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Hungary-2012 FDI inflow,outflow break records
2013/5/28 8:35:46 Source:Xinhua News

BUDAPEST, May 27 (Xinhua) -- According to Hungary's National Economy Ministry, Foreign Direct Investment (FDI) inflow and outflow reached record highs in Hungary last year, local wire service MTI reported on Monday.

FDI inflow amounted to 10.462 billion euros (13.55 billion U.S. dollars), 6.7 billion more than in 2011 for an all-time high. At the same time FDI outflow came to 8.210 billion euros, 5 billion more than the previous year.

According to National Bank of Hungary (MNB) statistics, stock purchases, investments and re-invested profits accounted for 4.7 billion of the inflow while other types capital made up 5.76 billion. The FDI inflow amounted to 2,251 billion euros more than the outflow.

As of the end of 2012, overall FDI inflow amounted to 78.5 billion euros, the highest in central Europe when calculated as proportion of GDP and the second highest when projected to the per capita population. Specifically, the inflow amounted to 80.3 percent of GDP and to 7,929 euros per person living in Hungary.

The European Union countries invested 78.6 percent of the overall amount and the largest single investor was Germany with 26.4 percent. The largest amount of the FDI inflow went into the service sector and competitive manufacturing such as vehicle production, and the manufacture of computers, electronics and optical products.

Overall FDI outflow from Hungary amounted to 26.3 billion euros, invested primarily in the service sector and petroleum processing. Fully 32.1 percent was invested in Central and Eastern Europe. (1 euro = 1.295 U.S. dollars)

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