Geography


Location:
Central Europe, northwest of Romania


Geographic coordinates:
47 00 N, 20 00 E


Map references:
Europe


Area:
total:93,028 sq kmcountry comparison to the world: 110
land:89,608 sq km
water:3,420 sq km


Area - comparative:
slightly smaller than Indiana


Land boundaries:
total:2,106 km
border countries:Austria 321 km, Croatia 348 km, Romania 424 km, Serbia 164 km, Slovakia 627 km, Slovenia 94 km, Ukraine 128 km


Coastline:
0 km (landlocked)


Maritime claims:
lowest point:Tisza River 78 m
highest point:Kekes 1,014 m


Natural resources:
bauxite, coal, natural gas, fertile soils, arable land


Land use:
arable land:47.24%
permanent crops:1.97%
other:50.79% (2011)


    Irrigated land:
1,409 sq km (2007)


Total renewable water resources:
104 cu km (2011)


Freshwater withdrawal (domestic/industrial/agricultural):
104 cu km (2011)

Environment - current issues:
the upgrading of Hungary's standards in waste management, energy efficiency, and air, soil, and water pollution to meet EU requirements will require large investments


Environment - international agreements:
party to:Air Pollution, Air Pollution-Nitrogen Oxides, Air Pollution-Persistent Organic Pollutants, Air Pollution-Sulfur 85, Air Pollution-Sulfur 94, Air Pollution-Volatile Organic Compounds, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands, Whaling
signed, but not ratified:none of the selected agreements


Geography - note:
landlocked; strategic location astride main land routes between Western Europe and Balkan Peninsula as well as between Ukraine and Mediterranean basin; the north-south flowing Duna (Danube) and Tisza Rivers divide the country into three large regions



People and Society


Nationality:
noun: Hungarian(s)
adjective:Hungarian


Ethnic groups:
Hungarian 92.3%, Roma 1.9%, other or unknown 5.8% (2001 census)


Languages:
Hungarian 84.6%, other or unspecified 16.4% (2011 est.)


Religions:
Roman Catholic 37.2%, Calvinist 11.6%, Lutheran 2.2%, Greek Catholic 1.8%, other 1.9%, none 18.2%, unspecified 27.2% (2011 est.)


Population:
9,919,128 (July 2014 est.)country comparison to the world: 90


Age structure:
0-14 years:14.8% (male 757,868/female 712,908)
15-24 years:11.7% (male 596,005/female 561,606)
25-54 years:41.6% (male 2,071,845/female 2,056,611)
55-64 years:14% (male 639,298/female 754,129)
65 years and over:17.5% (male 661,256/female 1,107,602) (2014 est.)


Dependency ratios:
total dependency ratio:47.4 %
youth dependency ratio:21.7 %
elderly dependency ratio:25.6 %
potential support ratio:3.9 (2014 est.)


Median age:
total:41.1 years
male:39.1 years
female:43.5 years (2014 est.)


Population growth rate:
-0.21% (2014 est.)country comparison to the world: 214


Birth rate:
9.26 births/1,000 population (2014 est.)country comparison to the world: 207


Death rate:
12.72 deaths/1,000 population (2014 est.)country comparison to the world: 23


Net migration rate:
1.34 migrant(s)/1,000 population (2014 est.)country comparison to the world: 55


Urbanization:
urban population:69.5% of total population (2011)
rate of urbanization:0.51% annual rate of change (2010-15 est.)


Major urban areas - population:
BUDAPEST (capital) 1.737 million (2011)


Sex ratio:
at birth:1.06 male(s)/female
0-14 years:1.06 male(s)/female
15-24 years:1.06 male(s)/female
25-54 years:1.01 male(s)/female
55-64 years:0.91 male(s)/female
65 years and over:0.59 male(s)/female
total population:0.91 male(s)/female (2014 est.)


Mother's mean age at first birth:
28.3 (2011 est.)


Maternal mortality rate:
21 deaths/100,000 live births (2010)


Infant mortality rate:
total:5.09 deaths/1,000 live birthscountry comparison to the world: 179
male:5.36 deaths/1,000 live births
female:4.81 deaths/1,000 live births (2014 est.)


    Life expectancy at birth:
total population:75.46 yearscountry comparison to the world: 93
male:71.73 years
female:79.41 years (2014 est.)


Total fertility rate:
1.42 children born/woman (2014 est.)country comparison to the world: 206


Health expenditures:
7.7% of GDP (2011)


Physicians density:
3.41 physicians/1,000 population (2010)


Hospital bed density:
7.2 beds/1,000 population (2010)


Drinking water source:
improved:
urban: 100% of population
rural: 100% of population
total: 100% of population
unimproved:
urban: 0% of population
rural: 0% of population
total: 0% of population (2012 est.)


Sanitation facility access:
improved:
urban: 100% of population
rural: 100% of population
total: 100% of population
unimproved:
urban: 0% of population
rural: 0% of population
total: 0% of population (2012 est.)


HIV/AIDS - adult prevalence rate:
less than 0.1% (2009 est.)country comparison to the world: 118


HIV/AIDS - people living with HIV/AIDS:
3,000 (2009 est.)country comparison to the world: 133


HIV/AIDS - deaths:
fewer than 200 (2009 est.)country comparison to the world: 112


Major infectious diseases:


Obesity - adult prevalence rate:
27.6% (2008)country comparison to the world: 37


Education expenditures:
4.9% of GDP (2010)country comparison to the world: 81

Literacy:
definition:age 15 and over can read and write
total population:99%
male:99.2%
female:98.9% (2011 est.)


School life expectancy (primary to tertiary education):
total:15 years
male:15 years
female:16 years (2011)


Unemployment, youth ages 15-24:
total:28.1%country comparison to the world: 33
male:28.8%
female:27.3% (2012)


Government


Country name:
conventional long form: none
conventional short form:Hungary
local long form:none
local short form:Magyarorszag


Government type:
parliamentary democracy


Capital:
name:Budapest
geographic coordinates:47 30 N, 19 05 E
time difference:UTC+1 (6 hours ahead of Washington, DC, during Standard Time)
daylight saving time:+1hr, begins last Sunday in March; ends last Sunday in October


Administrative divisions:
19 counties (megyek, singular - megye), 23 urban counties (singular - megyei varos), and 1 capital city (fovaros)


Independence:
16 November 1918 (republic proclaimed); notable earlier dates: 25 December 1000 (crowning of King STEPHEN I, traditional founding date); 30 March 1867 (Austro-Hungarian dual monarchy established)


National holiday:
Saint Stephen's Day, 20 August; note - commemorates the date when his remains were transferred to Buda (now Budapest)


Constitution:
previous 1949 (heavily amended in 1989 following collapse of communism); latest approved 18 April 2011, signed 25 April 2011, effective 1 January 2012; amended several times, last in 2013 (2013)


Legal system:
civil legal system influenced by the German model


International law organization participation:
accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction


Suffrage:
18 years of age, 16 if married; universal


Executive branch:
chief of state:Janos ADER (since 10 May 2012)
head of government:Prime Minister Viktor ORBAN (since 29 May 2010)
cabinet:Cabinet of Ministers prime minister elected by the National Assembly on the recommendation of the president; other ministers proposed by the prime minister and appointed and relieved of their duties by the president
elections:president elected by the National Assembly for a five-year term (eligible for a second term); election last held on 2 May 2012 (next to be held by May 2017); prime minister elected by the National Assembly on the recommendation of the president; election following the formation of a new government held on 10 May 2014
election results:Janos ADER elected president, National Assembly vote - 262 to 40; Viktor ORBAN elected prime minister, National Assembly vote - 130 to 57
note:to be elected, the president must win two-thirds of legislative vote in the first round or a simple majority in the second round


Legislative branch:
unicameral National Assembly or Orszaggyules (199 seats; 106 single-round, single-member district vote, 93 nationwide party list vote; members serve four-year terms)
elections:last held on 6 April 2014 (next to be held in April 2018)
election results:percent of vote by party - Fidesz-KNDP 66.8%, Unity 19.1%, Jobbik 11.6%, LMP 2.5%; seats by party - Fidesz-KNDP 133, Unity 38, Jobbik 23, LMP 5


Judicial branch:
highest court(s):Curia or Supreme Judicial Court (consists of Curia president and 8 judges); Constitutional Court (consists of 15 members)
judge selection and term of office:Curia president elected from among its members for 9 years by the National Assembly on the recommendation of the president of the republic; other Curia judges appointed by the president upon the recommendation of the National Council of Justice, a separate 15-member administrative body; all judges serve until the normal retirement age; Constitutional Court members elected by two-thirds vote of the National Assembly; members serve 12-year terms
subordinate courts:regional courts of appeal; county courts, including the Municipal Court of Budapest; local courts


    Political parties and leaders:
Christian Democratic People's Party or KDNP [Zsolt SEMJEN]
Democratic Coalition or DK [Ferenc GYURCSANY]
Dialogue for Hungary or PM [Benedek JAVOR, Timea SZABO, co-chairs]
Fidesz-Hungarian Civic Alliance or Fidesz [Viktor ORBAN, chairman]
Hungarian Liberal Party or MLP [Gabor FODOR]
Hungarian Socialist Party or MSZP [Attila MESTERHAZY]
Movement for a Better Hungary or Jobbik [Gabor VONA]
Politics Can Be Different or LMP [Andras SCHIFFER, Bernadett SZEL]
Together or Egyutt [Gordon BAJNAI]
Unity [a coalition of MSZP, Egyutt, DK, PM, and MLP]


Political pressure groups and leaders:
Air Work Group (works to reduce air pollution in towns and cities)


International organization participation:
Australia Group, BIS, CD, CE, CEI, CERN, EAPC, EBRD, EIB, ESA (cooperating state), EU, FAO, G-9, IAEA, IBRD, ICAO, ICC (national committees), ICRM, IDA, IEA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, MINURSO, NATO, NEA, NSG, OAS (observer), OECD, OIF (observer), OPCW, OSCE, PCA, Schengen Convention, SELEC, UN, UNCTAD, UNESCO, UNFICYP, UNHCR, UNIDO, UNIFIL, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO, ZC


Diplomatic representation in the US:
chief of mission:Ambassador Gyorgy SZAPARY (since 31 January 2011)
chancery:3910 Shoemaker Street NW, Washington, DC 20008
telephone:[1] (202) 362-6730
FAX:[1] (202) 966-8135
consulate(s) general:Chicago, Los Angeles, New York


Diplomatic representation from the US:
chief of mission:Ambassador (vacant); Charge d'Affaires M. Andre GOODFRIEND (since August 2013)
embassy:Szabadsag ter 12, H-1054 Budapest
mailing address:pouch: American Embassy Budapest, 5270 Budapest Place, US Department of State, Washington, DC 20521-5270
telephone:[36] (1) 475-4400
FAX:[36] (1) 475-4764


Flag description:
three equal horizontal bands of red (top), white, and green; the flag dates to the national movement of the 18th and 19th centuries, and fuses the medieval colors of the Hungarian coat of arms with the revolutionary tricolor form of the French flag; folklore attributes virtues to the colors: red for strength, white for faithfulness, and green for hope; alternatively, the red is seen as being for the blood spilled in defense of the land, white for freedom, and green for the pasturelands that make up so much of the country


National symbol(s):
Holy Crown of Hungary (Crown of Saint Stephen); turul (falcon)


National anthem:
name:'Himnusz' (Hymn)

lyrics/music:Ferenc KOLCSEY/Ferenc ERKEL
note:adopted 1844


Economy


Economy - overview:
Hungary has made the transition from a centrally planned to a market economy, with a per capita income nearly two-thirds that of the EU-28 average. In late 2008, Hungary's impending inability to service its short-term debt - brought on by the global financial crisis - led Budapest to obtain an IMF/EU/World Bank-arranged financial assistance package worth over $25 billion. The global economic downturn, declining exports, and low domestic consumption and fixed asset accumulation, dampened by government austerity measures, resulted in a severe economic contraction in 2009. In 2010 the new government implemented a number of changes including cutting business and personal income taxes, but imposed 'crisis taxes' on financial institutions, energy and telecom companies, and retailers. The IMF/EU bail-out program lapsed at the end of the year and was replaced by Post Program Monitoring and Article IV Consultations on overall economic and fiscal processes. At the end of 2011 the government turned to the IMF and the EU to obtain financial backstop to support its efforts to refinance foreign currency debt and bond obligations in 2012 and beyond, but Budapest's rejection of EU and IMF economic policy recommendations led to a breakdown in talks with the lenders in late 2012. Global demand for high yield has since helped Hungary to obtain funds on international markets. Hungary’s progress reducing its deficit to under 3% of GDP led the European Commission in 2013 to permit Hungary for the first time since joining the EU in 2004 to exit the Excessive Deficit Procedure.


GDP (purchasing power parity):
$196.6 billion (2013 est.)
country comparison to the world: 57
$196.3 billion (2012 est.)
$199.8 billion (2011 est.)
note:data are in 2013 US dollars


GDP (official exchange rate):
$130.6 billion (2013 est.)


GDP - real growth rate:
0.2% (2013 est.)
country comparison to the world: 193
-1.7% (2012 est.)
1.6% (2011 est.)


GDP - per capita (PPP):
$19,800 (2013 est.)
country comparison to the world: 71
$19,800 (2012 est.)
$20,000 (2011 est.)
note:data are in 2013 US dollars


Gross national saving:
17.1% of GDP (2013 est.)
country comparison to the world: 97
19.3% of GDP (2012 est.)
20.4% of GDP (2011 est.)


GDP - composition, by end use:
household consumption:55.5%
government consumption:20.4%
investment in fixed capital:16.4%
investment in inventories:-0.7%
exports of goods and services:97.2%
imports of goods and services:-88.8%
(2013 est.)


GDP - composition, by sector of origin:
agriculture:3.4%
industry:28%
services:68.7% (2013 est.)


Agriculture - products:
wheat, corn, sunflower seed, potatoes, sugar beets; pigs, cattle, poultry, dairy products


Industries:
mining, metallurgy, construction materials, processed foods, textiles, chemicals (especially pharmaceuticals), motor vehicles


Industrial production growth rate:
1.8% (2013 est.)
country comparison to the world: 131

Labor force:
4.263 million (2013 est.)
country comparison to the world: 88


Labor force - by occupation:
agriculture:7.1%
industry:29.7%
services:63.2% (2011)


Unemployment rate:
10.5% (2013 est.)
country comparison to the world: 113
10.7% (2012 est.)


Population below poverty line:
14% (2012)


Household income or consumption by percentage share:
lowest 10%:3.1%
highest 10%:22.6% (2009)


Distribution of family income - Gini index:
24.7 (2009)
country comparison to the world: 138
24.4 (1998)


Budget:
revenues:$62.24 billion
expenditures:$66.01 billion (2013 est.)


    Taxes and other revenues:
47.7% of GDP (2013 est.)
country comparison to the world: 17

Budget surplus (+) or deficit (-):
-2.9% of GDP
country comparison to the world: 119
note:Hungary has been under the EU Excessive Deficit Procedure since it joined the EU in 2004; in March 2012 the EU elevated its Excessive Deficit Procedure against Hungary and proposed freezing 30% of the country's Cohesion Funds because 2011 deficit reductions were not achieved in a sustainable manner; in June 2012, the EU lifted the freeze, recognizing that steps had been taken to reduce the deficit; the latest EC forecasts project the Hungarian deficit to increase above 3% both in 2013 and in 2014 due to sluggish growth and the government's fiscal tightening (2013 est.)



Public debt:
79.8% of GDP (2013 est.)
country comparison to the world: 27
79.3% of GDP (2012 est.)
note:general government gross debt is defined in the Maastricht Treaty as consolidated general government gross debt at nominal value, outstanding at the end of the year in the following categories of government liabilities: currency and deposits, securities other than shares excluding financial derivatives, and government, state government, local government, and social security funds.


Fiscal year:
calendar year


Inflation rate (consumer prices):
1.9% (2013 est.)
country comparison to the world: 65
5.7% (2012 est.)


Central bank discount rate:
5.75% (19 December 2012)
country comparison to the world: 41
7% (31 December 2011)


Commercial bank prime lending rate:
6.5% (31 December 2013 est.)
country comparison to the world: 97
9.02% (31 December 2012 est.)


Stock of narrow money:
$34.75 billion (31 December 2013 est.)
country comparison to the world: 56
$33.03 billion (31 December 2012 est.)


Stock of broad money:
$67.47 billion (31 December 2013 est.)
country comparison to the world: 64
$68.7 billion (31 December 2012 est.)


Stock of domestic credit:
$77.79 billion (31 December 2013 est.)
country comparison to the world: 58
$87.27 billion (31 December 2012 est.)


Market value of publicly traded shares:
$22.9 billion (31 December 2012 est.)


Current account balance:
$1.722 billion (2013 est.)
country comparison to the world: 45
$2.087 billion (2012 est.)


Exports:
$92.98 billion (2013 est.)
country comparison to the world: 39
$90.23 billion (2012 est.)


Exports - commodities:
machinery and equipment 53.5%, other manufactures 31.2%, food products 8.7%, raw materials 3.4%, fuels and electricity 3.9% (2012)


Exports - partners:
Germany 25.6%, Romania 6.2%, Slovakia 6.1%, Austria 6%, Italy 4.8%, France 4.8%, UK 4.2% (2012)


Imports:
$89.52 billion (2013 est.)
country comparison to the world: 37
$87.37 billion (2012 est.)


Imports - commodities:
machinery and equipment 45.4%, other manufactures 34.3%, fuels and electricity 12.6%, food products 5.3%, raw materials 2.5% (2012)


Imports - partners:
Germany 25.1%, Russia 8.8%, China 7.4%, Austria 7.1%, Slovakia 5.6%, Poland 4.8%, Italy 4.5%, Netherlands 4.2% (2012)


Reserves of foreign exchange and gold:
$38.49 billion (31 December 2013 est.)
country comparison to the world: 47
$44.67 billion (31 December 2012 est.)


Debt - external:
$170.3 billion (31 December 2013 est.)
country comparison to the world: 34
$169.3 billion (31 December 2012 est.)


Stock of direct foreign investment - at home:
$112 billion (31 December 2013 est.)
country comparison to the world: 40
$107 billion (31 December 2012 est.)


Stock of direct foreign investment - abroad:
$45.95 billion (31 December 2013 est.)
country comparison to the world: 38
$41.82 billion (31 December 2012 est.)


Exchange rates:
forints (HUF) per US dollar -
227.8 (2013 est.)
225.1 (2012 est.)
207.94 (2010 est.)
202.34 (2009)
171.8 (2008)


Energy


Electricity - production:
34.28 billion kWh (2012 est.)
country comparison to the world: 62


Electricity - consumption:
36.13 billion kWh (2012 est.)
country comparison to the world: 56


Electricity - exports:
9 billion kWh (2012 est.)
country comparison to the world: 22


Electricity - imports:
16.97 billion kWh (2012 est.)
country comparison to the world: 11


Electricity - installed generating capacity:
9.9 million kW (2011 est.)
country comparison to the world: 58


Electricity - from fossil fuels:
72% of total installed capacity (2011 est.)
country comparison to the world: 104


Electricity - from nuclear fuels:
20% of total installed capacity (2011 est.)
country comparison to the world: 9


Electricity - from hydroelectric plants:
1% of total installed capacity (2011 est.)
country comparison to the world: 142


Electricity - from other renewable sources:
7% of total installed capacity (2011 est.)
country comparison to the world: 35


Crude oil - production:
27,990 bbl/day (2012 est.)
country comparison to the world: 70


Crude oil - exports:
0 bbl/day (2010 est.)
country comparison to the world: 128


Crude oil - imports:
114,800 bbl/day (2010 est.)
country comparison to the world: 47


    Crude oil - proved reserves:
27.32 million bbl (1 January 2013 est.)
country comparison to the world: 83


Refined petroleum products - production:
177,500 bbl/day (2010 est.)
country comparison to the world: 58


Refined petroleum products - consumption:
141,100 bbl/day (2011 est.)
country comparison to the world: 70


Refined petroleum products - exports:
59,110 bbl/day (2010 est.)
country comparison to the world: 58


Refined petroleum products - imports:
171,600 bbl/day (2010 est.)
country comparison to the world: 33


Natural gas - production:
2.462 billion cu m (2012 est.)
country comparison to the world: 57


Natural gas - consumption:
11.9 billion cu m (2012 est.)
country comparison to the world: 44


Natural gas - exports:
2.837 billion cu m (2012 est.)
country comparison to the world: 40


Natural gas - imports:
10.18 billion cu m (2012 est.)
country comparison to the world: 30


Natural gas - proved reserves:
8.098 billion cu m (1 January 2013 est.)
country comparison to the world: 85


Carbon dioxide emissions from consumption of energy:
49.56 million Mt (2011 est.)



Communications


Telephones - main lines in use:
2.96 million (2012)
country comparison to the world: 51


Telephones - mobile cellular:
11.58 million (2012)
country comparison to the world: 72


Telephone system:
general assessment:the telephone system has been modernized; the system is digital and highly automated; trunk services are carried by fiber-optic cable and digital microwave radio relay; a program for fiber-optic subscriber connections was initiated in 1996
domestic:competition among mobile-cellular service providers has led to a sharp increase in the use of mobile-cellular phones since 2000 and a decrease in the number of fixed-line connections
international:country code - 36; Hungary has fiber-optic cable connections with all neighboring countries; the international switch is in Budapest; satellite earth stations - 2 Intelsat (Atlantic Ocean and Indian Ocean regions), 1 Inmarsat, 1 very small aperture terminal (VSAT) system of ground terminals (2011)



    Broadcast media:
mixed system of state-supported public service broadcast media and private broadcasters; the 3 publicly owned TV channels and the 2 main privately owned TV stations are the major national broadcasters; a large number of special interest channels; highly developed market for satellite and cable TV services with about two-thirds of viewers utilizing their services; 3 state-supported public-service radio networks and 2 major national commercial stations; a large number of local stations including commercial, public service, nonprofit, and community radio stations; digital transition postponed to the end of 2014 (2007)


Internet country code:
.hu


Internet hosts:
3.145 million (2012)
country comparison to the world: 33


Internet users:
6.176 million (2009)
country comparison to the world: 41



Transportation


Airports
41 (2013)
country comparison to the world: 104


Airports - with paved runways
total:20
over 3,047 m:2
2,438 to 3,047 m:6
1,524 to 2,437 m:6
914 to 1,523 m:5
under 914 m:1 (2013)


Airports - with unpaved runways
total:21
1,524 to 2,437 m:2
914 to 1,523 m:8
under 914 m:
11 (2013)


Heliports
3 (2013)


    Pipelines
gas 19,028 km; oil 1,007 km; refined products 842 km (2013)


Railways
total:8,057 kmcountry comparison to the world: 26
broad gauge:36 km 1.524-m gauge
standard gauge:7,802 km 1.435-m gauge (2,911 km electrified)
narrow gauge:219 km 0.760-m gauge (2009)


Roadways
total:199,567 kmcountry comparison to the world: 25
paved:76,075 km (includes 1,477 km of expressways)
unpaved:123,492 km (2010)


Waterways
1,622 km (most on Danube River) (2011)
country comparison to the world: 48


Ports and terminals


Military


Military branches
Hungarian Defense Forces: Land Forces, Hungarian Air Force (Magyar Legiero, ML) (2011)


Military service age and obligation
18-25 years of age for voluntary military service; no conscription; 6-month service obligation (2012)


Manpower available for military service
males age 16-49:2,349,948
females age 16-49:2,290,568 (2010 est.)


Manpower fit for military service
males age 16-49:1,902,639
females age 16-49:1,897,378 (2010 est.)


    Manpower reaching militarily significant age annually
male:59,237
female:55,533 (2010 est.)


Military expenditures
0.83% of GDP (2012)
country comparison to the world: 113
0.99% of GDP (2011)
0.83% of GDP (2010)


Transnational Issues


Disputes - international
bilateral government, legal, technical and economic working group negotiations continue in 2006 with Slovakia over Hungary's failure to complete its portion of the Gabcikovo-Nagymaros hydroelectric dam project along the Danube; as a member state that forms part of the EU's external border, Hungary has implemented the strict Schengen border rules


    Refugees and internally displaced persons
stateless persons:111 (2012)


Illicit drugs
transshipment point for Southwest Asian heroin and cannabis and for South American cocaine destined for Western Europe; limited producer of precursor chemicals, particularly for amphetamine and methamphetamine; efforts to counter money laundering, related to organized crime and drug trafficking are improving but remain vulnerable; significant consumer of ecstasy
Information provided by CIA - The World Fact Book


Doing Business in Hungary 2020


Hungary Ease of Doing Business Rank: 52 Overall Score: 73.4
Starting a Business (rank) 87
Score 88.2
Procedures - Men (number) 6
Time - Men (number) 7
Cost - Men (days) 4.5
Procedures - Women (days) 6
Time - Women (% of income per capita) 7
Cost - Women (% of income per capita) 4.5
Paid in minimum capital (% of income per capita) 36.2
Dealing with Construction Permits (rank) 108
Score 67
Procedures (number) 22
Time (days) 192.5
Cost (% of warehouse value) 0.6
Building Quality Control Index(0-15) 13
Quality of building regulations index (0-2) 2
Quality control before construction index (0-1) 1
Quality control during construction index (0-3) 2
Quality control after construction index (0-3) 3
Liability and insurance regimes index (0-2) 1
Professional certifications index (0-4) 4
Getting Electricity (rank) 125
Score 63.3
Procedures (number) 5
Time (days) 257
Cost (% of income per capita) 74.7
Reliability of supply and transparency of tariff index (0-8) 7
Total duration and frequency of outages per customer a year (0-3) 2
Mechanisms for monitoring outages (0-1) 1
Mechanisms for restoring service (0-1) 1
Regulatory monitoring (0-1) 1
Financial deterrents aimed at limiting outages (0-1) 1
Communication of tariffs and tariff changes (0-1) 1
System average interruption duration index (SAIDI) 2.6
System average interruption frequency index (SAIFI) 1.2
Minimum outage time (in minutes) 3
Price of electricity (US cents per kWh) 18
Registering Property (rank) 29
Score 80.1
Procedures (number) 4
Time (days) 17.5
Cost (% of property value) 5
Quality of land administration index (0-30) 26
Reliability of infrastructure index (0-8) 8
Transparency of information index (0-6) 3.5
Geographic coverage index (0-8) 8
Land dispute resolution index (0-8) 6.5
Equal access to property rights index (-2-0) 0
Getting credit (rank) 37
Score 75
Strength of legal rights index (0-12) 9
Depth of credit information index (0-8) 6
Getting Credit total score 15
Credit registry coverage (% of adults) 0
Credit bureau coverage (% of adults) 91.1
Protecting Minority Investors (rank) 97
Score 54
Extent of disclosure index (0-10) 2
Extent of director liability index (0-10) 4
Ease of shareholder suits index (0-10) 7
Extent of shareholder rights index (0-6) 4
Extent of ownership and control index (0-7) 5
Extent of corporate transparency index (0-7) 5
Strength of minority investor protection index (0-50) 27
Paying Taxes (rank) 56
Score 80.6
Payments (number per year) 11
Time (hours per year) 277
Total tax and contribution rate (% of profit) 37.9
Profit tax (% of profit) 9.4
Labor tax and contributions (% of profit) 26.4
Other taxes (% of profit) 2.1
Time to comply with VAT refund (hours) 15
Time to obtain VAT refund (weeks) 11
Time to comply with a corporate income tax correction (hours) 4
Time to complete a corporate income tax correction (weeks) 0
Postfiling index (0-100) 87.5
Trading across borders (rank) 1
Score 100
Time to export: Documentary compliance (hours) 1
Time to import: Documentary compliance (hours) 1
Time to export: Border compliance (hours) 0
Time to import: Border compliance (hours) 0
Cost to export: Documentary compliance (USD) 0
Cost to import: Documentary compliance 0
Cost to export: Border compliance (USD) 0
Cost to import: Border compliance (USD) 0
Enforcing contract (rank) 25
Score 71
Time (days) 605
Filing and service (days) 60
Trial and judgment (days) 365
Enforcement of judgment (days) 180
Cost (% of claim) 15
Attorney fees (% of claim) 5
Court fees (% of claim) 8
Enforcement fees (% of claim) 2
Quality of the judicial processes index (0-18) 12.5
Court structure and proceedings (0-5) 3
Case management (0-6) 4
Court automation (0-4) 2.5
Alternative dispute resolution (0-3) 3
Resolving Insolvency (rank) 66
Score 55
Outcome (0 as piecemeal sale and 1 as going concern) 0
Time (years) 2
Cost (% of estate) 14.5
Recovery rate (cents on the dollar) 44.2
Strength of insolvency framework index (0-16) 10
Commencement of proceedings index (0-3) 2.5
Management of debtor's assets index (0-6) 5
Reorganization proceedings index (0-3) 0.5
Creditor participation index (0-4) 2
Information provided by The World Bank Group

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