GDP per capita is converging to the OECD average, though slowly
Well-being can be improved
Redistribution reduces inequalities
Inequality and poverty are relatively low but vary across regions
Economic developments are strong
Trade is mainly with Europe
Employment rates of women, the low-skilled and older workers have risen
Higher participation is helping to offset the effect of ageing in the labour market
Capacity constraints are increasing
Inflation is picking up
The tax wedge is being reduced
Wage levels remain low in Hungary despite recent increases
The yield curve has steepened
Emerging market volatility has spilled into the Hungarian markets
Some central banks have been forced to sharply increase policy rates
Foreign reserves are declining
Macro-financial vulnerabilities have diminished significantly since 2007
The ratio of non-performing loans has fallen
Low banking sector efficiency is a concern
The stock of credit is relatively low
The size of the budget deficit is hidden by the strong economy
General government gross debt
More fiscal consolidation effort is needed to reduce public debt
Tax revenues are already high as a share of GDP
The tax structure is tilted towards consumption and labour taxes
Hungary is benefitting from a relatively high stock of inward FDI
Benefits from participating in GVCs are moderate
Productivity has failed to catch up
The shift towards high skilled employment is expected to continue
Labour market turnover is relatively low
Skills mismatches could be further reduced
Mothers with young children have relatively low employment rates
Gender pay gaps are increasing with education and skills requirements unlike in the EU
Old-age spending pressures under less optimistic assumptions
The old-age dependency ratio is projected to peak around 2060
Gross pension replacement rates
Pension benefit accrual rate by years of coverage
Number of avoidable hospital admissions is high
Green growth indicators: Hungary