Hungary
On this page you will find beneficial information regarding foreign direct investment in / trading with Hungary. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Parliamentary Democracy
Population: 9.709 million (2021)
GDP: 181.8 billion USD (2021)
Corporate Tax Rate: 9%
Personal Income Tax Rate: 15%
Major Exports: Cars ($12.1B), Motor vehicles; parts and accessories (8701 to 8705) ($7.79B), Electric Batteries ($4.18B), Video Displays ($4.03B), and Packaged Medicaments ($3.97B), exporting mostly to Germany ($35.7B), Italy ($7.7B), Romania ($7.25B), Slovakia ($6.42B), and Austria ($6.01B).
Major Imports: Motor vehicles; parts and accessories (8701 to 8705) ($6.52B), Cars ($4.36B), Integrated Circuits ($3.71B), Packaged Medicaments ($3.08B), and Broadcasting Equipment ($3.01B), importing mostly from Germany ($32.5B), China ($10.8B), Poland ($8.05B), Austria ($7.99B), and Slovakia ($7.72B).
Investment Agency: Hungarian Investment Promotion Agency (HIPA)
Website: https://hipa.hu/
