Hungary PESTLE Insights - A Macroeconomic Outlook Report
Summary Mining, manufacturing and utilities activity contributed 25.6% to the gross value added (GVA) in 2019, followed by financial intermediation, real estate and business activity (23.0%), and other services (20.6%). In nominal terms, mining, manufacturing and utilities activity, and financial intermediation, real estate and business activity are expected to contract by -9.4% and -9.2% and other services is expected to grow by 6.2%, respectively, in 2020.
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 73.2% of Hungarian GDP (2018) and comprised 61% of the country’s population, as of 2019.
Scope - As per the ‘Global Competitiveness Report 2019’, Hungary’s infrastructure ranked 27th out of 141 nations, with a score of 80.7 out of 100.
- The overall Budapest Stock Market Index (BUX) exhibited a downward trend over the past year. As of November 2, 2020, BUX stood at 32,279.17 in comparison to 42,159.58 on November 1, 2019, witnessing a Y-o-Y decline of 23.44%.
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.
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