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The average worker in Hungary faced a tax burden on labour income (tax wedge) of 49.0% in 2013 compared with the OECD average of 35.9%. Hungary was ranked 4 of the 34 OECD member countries in this respect.
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This note presents key findings for Hungary from Society at a Glance 2014 - OECD Social indicators. This 2014 publication also provides a special chapter on: the crisis and its aftermath: a “stress test” for societies and for social policies.
Hungary exited recession in 2013, but growth potential remains held back by weak investment, low employment among low-skilled workers and shortcomings in labour and product markets. These factors also weigh on social indicators.
Tax revenues continue bouncing back from the low levels reported in almost all countries during 2008 and 2009, at the height of the global economic crisis, according to new OECD data in the annual Revenue Statistics publication. This annual publication presents a unique set of detailed and internationally comparable tax revenue data in a common format for all OECD member countries from 1965 onwards.
OECD Secretary-General Angel Gurría welcomed today Hungary’s steps to strengthen international tax co-operation after it became the 61st signatory to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.
OECD Health Statistics 2013 - Country Notes
Education at a Glance 2013 - Country notes and key fact tables
These country notes present the recent changes in migration policies as well as a table showing the most recent statistics on migration flows and on the results of the immigrants in the labour market.
The workshop identified key challenges in the design and implementation of one-stop shops in Hungary and ways to address them.
Swift action is needed to stabilise the Hungarian economy and put growth on a sound footing for a durable recovery, according to the latest Economic Survey of Hungary. Strengthening the credibility and predictability of domestic policies and undertaking much-needed fiscal consolidation will be key.