- In Hungary the economy grew by 2.9 in 2015 and is expected to remain relatively stable in 2016-2017.
- The budget deficit has been kept under the 3% level since 2012. Between 2013 and 2015 the budget deficit was further decreased from 2.6% of the GDP to 2.0%.
- The Hungarian industry is characterised by the dominant role of foreign controlled companies and strong export orientation. Foreign controlled enterprises accounted for 57.4% of the total production value in the Hungarian economy in 2014.
- The unemployment rate in Hungary has been constantly decreasing since its peak in 2011 of 11.2% down to 7.7% in 2014 and 6.8% in 2015. The main active policy tool to achieve this result has been the Government’s public work scheme.
- Although Hungary is still a service-driven economy, during the past five years the share of industry (gross value added, % of GDP) has grown from 21.9% to 22.9% between 2010 and 2015 (without the construction sector).
- GERD has shown an upward trend with a rather strong growth rate between 2008 and 2013. At the same time R&D funding by the government has not increased proportionally. Contribution from the private sector grew faster and since 2007 the private sector has been the main contributor to GERD. The structural funds are a major source for R&D funding.