Economic situation in Hungary

2. SOCIAL AND ECONOMIC
SITUATION in HUNGARY
Capital: Budapest
Official language: Hungarian
Area: 93,030 km2
Population: 9,830,485
Currency: Hungarian forint

4. Natural resources
75% of Hungary's landscape consists of flat plain
The most significant natural resource is land
20% of the country's area consists of foothills
covered by forests
Lack of energy and raw materials
Hungary's underground water reserve is one of the
largest in Europe
The major rivers: the Danube and the Tisza.
Lake Balaton is a tourist spot and recreation area.

5. Agriculture
Agriculture makes up about 13% of the GDP
About half of Hungary’s total land area is agricultural area under
cultivation
 The most important crops are wheat, corn, sunflower, potato, sugar
beet and a wide variety of fruits (apple, peach, pear, grape,
watermelon, plum)
 Hungary has several wine regions producing among others the
worldwide famous white dessert wine Tokaji and the red Bull’s Blood
Another traditional world-famous alcoholic drink is the fruit
brandy pálinka.
Another symbol of Hungarian agriculture and cuisine is the paprika

6. Industry
The main sectors of Hungarian industry are heavy industry (mining,
metallurgy, machine and steel production), energy production, mechanical
engineering, chemicals, food industry and automobile production.
The leading industry is machinery and chemical industry (plastic
production, pharmaceuticals)
Mining, metallurgy and textile industry seemed to be losing importance in
the past two decades.
Hungary is a favoured destination of foreign investors of automotive
industry (General Motors, Suzuki, Mercedes-Benz and Audi factory) in
Central Europe

7. Services and Tourism
growing investments into transport and other services
the country’s central position makes it suitable and rewarding to
invest
Top tourist destination is Lake Balaton the largest freshwater lake
in Central Europe
The most visited region is Budapest, the Hungarian capital
Spa culture is world-famous, with thermal baths and over 50 spa
hotels located in many towns

8. Education
Education in Hungary is free and compulsory from the age of 5 to
16.
The state provides free pre-primary schooling for all children, 8
years of general education and 4 years of upper secondary level
general or vocational education.
 Higher education system follows the three-cycle structure and the
credit system of the bologna process
Emphasis on digital literacy and foreign language studies

All secondary level schools teach foreign languages and at least
one language certificate is needed for the acquisition of a diploma

9.  Population: 9 830 500
 Employed : 4 342 700
 Unemployed : 277 800
 Young unemployed : 33 300 Hungary Our county Rate (%)
9 830 500 563 100 5,7
4 342 700 227 600 5,2
277 800 28 400 10,2
33 300 5 600 16,8
*Forrás: KSH 2016. II. negyedév – aktivitási adatok a 15-74 éves korú népességen belül
**Forrás: NFSZ 2016. október
Labour marketLabour market

10.  One fourth of job seekers are under
the age 25.
The most unemployed people are at the
age of 25-39.
 Half of the job seekers have only
primary school education.
 30% of job seekers are skilled workers.
 One fourth of job seekers are under
the age 25.
The most unemployed people are at the
age of 25-39.
 Half of the job seekers have only
primary school education.
 30% of job seekers are skilled workers.
Labour Market SituationLabour Market Situation

11. Problems on labour marketProblems on labour market
Not enough workplaces
Low salary
High proportion of unemployed people
Permanent unemployment
High proportion of low educated people
Lack of motivation

12. The main causesThe main causes
of being unemployedof being unemployed
 Bad structure of educational system
 Bad choice of professions – lack of information
 Early school leaving
 No motivation
 Disadvantaged situation

13. How can Job Centres help?

14. Source:Source:
https://en.wikipedia.org/wiki/Economy_of_Hungaryhttps://en.wikipedia.org/wiki/Economy_of_Hungary
Lecture by Pál ToldikLecture by Pál Toldik