Language

Official language
Hungarian 99.6%

T-index
0.17%

T-Index ranks countries according to their potential for online sales.

Other languages
German, Slovak, Serbian, Slovene, Croatian, Romani, Romanian

Immigrant languages: Turkish, Polish, Balkan, Kurdish, Russian

English
Very high proficiency (EF) – 18 of 112 countries/regions in the world- 16/35 position in Europe.

Demography

Capital: Budapest
Currency: Hungarian forint
Population: 9,71 million 
Population density: 107/km2

Economy

GDP: 181.85 billion USD (2021)
GDP per capita: 18,728.1 USD ‎(2021) ‎
Exports: 118 billion USD (2020)

Statistics

Internet users: 89% penetration, 8.56 million
Unemployment rate: 4.2% ( 2020)
Urbanisation: 71.64% (2019)
Literacy: 99% (2021)

Conventions

Numbering system
Arabic numerals and comma as decimal separator

Date format: yyyy-mm-dd
Time: 24h time system
Country code: 0036

Economy

Imports
$110 billion (2020).  Vehicle Parts ($5.72B), Cars ($4.05B), Packaged Medicaments ($3.19B), Integrated Circuits ($3B), and Broadcasting Equipment ($2.67B), importing mostly from Germany ($26.9B), China ($8.48B), Poland ($6.63B), Czechia ($6.13B), and Austria ($6.06B).

Financial inclusion factors (over 15 years of  age)
• 75% have an account with a financial institution
• 13% have a credit card
• 38% make online purchases

Ease of doing business
It is very easy to conduct business (rated 73.4 out of 100) ranked 30th out of 34 countries in OECD high income countries, ranked 52nd out of 190 countries worldwide (2022, World Bank)

Exports
$118 billion (2020).  Cars ($11.5B), Vehicle Parts ($6.73B), Packaged Medicaments ($3.69B), Video Displays ($3.55B), and Spark-Ignition Engines ($2.67B), exporting mostly to Germany ($31.4B), Romania ($6.28B), Italy ($5.87B), Slovakia ($5.42B), and France ($4.96B).

Main local online stores
Tesco, Media Markt, eMAG, Vatera.hu, Mall, Tesco, Libri-Bookline and Ujjé.hu. About 92% of Hungarian businesses sell their products or services on their own website or mobile application, according to data from Eurostat.

Economic freedom
‘Moderately free’ (64.1 out of 100) ranked 31st out of 44 European countries, ranked 54th out of 186 countries worldwide (2022, Heritage Foundation and Wall Street Journal)

Global Innovation Index
Ranked 22nd out of 39 European countries, and 34th out of 132 worldwide.

The Global Innovation Index captures the innovation
ecosystem performance of 132 economies and tracks the most recent global innovation trends.

Media

Media language:
Hungarian, English

Information channels

The ruling Fidesz party has sought to tighten its control over the media, drawing criticism from media freedom organisations. Legislation has allowed for politicised media regulation and the public broadcaster is pro-Fidesz, says US-based Freedom House. The media “are increasingly dominated by pro-government outlets, which are frequently used to smear political opponents”, it says. Fidesz-friendly business figures have supplanted foreign companies as investors in key media, says Reporters Without Borders. But it says the media landscape is still varied, with online outlets carrying investigative reporting of alleged corruption involving officials. In late 2018, nearly all pro-government private media merged to form a conglomerate – the Central European Press and Media Foundation. Ten companies handed their outlets over to the foundation, amounting to hundreds of publications, websites and broadcast outlets.

The press

Magyar Hirlap – pro-government daily
Nepszava – left-of-center daily
Magyar Nemzet – pro-government daily
Blikk – tabloid daily
Lokal – pro-government daily freesheet
HVG (Heti Vilaggazdasag) – political and business weekly

Television

Magyar Televizio (MTV) – public
RTL Klub – private
TV2 – private
Hir TV – private, pro-government
ATV – private, owned by the evangelical-pentecostal Faith Church

Radio

Hungarian Radio – public, networks include Kossuth, Petofi and Bartok
Retro Radio – private, national
InfoRadio – private, news
Slager FM – private

News agency

MTI – state-owned
Hungary Around the Clock – English-language news site
Origo – news website
Index – news website
24.hu – news website

Internet Data

Internet users
89% penetration, 8.56 million

Share of web traffic by device
50.35% mobile phones, 48.06% computers (laptops and desktops), 1.55% tablet devices, others 0.04%

Median speed of mobile Internet connection
37.31 Mbps

Median speed of fixed Internet connection
96.48 Mbps

Mobile connection as a percentage of total population: 117.4%

Percentage of mobile connections that are broadband (3G-5G): 86.6%

Most popular web search engines
Google (97.85%), Bing (1.64%), Yahoo (0.31%), DuckduckGo (0.1%), Yandex (0.04%), Ecosia (0.02%),

Most used social media
Facebook (92.14%), Pinterest (3.14%), Twitter (1.78%), Instagram (1.73%), YouTube (0.67%), Reddit (0.22%)

Social statistics

Life expectancy
76 yrs (2020)

Average age of the population
43.3 yrs (2020)

Healthcare expenditure
6.35% of GDP

Glass Ceiling Index
63.7 out 100, ranked 23rd out of 29 countries.

The glass-ceiling index measures the environment for working women combining data on higher education, labor-force participation, pay, child-care costs, maternity and paternity rights, business-school applications, and representation in senior jobs.

Gender
Hungary is fairly modern. There are problems in connection with gender, a woman must prove her talent more than a man.

Religion
Since Hungarians are free to practice or not practice religious beliefs, no one deals with such questions. No one can ask about your religious beliefs personally or officially, so no discrimination may ensue from such matters.