Region
Index: 5.5   Rank 11 
Hungary
Flag of Hungary


Updated: March 10, 2010  

Population:

Total Population: 9.9 million
Rank: 23 of 26
Source: CIA World Factbook, July 2009

Economy:

Gross Domestic Product: 154.7 billion US dollars
Rank: 21 of 26
Source: World Bank, 2009

Gross Domestic Product (PPP): 194 billion international dollars
Rank: 23 of 26
Source: World Bank, 2009

Per Capita Income:

Gross National Income Per Capita (Atlas Method): 12,810 US dollars
Rank: 5 of 26
Source: World Bank, 2009

Gross National Income Per Capita (PPP): 17,790 international dollars
Rank: 5 of 26
Source: World Bank, 2009

Index: 7.3   Rank 15

Index: 7.6 Rank 10
IT Salaries:

Software Engineer/ Web Developer: 29 percent of US
Rank: 18 of 25
Source: PayScale, SourcingLine, February 2010

Sr. Software Engineer/ Web Developer: 45 percent of US
Rank: 19 of 24
Source: PayScale, SourcingLine, March 2010

IT Project Manager: 53.3 percent of US
Rank: 17 of 24
Source: PayScale, Offshore Advisor, 2009

Index: 7.4 Rank 10
BPO Salaries (Non-voice):

Junior BPO Resource: 29.9 percent of US
Rank: 17 of 25
Source: PayScale, Offshore Advisor, 2009

Skilled BPO Resource: 49.9 percent of US
Rank: 19 of 26
Source: PayScale, Offshore Advisor, 2009

Operations Manager: 69.5 percent of US
Rank: 15 of 26
Source: Payscale, Offshore Advisor, 2009

Index: 7.1 Rank 10
Real Estate:

Office Occupancy Cost (CBD): 34.3 US$/sf/yr
Rank: 8 of 20
Source: CB Richard Ellis, Colliers International, Offshore Advisor analysis, 2009

Office Occupancy Cost (Suburbs): 26.7 US$/sf/yr
Rank: 6 of 15
Source: Colliers International, 2009

Note: Office occupancy costs are for Budapest.

Index: 6.3 Rank 10
Taxes:

Corporate Tax Rates: 16 percent
Rank: 3 of 26
Source: KPMG, 2008

Indirect Tax Rates: 20 percent
Rank: 21 of 26
Source: KPMG, 2008

SMB Effective Tax Rate: 57.5 percent
Rank: 22 of 26
Source: Doing Business (World Bank), 2009

Index: 1.8   Rank 10

Index: 0.0 Rank 10
Workforce:

Total Workforce: 4.2 millions
Rank: 23 of 26
Source: CIA World Factbook, 2009

Index: 0.3 Rank 10
Outsourcing Sector:

Exports of Computer & Information Services: 1,154.9 million US dollars
Rank: 8 of 21
Source: IMF, 2009

Exports of Misc. Business Services: 3,373 million US dollars
Rank: 12 of 23
Source: IMF, 2009

Index: 8.5 Rank 10
Basic Education:

Adult Literacy: 98.9 percent of population
Rank: 7 of 26
Source: UNESCO, 2008

Public Expenditure on Education: 5.5 percent of GDP
Rank: 4 of 21
Source: UNESCO, 2008

Index: 7.8 Rank 10
Educational Achievement:

Reading Achievement: 482 PISA literacy scale
Rank: 4 of 15
Source: OECD PISA, 2006

Math Achievement: 491 PISA mathematics scale
Rank: 4 of 16
Source: OECD PISA, 2006

Science Achievement: 504 PISA science scale
Rank: 3 of 16
Source: OECD PISA, 2006

Index: 1.0 Rank 10
University Graduates:

University Educated Population: 14.7 percent of population
Rank: 6 of 14
Source: UNESCO, 2008

Annual University Graduates: 72 thousands
Rank: 19 of 22
Source: UNESCO, 2008

Annual Science & Technology Graduates: 9 thousands
Rank: 14 of 14
Source: UNESCO, 2008

Index: 6.0 Rank 10
Technological Readiness:

Internet Access: 54.9 users per 100 inhabitants
Rank: 5 of 26
Source: International Telecommunications Union, 2009

Broadband Internet Access: 15.4 subscribers per 100 inhabitants
Rank: 5 of 26
Source: International Telecommunications Union, 2009

Index: 6.6   Rank 6

Index: 6.2 Rank 10
Economic Competitiveness & Stability:

Economic Competitiveness: 4.2 GCI score
Rank: 15 of 26
Source: The Global Competitiveness Report, 2009

Macroeconomic Stability: 4.5 GCI Score
Rank: 17 of 26
Source: The Global Competitiveness Report, 2009

Index: 6.9 Rank 10
Infrastructure:

Quality of Roads: 3.8 index (1-7)
Rank: 11 of 26
Source: The Global Competitiveness Report, 2009

Quality of Electric Supply: 5.2 index (1-7)
Rank: 11 of 26
Source: The Global Competitiveness Report, 2009

Mobile Phone Penetration: 122.1 subscriptions per 100 inhabitants
Rank: 5 of 26
Source: International Telecommunications Union, 2009

Index: 8.0 Rank 10
Labor Market Efficiency:

Rigidity of Employment: 22 index (0-100)
Rank: 11 of 26
Source: Doing Business (World Bank), 2009

Cost of Firing Employees: 35 weeks of salary
Rank: 11 of 26
Source: Doing Business (World Bank), 2009

Index: 6.4 Rank 10
Regulation:

Overall Ease of Doing Business: 47 rank (1-183)
Rank: 8 of 26
Source: Doing Business (World Bank), 2009

Complexity of Starting a Business: 4 days to register a start-up
Rank: 1 of 26
Source: Doing Business (World Bank), 2009

Complexity of Paying Taxes: 330 hours per year
Rank: 15 of 26
Source: Doing Business (World Bank), 2009

Index: 5.1 Rank 10
Corruption:

Corruption Perceptions: 5.1 CPI index
Rank: 8 of 26
Source: Transparency International, 2008

Index: 8.3 Rank 10
Legal Protection:

Procedures to Enforce Contracts: 33 number
Rank: 8 of 26
Source: Doing Business (World Bank), 2009

Time to Enforce Contracts: 395 days
Rank: 4 of 26
Source: Doing Business (World Bank), 2009

Cost to Enforce Contracts: 13 percent of claim
Rank: 6 of 26
Source: Doing Business (World Bank), 2009

Index: 5.8 Rank 10
Intellectual Property Protection:

Intellectual Property Protection: 3.9 index (1-7)
Rank: 9 of 26
Source: The Global Competitiveness Report, 2009

Software Piracy: 42 percent
Rank: 6 of 25
Source: BSA-IDC Global Software Piracy Study, 2009

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