Markets

Hungary

Unemployment Rate
4.3 %
Average Salary
961 EUR
Economically Active Population
4.9 million
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About Hungary

Hungary offers a highly skilled, multilingual workforce with strong expertise in STEM fields, making it an attractive destination for businesses seeking top talent. English and German are widely spoken, especially in urban centers. The country’s tech sector is rapidly growing, with Budapest emerging as a regional startup and outsourcing hub. With the EU’s lowest corporate tax rate at just 9%, generous R&D incentives, and competitive labor costs, Hungary combines business-friendly policies with strategic Central European access—ideal for scaling operations across the continent.

Data

Unemployment
National average: : 4.4%
Capital city (Budapest):: 1.2%
Average Monthly Salary
National average:: 961 EUR
Capital city:: 1,400 EUR
Population
Total population:: 6.5 million
Economically active population:: 3 million
Education split
Basic or lower: : 10.9%
Primary education:: 16.4%
Secondary education:: 47.1%
Higher education:: 25.5%
Currency
Hungarian Forint (HUF)
Strongest Industries
IT & Telecommunications:
Business Process Outsourcing (BPO):
Energy:
Tourism:
Pharmaceuticals:
Textile Industry: