Official Name: | The Republic of Hungary |
Sovereign Status: | Sovereign Country |
Government Type: | Parliamentary Republic |
Official Name (Local Language): | Magyar Koztarsasag |
ISO Country Codes: | HU : HUN |
Internet Domain: | .hu |
Government Web Site: | https://kormany.hu/ |
Capital: | Budapest | Main Airports: | Budapest Ferenc Liszt International Airport |
Language(s): | Hungarian | Population: | 9,699,577 |
Currency: | Hungarian Forint | ISO Currency Code: | HUF |
Telephone Dial In: | +36 | ID Prefix: | 00 |
Government Website: | https://kormany.hu/ |
Sovereign Ratings: | https://countryeconomy.com/ratings/hungary |
Central Bank: | National Bank of Hungary |
GDP: | $326.186 billion (2021 est.) |
GDP Pro Capita (PPP): | $33,600 (2021 est.) |
Currency & USD Exchange Rate: | Hungarian Forint |
Currency Code: | HUF |
World Bank Classification: | High-Income Economy |
GDP Composition:
Agriculture: | 3.5% | wheat, corn, sunflower seed, potatoes, sugar beets; pigs, cattle, poultry, dairy products |
Industry: | 31.8% | mining, metallurgy, construction materials, processed foods, textiles, chemicals (especially pharmaceuticals), motor vehicles |
Services: | 64.7% |
Subject to Country Specific Sanctions? NO
The World Bank’s World Integrated Trade Solution
Business Language(s): | English; Hungarian |
Customs & Excise: | National Tax and Customs Administration of Hungary |
Development Bank(s): | Hungarian Development Bank; The Social Development Bank in Europe; The European Bank for Reconstruction and Development; |
National Standards Bureau: | Magyar Szabványügyi Testület |
Competitive Ind’l Performance: 47/141 (2019) | Corruption Perceptions Index: 77/180 (2022 Rank) |
Ease of Doing Business: N/A | Enabling Trade Index: 38/136 (2016) |
Global Trade Alert | Search ITC's Lega Carta |
Eximbank: Hungarian Export-Import Bank Plc ;
Investment Agency: Hungarian Investment Promotion Agency ;
N/A
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Major Companies with a Local Operation
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FIATA Members
Magyar Szallitmanyozok Szovetsege - Association of Hungarian Forwarders
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British Chambers of Commerce Overseas |
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British Chambers of Commerce in Hungary The British Chamber of Commerce in Hungary (BCCH) is a non-profit association of members operating since 1991 (re-established in 2006). During its 15 years of operation the membership has grown to around 200 companies drawn from British-Hungarian joint ventures, Hungarian companies with British business interests and British companies operating in Hungary. |
Joint-Venture Chambers of Commerce No resources available |
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British Representation Overseas |
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The British Embassy Budapest |
Department for Business and Trade Hungary |
UK Science & Innovation Network in Hungary |
Foreign Representation in the U.K. |
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Embassy of Hungary EmbassyPages EmbassyHomePage |
Consulate - Economic, Investment & Trade Commission |