. SOCIAL LANDSCAPE

7.1. Summary

7.2. Evolution

7.3. Structure and policies

7.3.1. Composition by age and gender

7.3.2. Education

7.3.3. Healthcare

7.4. Performance

7.4.1. Healthcare

7.4.2. Education

7.5. Outlook

8. TECHNOLOGICAL LANDSCAPE

8.1. Summary

8.2. Evolution

8.3. Structure and policies

8.3.1. Intellectual property

8.4. Performance

8.4.1. Telecommunications, broadband, and internet

8.5. Outlook

9. LEGAL LANDSCAPE

9.1. Summary

9.2. Evolution

9.3. Structure and policies

9.3.1. Judicial system

9.3.2. Taxation

9.4. Performance

9.4.1. Legal indicators

9.5. Outlook

10. ENVIRONMENTAL LANDSCAPE

10.1. Summary

10.2. Evolution

10.3. Structure and policies

10.3.1. Environmental regulations

10.3.2. Environmental issues

10.4. Performance

10.4.1. Environmental impact

10.5. Outlook

11. APPENDIX

11.1. Ask the analyst

11.2. About GlobalData

11.3. Disclaimer

Table

List of Tables

Table 1: Hungary – Key fundamentals, 2019-26f

Table 2: Hungary – Key facts, 2022

Table 3: Analysis of Hungary’s political landscape

Table 4: Analysis of Hungary's economic landscape

Table 5: Analysis of Hungary’s social system

Table 6: Analysis of Hungary’s technological landscape

Table 7: Patents granted by the US Patent and Trademark Office, 2015-20

Table 8: Analysis of Hungary’s legal landscape

Table 9: Analysis of Hungary’s environmental landscape

Table 10: Hungary – Mid-year population as a percentage of the total population, 2021

Figures

List of Figures

Figure 1: Map of Hungary, 2022

Figure 2: Hungary – Employment in the manufacturing industry (thousands), 2009-21

Figure 3: Total tax wedge (% of labor cost), 2021

Figure 4: Hungary – Bank non-performing loans to total gross loans (%), 2010-21

Figure 5: Social benefits to households in kind (% of GDP), 2020

Figure 6: Number of physicians (per 1,000 inhabitants), 2020 or latest year available

Figure 7: Old-age dependency ratio, 2050f

Figure 8: Gross domestic spending on R&D (% of GDP), 2020

Figure 9: Hungary – Tax subsidy rates on R&D expenditures by firm size and profit scenario (1-b index), 2020

Figure 10: Product market regulations, 2018

Figure 11: Hungary – Amount of hazardous waste (thousand tonnes), 2015-20

Figure 12: Hungary – Political events timeline

Figure 13: Hungary – Key political figures

Figure 14: Hungary – Composition of parliament (number of seats), 2022

Figure 15: Hungary – Historical GDP growth (%), 2012-21

Figure 16: Hungary – Real GDP and real GDP growth rate ($ billion/%), 2017-26f

Figure 17: Hungary – GDP composition by sector, 2021

Figure 18: Hungary – Agricultural output (HUF trillion/%), 2017-22f

Figure 19: Hungary – Industrial output (HUF trillion/%), 2017-22f

Figure 20: Hungary – Services output (HUF billion/%), 2017-22f

Figure 21: Hungary – Import and export growth (% change), 2017-26f

Figure 22: Hungary – Consumer price index and CPI-based inflation, 2017-26f

Figure 23: Hungary – Unemployment rate (%), 2017-26f

Figure 24: Hungary – Major religions (%), 2011

Figure 25: Hungary – Expenditure on healthcare ($ billion/% of GDP), 2012-20

Figure 26: Hungary – Government education expenditure ($ billion/% of GDP), 2017-26f

Figure 27: Hungary – Number of internet users (millions/%), 2017-21

Figure 28: Hungary – Carbon dioxide emissions (million tonnes/%), 2012-20

Frequently asked questions

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