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Canada-Hungary fact sheet

Official Title:
Hungary

General Information

Capital: Budapest
Population (million): 9.73
Total Area: 93,030km2
Currency: 1 CAN$ = 219.97 Forint (HUF) (2021- Annual average)
National Holiday: August 20, Saint Stephen’s Day (Founder of the Hungarian State)
Language(s): Hungarian

Political Information

Type of State:
Republic

Type of Government:
Parliamentary democracy. Unicameral National Assembly (Országgyulés) with 199 seats; President is elected by the National Assembly. Prime Minister (leader of the majority party or the majority coalition) proposed by the President and approved by the National Assembly. Ministers are appointed by the President on the recommendation of the Prime Minister. Administrative divisions: 19 counties and 1 capital city.

Head of State:
President Katalin Novák

Head of Government:
Prime minister Viktor Orbán (FIDESZ)

Ministers:
Foreign Affairs and Trade: Péter Szijjártó (FIDESZ)
Economy: Mihály Varga (FIDESZ)
Defence: Tibor Benko

Main Political Parties:
Fidesz-Hungarian Civic Union (FIDESZ), Christian-Democratic People’s Party (KDNP), Jobbik (Jobbik), Hungarian Socialist Party (MSZP), Democratic Coalition (DK), Politics Can Be Different (LMP), Dialogue for Hungary (PÁRBESZÉD) National Assembly: FIDESZ-KDNP (133), Jobbik (17), MSZP (15), DK (9), LMP (6), PÁRBESZÉD (5). Governing coalition: majority government composed of Fidesz-Hungarian Civic Union (FIDESZ ) and Christian-Democratic People’s Party (KDNP).

Elections:
President (5 year term): next in 2027. Members of parliament (4 year term): next on April 3, 2022.

Economic Information (2021)

Comparative figures
Type Hungary Canada
GDP: ($ billion) 233.72 2,520.82
GDP per capita: ($) 24,018.92 65,944.96
GDP growth rate: (%) 7.12 4.56
Inflation: (%) 5.12 3.4
Unemployment: (%) 4.07 7.43

Source: IMF (estimates)

Product Trade and Investment (2021)

Canadian exports to country: $106,781,814
Canadian imports from country: $837,577,731
FDI in Canada: $826 million
CDI in the country: $10,846 million

Source: Statistics Canada

Representation

Foreign Representation in Canada:
Ambassador Mária Éva Vass-Salazar

Canadian Representation Abroad:
Ambassador Caroline Charette

Please note that all statistics reflect Canadian dollars, with some figures reflecting the yearly averages for the year. If listed as ’0’ or absent, the figure is unavailable.

Bilateral Product trade
Canada - Hungary
Year Exports Imports
2017 $73,381,356 $752,399,443
2018 $93,248,670 $778,110,504
2019 $90,996,508 $921,913,549
2020 $63,418,419 $847,432,703
2021 $106,781,814 $837,577,731
21 HS Sections (2021)
Canada - Hungary
Section Exports Imports
01 Animal & Prod. $2,789,541 $18,699,516
02 Veg. Prod. $4,738,861 $1,329,781
03 Fats, Oils & Waxes Prod. $ $38,186
04 Food Prod. $3,444,533 $40,528,546
05 Mineral Prod. $7,485,283 $4,520
06 Chemical Prod. $10,302,377 $91,366,505
07 Plastics, Rubber Prod. $2,147,676 $41,237,739
08 Leather, Fur Prod. $41,011 $951,819
09 Wood Prod. $209,796 $1,183,003
10 Paper Prod. $2,274,677 $2,926,155
11 Textiles Prod. $1,078,825 $30,667,501
12 Dress Access. $94,475 $5,336,561
13 Glass & Stone Prod. $47,859 $8,771,338
14 Precious Metals/stones $428 $8,350
15 Base Metal Prod. $12,942,241 $14,496,631
16 Mach. Mech. Elec. Prod. $35,275,389 $280,979,317
17 Vehicles and Equip. $12,479,739 $240,247,320
18 Specialized Inst. $7,796,630 $33,493,577
19 Arms & Ammunition $112,859 $530,801
20 Misc. Articles $1,412,637 $24,377,389
21 Antiques $36,236 $176,514


May 2022
Sources include: Statistics Canada, IMF

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