Economic Trivia

The private sector accounts for more than 80% of GDP.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2019): Germany, Austria, and Slovakia
Top 3 Exported Goods (2019): Electrical Machinery, Motor Vehicles & Parts, and Industrial Machinery

Top Industries Source: CIA World Factbook

Mining; Metallurgy; Construction Materials; Processed Foods

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $322,562,097,345 (2020)
GDP Growth Rate (annual %) -4.957% (2020)
GDP Per Capita, PPP (current international) $33,084 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 54/197 (2020)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 3.327% (2020)
External debt stocks, total (DOD, current US$) $196,739,060,000 (2013)
Total tax rate (% of commercial profits) 37.9% (2019)
Real Interest Rate (5 year average %) -3.547% (2020)
Manufacturing, value added (% of GDP) 18.035% (2020)
Current Account Balance (BoP, current US$) $166,968,671 (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 4,732,423 (2020)
Employment in Agriculture (% of total employment) 4.571% (2020)
Employment in Industry (% of total employment) 32.799% (2020)
Employment in Services (% of total employment) 62.63% (2020)
Unemployment Rate 4.35% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $120,145,602,225 (2020)
Exports of goods and services (current US$) $123,487,515,016 (2020)
Total Merchandise Trade (% of GDP) 152.145% (2020)
FDI, net inflows (BoP, current US$) $92,164,560,624 (2019)
Commercial Service Exports (current US$) $22,249,007,139 (2020)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Hungary’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank