Hungary In-depth PESTLE Insights

Powered by

All the vital news, analysis, and commentary curated by our industry experts.


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.


– 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


– 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


1.1. 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




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


5.1. 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


6.1. 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


7.1. 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


8.1. 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


9.1. 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


10.1. 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


11.1. Ask the analyst

11.2. About GlobalData

11.3. Disclaimer


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


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

Hungary In-depth PESTLE Insights standard reports
Currency USD

Can be used by individual purchaser only


Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Undecided about purchasing this report?

Enquire Before Buying

Get in touch to find out about multi-purchase discounts
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Financial Services
Worldline - Competitor Profile
$350 | March 2024
Financial Services
M-PESA - Competitor Profile
$350 | April 2024
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Hungary In-depth PESTLE Insights in real time.

  • Access a live Hungary In-depth PESTLE Insights dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.