Makrognosis

Hungary Credit Rating & Sovereign Risk Score

Model scoreCode CREDIT:HU

Model score59 / 1009 Nov 2026
Grade equivalentBBBmodel-implied
BandInvestment grade0–100 scale, 100 = strongest
Rank47th of 84economies scored

Makrognosis sovereign credit model scores Hungary at 59 out of 100 as of 9 November 2026, equivalent to BBB on the familiar letter scale — investment grade.

The score is unchanged from the previous assessment on 1 October 2026.

That places Hungary 47th of the 84 economies the model scores; Russia has the highest score at 100.

Key inputs include government debt of 75.6% of GDP, a fiscal balance of −4.7% of GDP, a current account balance of 2.3% of GDP.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Hungary sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 20265658606264Robomacro
Hungary sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026. Source: Makrognosis sovereign credit model.

Score history

Assessment dateScoreGrade equivalent
9 November 202659.4BBB
1 October 202659.4BBB
31 July 202659.4BBB
30 July 202657.1BBB-
26 July 202657.2BBB-
21 June 202661.7BBB
18 June 202663.8BBB+
Get the Hungary sovereign risk score in your code

Score, grade equivalent and inputs for 84 economies. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/credit/HU"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/credit/HU",
                 headers={"X-API-Key": KEY})
score = r.json()["headline"]["score_0_100"]
Get a free API key → · API docs

What drives the score

The model's published inputs for Hungary, from official national and international statistics.

InputValueVintage
GDP per capitaUS$27,6352026
Real GDP growth, 5-year average2.4%2026
Inflation, recent average2.5%2026
Government debt75.6% of GDP2026
Fiscal balance−4.7% of GDP2026
Current account balance2.3% of GDP2026
Foreign-exchange reserves3.5 months of imports2026
Net international investment position−35.4% of GDP2026
Governance (World Bank WGI composite)0.2462026

How Hungary compares

#EconomyAs ofScore
1Russia9 Nov 2026100
2Turkey9 Nov 2026100
3Denmark9 Nov 202698
4Switzerland9 Nov 202696
5Netherlands9 Nov 202695
42Grenada9 Nov 202663
43Greece9 Nov 202663
44Indonesia9 Nov 202661
45Kuwait9 Nov 202660
46Romania9 Nov 202660
47Hungary9 Nov 202659
48Ghana9 Nov 202659
49Argentina9 Nov 202658
50Panama9 Nov 202658
51Trinidad and Tobago9 Nov 202657
52Bulgaria9 Nov 202657
53Jordan9 Nov 202657

All 84 economies ranked →

Hungary economic indicators

Hungary GDP (Gross Domestic Product)Hungary Gross domestic product, Current prices, million EURHungary Inflation Rate (CPI)Hungary Core Inflation RateHungary Unemployment RateHungary 10-Year Government Bond YieldHungary Industrial ProductionHungary Retail SalesHungary Producer Price Inflation (PPI)Hungary Current account balance (BPM6, vs rest of world), not seasonally adjustedHungary Current account balance, % of GDPHungary Trade Balance: Goods & ServicesHungary Exports of goods and services, Current prices, million EURHungary Exports of goods and services, chain-linked volumeHungary Exports of goods, total trade (World), seasonally adjustedHungary Imports of goods and services, Current prices, million EUR

FAQ

What is Hungary's credit rating?
Makrognosis sovereign credit model scores Hungary at 59/100 as of 9 November 2026, equivalent to BBB (investment grade). This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.
How is the sovereign risk score calculated?
A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.
Where can I get the data?
Through the Makrognosis API: GET /v1/credit/HU returns the score history and inputs; /v1/credit/universe lists every economy.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Last assessed 2026-11-09. Source: Makrognosis sovereign credit model.