The answer to the question "how's life?" depends on where you live. The factors that determine well-being can vary dramatically across the same country so national averages may not provide the full picture. See our regional indicators to see exactly how life is being lived.
It is a great pleasure for me to be in Budapest on a doubly important occasion. We are presenting the 2016 Economic Survey of Hungary, but also celebrating the 20th anniversary of Hungary’s accession to the OECD.
L’économie hongroise se développe mais des réformes s’imposent pour stimuler les compétences, l’investissement productif et les revenus.
L’économie hongroise s’est fortement développée ces dernières années, à la faveur d’une solide croissance des exportations et de la demande intérieure des entreprises. Mais les revenus restent parmi les plus faibles de l’OCDE et des réformes structurelles seront nécessaires.
The Secretary-General presented the 2016 OECD Economic Survey of Hungary, commemorated the 20th anniversary of Hungary's accession to the OECD and met with Hungarian President János Áder and Prime Minister Viktor Orbán.
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In 2010, the Hungarian government started an ambitious public sector reform programme with the aim of modernising its public administration and improve access, responsiveness and quality of public services.
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Hungary ranks among the OECD countries with the highest rates of obesity, harmful alcohol use and tobacco smoking. These are leading behavioural risk factors for non-communicable diseases. Hungary has implemented a public health tax and tight policies on alcohol consumption, but alcohol taxation is mild and unrecorded alcohol and tobacco consumption are significant.
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Credit to small and medium-sized enterprises (SMEs) declined more in Hungary than in most other countries since 2008, and credit conditions remain comparatively tight, especially for small businesses, firms with a higher risk-return profile and firms seeking long-term loans.
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Hungarian youth are less active in entrepreneurship than young people in most other OECD countries. In 2014, 2.5% of all youth aged 15-24 were self-employed, which is below the European Union average of 4.2%. This gap can be explained by a negative attitude towards entrepreneurship and few perceived opportunities.
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Hungary has the 4th highest tax wedge among the 34 OECD member countries in 2015. The country occupied the same position in 2014. The average single worker in Hungary faced a tax wedge of 49% in 2015 compared with the OECD average of 35.9%.