Ministry for National Economy

Mihály Varga

Minister for National Economy

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Hungarian Outlook

An extraordinary deficit figure for 2011

Ministry for National Economy, April 5, 2012 4:34 PM

The Hungarian budget ended the year of 2011 with a surplus of 4.3 percent which is an outstanding achievement both from an international and a long term Hungarian perspective and also unprecedented since the regime change. The deficit figure calculated according to the EU methodology, however, includes a number of known one-off items which complicate long term comparisons. Therefore, the Ministry for National Economy considers it a priority to share with the public the deficit data excluding one-off items.

The Atlas of Economic Complexity

Ministry for National Economy, March 30, 2012 12:10 PM

The researchers of the American Harvard and MIT universities concluded a study on economic complexity last year. The atlas analyzes the foreign trade of 128 countries and sets up an economic growth ranking which is based on the so-called Economic Complexity Index (ECI). The basis for the analysis is the quantity and complexity of exported goods and the frequency of exports. Consequently, services and non-export goods were not included in the study.