The most important sectors of Hungary’s economy in 2018 were industry (25.9%), wholesale and retail trade, transport, accommodation and food services (18.5%) and public administration, defence, education, human health and social work activities (16.8%). Currency: HUF GDP Per Capita: 16,475.7USD (2019) GDP Growth Rate: 4.9% annual change (2019) Gross Domestic Product: 170,642.25 million (2019) GNI Per Capita: 30,310 PPP dollars (2018)
Hungary’s main export partners are Germany, Austria and Romania while its main import partners are Germany, Austria, and Russia. Imports: The top imports of Hungary are Vehicle Parts ($5.84B), Cars ($4.59B), Packaged Medicaments($3.21B), Integrated Circuits ($3.14B), and Crude Petroleum($2.97B). Exports: The top exports of Hungary are Cars ($11B), Vehicle Parts($7.22B), Spark-Ignition Engines ($3.92B), Packaged Medicaments($3.76B), and Video Displays ($2.74B). Hungary exports mostly to Germany ($32.6B), Italy ($6.29B), Romania ($6.18B), Slovakia ($5.76B), and Austria ($5.42B), and imports mostly from Germany ($29.6B), Poland ($6.8B), China ($6.67B), Austria ($6.24B), and Czechia ($5.98B).
Finances with EU
Breakdown of Hungary’s finances with the EU: Total EU spending in Hungary: 6.298 billion Total EU spending as % of Hungarian gross national income (GNI) : 4.97% Total Hungarian contribution to the EU budget : 1.076 billion Hungarian contribution to the EU budget as % of its GNI : 0.85%