Lewes, DE -- (SBWIRE) -- 12/14/2017 -- As per International Monetary Fund (IMF) Hungary's nominal gross domestic product is expected to grow at a CAGR of 4.99% from it's 2015 level of HUF 33999.01 billion and reach HUF 47803.10 billion by 2022.

Hungary is a landlocked state with many neighbours Slovakia, Ukraine, Romania, Serbia, Croatia, Slovenia and Austria. It is mostly flat, with low mountains in the north. Lake Balaton, a popular tourist centre, is the largest lake in central Europe. The capital city, Budapest, was originally was two separate cities: Buda and Pest. It straddles the River Danube, is rich in history and culture and famed for its curative springs. Hungary has a single-chamber parliament or national assembly whose 386 members are elected by voters every four years.

Hungary had estimated population of 9.835 million in the year 2016 and expected to reach 9.71 million by 2022. Hungarys unemployment rate was 4.883% of total labor force.

Hungarys real gross domestic product (GDP) was around HUF 24897.02 billions in 2016 whereas the nominal GDP was HUF 35372.57 billions. This resulted in GDP deflator 142.076. Per capita GDP was estimated at USD 12778.29 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 27481.79.

In 2016, Hungary governments revenue was HUF 16202.36 billions whereas the expenditure was HUF 16844.50 billions. This resulted Hungary governments net lending / borrowing negative at HUF 642.145 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.

The current account balance for Hungary was estimated to be at USD 5.434 billions for the year 2016 and is expected to decline at a CAGR of 12.89% and reach USD 1.569 by 2022. This positive current account balance indicates the Hungary is net lender to the whole world.

Scope of the Hungary PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Hungary.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Hungary.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Hungary.
- These reports provide risk analysis for Hungary.

For more information and to purchase Hungary PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/hungary-pestel-analysis-market-research-report

For more information and to purchase Hungary SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/hungary-swot-analysis-market-research-report

For more information and to purchase Hungary Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/hungary-risk-analysis-market-research-report

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