Worrisome macroeconomic imbalances

B3

SENSITIVE RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Updated in January 2023.

Swipe to view more

GDP USD182bn (World ranking 55, World Bank 2021)
Population 9.7mn (World ranking 94, World Bank 2021)
Form of state Parliamentary Republic
Head of government Viktor ORBAN (Prime Minister)
Next elections 2026 (Legislative)
  • Generally stable parliamentary democracy
  • EU membership
  • Strong, competitive manufacturing base
  • Deteriorated investment climate, as a consequence of unconventional economic policy measures since 2010
  • At times, difficult relations with the IMF and the EU
  • High public debt and large total external debt burden
  • Exchange rate vulnerability
  • Low level of FX reserves – import cover below three months
  • Worrisome double deficit of the fiscal and current accounts

Trade structure by destination/origin

(% of total, 2021)

Exports Rank Imports
Germany 26.3%
1
23.8% Germany
Italy 5.6%
2
7.1% China
Romania 5.6%
3
6.1% Austria
Austria 4.4%
4
5.9% Slovakia
United States 4.1%
5
5.7% Poland

Trade structure by product

(% of total, 2021)

Exports Rank Imports
Road vehicles 15.7%
1
14.5% Electrical machinery, apparatus and appliances, n.e.s.
Electrical machinery, apparatus and appliances, n.e.s. 14.3%
2
8.8% Road vehicles
Telecommunication and sound recording apparatus 6.9%
3
5.7% Office machines and automatic data processing machines
Power generating machinery and equipment 6.1%
4
5.2% Other industrial machinery and parts
Medicinal and pharmaceutical products 5.4%
5
4.2% Medicinal and pharmaceutical products
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
Popular Risk Reports: Americas

Popular Risk Reports: Europe

Popular Risk Reports: Asia Pacific

Popular Risk Reports: Middle East

Popular Risk Reports: Africa