The monthly minimum wage in Hungary is 530 USD. Relative to consumer prices, the inflation rate in Hungary is 1.9%. The currency of Hungary is the Hungarian Forint. The plural form of the word Hungarian forint is forint. The symbol used for this currency is Ft, abbreviated as HUF. The Hungarian forint is divided into filler; There are 100 forints in one forint. Every year consumers spend around 32,180 million US dollars. The ratio of consumer spending to GDP in Hungary is 0.02%, and the ratio of consumer spending to world consumer market is 9.28%. Corporate tax in Hungary is 19%. VAT in Hungary is 27%.
Gross domestic product
The total Gross Domestic Product (GDP) calculated as Purchasing Power Parity (PPP) in Hungary is US$247,113 billion. The gross domestic product (GDP) calculated as purchasing power parity (PPP) per capita in Hungary was last at 25,504,892 US dollars. The PPP in Hungary is considered very good compared to other countries. A very good PPP indicates that citizens of this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good purchasing power parities are safe locations for investments. The total gross domestic product (GDP) in Hungary is 133.424 billion. Based on this statistic, Hungary is classified as medium-economic. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. The gross domestic product (GDP) per capita in Hungary was last at 13,770,885 US dollars. The average citizen in Hungary has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. There are highly skilled workers in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual GDP growth rate in Hungary in 2014 averaged 2.8%. According to this percentage, Hungary is currently experiencing modest growth. Modest growth countries offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will grow accordingly.