Final Country Analysis Hungary
Dr. Birkeli
Final Country Analysis
Hungary
Additional Country profile of Hungary
GDP per Capita: $19,600
GDP Composition: Agriculture 3.2%, Industry 31.9%, Services 65%
Merchandise Trade (% of GDP): 158.6 8th in the World
Unemployment: 10.7%
Ranked 22nd in available skilled labor by the IMD’s World Competitiveness Index
Labor Participation Rate: 51%
FDI Stock by Sector: 56% Services, 36% Manufacturing, 5% Electricity, Gas, Water, 3% Other
Exports vs. Imports: Even on Average
Ease of Doing Business Risk Rankings
Overall Ease of Doing Business: 54
Trading Across Borders: 70
Investors who have become successful in Hungary: Toshiba, Microsoft, GM, Audi, Michelin, Sanyo, Samsung, Phillips, Hisense, Bridgestone, Tyco Electronics, Mercedes Benz
17% of total Hungarian Exports come from Audi, Opel, and Suzuki
Major Exports: Apparatus for TV, radio, and telephone, TV monitors, Cars, Parts and car accessories, automatic data processing machines
Major Imports: Telephones, parts of radios, tvs, and telephones, electronic circuits, parts and accessories of motor vehicles
Final Decision: The decision I have made for a business relationship with Hungary is to import the consumer good of high end television monitors from Hungary. Hungary is ranked 5th in the world in exporting television monitors and projectors and is increasing every year. Hungary is significantly behind China and Mexico in volume of televisions exported to other countries, but the televisions they do export are higher quality and more specialized. The demand in the United States for high end television monitors is very high. Of all television importers across the world, the United States makes up 31% of those. The TVs imported to the United States over the last year had a value of $30 billion dollars. The next closest country was Germany with a value of $7 billion. These numbers show how large, and how much potential this industry has in the United States. As can be seen
Final Country Analysis
Hungary
Additional Country profile of Hungary
GDP per Capita: $19,600
GDP Composition: Agriculture 3.2%, Industry 31.9%, Services 65%
Merchandise Trade (% of GDP): 158.6 8th in the World
Unemployment: 10.7%
Ranked 22nd in available skilled labor by the IMD’s World Competitiveness Index
Labor Participation Rate: 51%
FDI Stock by Sector: 56% Services, 36% Manufacturing, 5% Electricity, Gas, Water, 3% Other
Exports vs. Imports: Even on Average
Ease of Doing Business Risk Rankings
Overall Ease of Doing Business: 54
Trading Across Borders: 70
Investors who have become successful in Hungary: Toshiba, Microsoft, GM, Audi, Michelin, Sanyo, Samsung, Phillips, Hisense, Bridgestone, Tyco Electronics, Mercedes Benz
17% of total Hungarian Exports come from Audi, Opel, and Suzuki
Major Exports: Apparatus for TV, radio, and telephone, TV monitors, Cars, Parts and car accessories, automatic data processing machines
Major Imports: Telephones, parts of radios, tvs, and telephones, electronic circuits, parts and accessories of motor vehicles
Final Decision: The decision I have made for a business relationship with Hungary is to import the consumer good of high end television monitors from Hungary. Hungary is ranked 5th in the world in exporting television monitors and projectors and is increasing every year. Hungary is significantly behind China and Mexico in volume of televisions exported to other countries, but the televisions they do export are higher quality and more specialized. The demand in the United States for high end television monitors is very high. Of all television importers across the world, the United States makes up 31% of those. The TVs imported to the United States over the last year had a value of $30 billion dollars. The next closest country was Germany with a value of $7 billion. These numbers show how large, and how much potential this industry has in the United States. As can be seen