Market profile

With a population of approximately 10 million and gross domestic product per capita of US$17,296 (2019), Hungary is an important market in Central Europe. GDP growth has been strong and unemployment rate has been declining.

The Hungarian economy is closely linked to the major economies in Europe, especially Germany with approximately 75% of its exports going to European Union countries. Key industries of focus are Logistics, Food, Life Science, Medical Technology, Renewable Energy, BSC, ICT, Electronics and Automotive.

Australian exports to Hungary are predominantly medicaments, electrical machinery, electronic and telecom parts.

The Austrade office in Poland is also responsible for Hungary.

Facts

  • Merchandise exports A$36 million
  • Services exports A$42 million
  • Capital Budapest
  • Official language Hungarian
  • Area 90,530 sq km
  • Population 9.8 million

Information provided by DFAT

Country brief

A comprehensive overview of political, economic and bilateral and regional trade agreements.

» read more at DFAT

Trade and economic fact sheet

Containing general information, recent economic indicators, Australia’s trade and investment relationship with Hungary and their global merchandise trade relationship that is updated twice a year.

» read more at DFAT

Smartraveller

The Department of Foreign Affairs and Trade’s Smartraveller site provides advice for business travelers and tourists going to Hungary. This is regularly updated and should be checked before planning travel.

» read more at DFAT

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