Hungary - Ease of doing business

New business density (new registrations per 1,000 people ages 15-64)

New business density (new registrations per 1,000 people ages 15-64) in Hungary was 4.01 as of 2020. Its highest value over the past 14 years was 7.60 in 2011, while its lowest value was 3.14 in 2015.

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).

See also:

Year Value
2006 3.18
2007 3.95
2008 6.30
2009 6.08
2010 6.41
2011 7.60
2012 4.73
2013 4.15
2014 3.63
2015 3.14
2016 3.36
2017 3.47
2018 3.73
2019 3.94
2020 4.01

Time to obtain an electrical connection (days)

Definition: The average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2002 9.80
2005 9.80
2009 48.00
2013 30.80
2019 144.20

Power outages in firms in a typical month (number)

Definition: Power outages are the average number of power outages that establishments experience in a typical month.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2009 0.500
2013 0.300
2019 0.600

Firms experiencing electrical outages (% of firms)

Definition: Percent of firms experiencing electrical outages during the previous fiscal year.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2009 16.60
2013 19.20
2019 37.60

Time required to get electricity (days)

The value for Time required to get electricity (days) in Hungary was 257.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 257.00 in 2019 and a minimum value of 252.00 in 2009.

Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2009 252.00
2010 252.00
2011 252.00
2012 252.00
2013 252.00
2014 252.00
2015 252.00
2016 257.00
2017 257.00
2018 257.00
2019 257.00

Firms that do not report all sales for tax purposes (% of firms)

Definition: Firms that do not report all sales for tax purposes are the percentage of firms that expressed that a typical firm reports less than 100 percent of sales for tax purposes; such firms are termed "informal firms."

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2002 40.97
2005 40.37

Firms visited or required meetings with tax officials (% of firms)

Definition: Percent of firms that were visited or required to meet with tax officials.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2009 49.80
2013 57.40
2019 34.50

Firms that spend on R&D (% of firms)

Definition: Percent of firms that spend on research and development.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2013 6.90
2019 7.30

Firms experiencing losses due to theft and vandalism (% of firms)

Definition: Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2009 17.80
2013 9.40
2019 9.90

Firms expected to give gifts in meetings with tax officials (% of firms)

Definition: Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question "was a gift or informal payment expected or requested during a meeting with tax officials?"

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2002 29.10
2005 24.20
2009 0.70
2013 0.00
2019 2.50

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Hungary was 26.40 as of 2019. Its highest value over the past 14 years was 40.20 in 2005, while its lowest value was 26.40 in 2019.

Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 40.20
2006 40.10
2007 39.40
2008 39.40
2009 39.40
2010 37.10
2011 34.70
2012 34.90
2013 34.30
2014 34.30
2015 34.30
2016 34.30
2017 34.30
2018 29.00
2019 26.40

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Hungary was 2.10 as of 2019. Its highest value over the past 14 years was 7.70 in 2009, while its lowest value was 1.70 in 2014.

Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 7.40
2006 7.60
2007 7.70
2008 7.70
2009 7.70
2010 1.80
2011 3.20
2012 3.30
2013 3.20
2014 1.70
2015 2.10
2016 2.10
2017 2.10
2018 2.10
2019 2.10

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Hungary was 9.40 as of 2019. Its highest value over the past 14 years was 15.60 in 2010, while its lowest value was 5.20 in 2006.

Definition: Profit tax is the amount of taxes on profits paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 5.90
2006 5.20
2007 8.10
2008 9.30
2009 9.30
2010 15.60
2011 14.00
2012 11.50
2013 11.70
2014 11.80
2015 11.80
2016 9.90
2017 9.90
2018 9.10
2019 9.40

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment