City Profile - Budapest; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail
City Profile - Budapest; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retailSummary
“City Profile - Budapest” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Budapest.
The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.
In 2024, the Budapest metropolitan area contributed 48.8% of Hungary's GDP and grew 2.5% in real terms. The economy saw moderate growth in agriculture and construction, strong service sector performance despite real estate challenges, and a decline in manufacturing. High inflation in services increased household spending, but overall consumption remained low due to high savings. This imbalance resulted in marginal domestic demand growth, decreased exports, and a drop in imports due to high inventories.
Scope
- The service sector remains the key contributor to the region’s economy and the major employer.
- In 2024, Budapest's tourism sector thrived, with a significant rise in international visitors and domestic guest nights, fueled by increased intra-continental travel and a rebound from Asia-Pacific and US markets.
Reasons to Buy
- Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
- Analyze and understand the business environment in the city to align your investment and expansion strategies.
- The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
- Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.
MarketLine, a world-leading provider of commercial intelligence, has over 400 experienced analysts, consultants, and researchers with regional and sector expertise in market sizing, competitor tracking, socio and macro economics, and business drivers.
For more than 15 years MarketLine has supported the research needs of investment banks, corporations, professional services firms, and academia with a unique mix of company, industry, country, city and financial data for every major industry and marketplace.
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‒ Country and City Profiles
‒ PEST/PESTLE Analysis
‒ Socio and macro-economic indicators
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