Outsourcing rates by profession ($/hour)
Indicative blended rates for senior-level specialists.
| Profession | Min | Max | Avg |
|---|---|---|---|
| Business Analyst | 99 | 122 | 120 |
| Project Manager | 92 | 118 | 110 |
| Scrum Master | 106 | 112 | 106 |
| Graphic Designer | 92 | 107 | 106 |
| DevOps | 108 | 119 | 115 |
| Lead Developer | 118 | 124 | 127 |
| Junior Developer | 61 | 80 | 67 |
| Intermediate Developer | 82 | 98 | 86 |
| Senior Developer | 118 | 115 | 115 |
| Junior QA (Manual) | 45 | 66 | 55 |
| Intermediate QA (Manual) | 71 | 89 | 71 |
| Senior QA (Manual) | 82 | 92 | 78 |
| Junior QA (Automated) | 56 | 77 | 63 |
| Intermediate QA (Automated) | 75 | 95 | 76 |
| Senior QA (Automated) | 94 | 112 | 99 |
General information
Currency
HUF
GDP growth%
7.1
Population
9.71 million (2021)
Time zone
GMT+1
Region
Central Europe
Scorecard
160 country assessments, drawn up on the basis of macroeconomic, financial and political data, are made freely available.
Regularly updated, they provide an estimate of the average credit risk on a country’s businesses. This is an invaluable tool, giving an indication of a country’s potential influence on businesses’ financial commitments.
Our analyses use a eight-level ranking. In ascending order of risk, these are
Source linkcoface.com/Economic-Studies-and-Country-RisksOverall readiness
Software outsourcing readiness
Technology capabilities
Chatbots
Hololens Integrations
Mobile App Development
Key industries
Economic overview
Political Stability
0.90The likelihood of political instability and/or politically motivated violence, including terrorism, is rated on a scale of approximately -2.5 to 2.5, where the score of -2.5 represents the highest perceived risk, and the score of 2.5 represents the lowest perceived risk.
Democracy status
6.5A global ranking based on political factors such as elections, government, participation, culture, and civil liberties.
Business climate
GoodA comprehensive evaluation of the business environment, including access to and accuracy of corporate financial information and the strength of creditor protection through fair and effective resolution of unpaid debts through the local legal system.
Risk assessment
HighAn assessment of the average risk of non-payment for companies, determined by economic, financial, and political factors.
Figures are indicative and compiled from public indices. See our disclosure for methodology and sources.
Overview
Hungary is a landlocked country located in central Europe, known for its rich history, vibrant culture, and beautiful scenery. It is a parliamentary democratic republic consisting of 19 counties, with Budapest as its capital city.
The country has a highly diversified economy, the sixth-largest in the European Union. It is a market-based economy, with a strong emphasis on exports, particularly in the automotive, machinery, and electronics sectors. The country has a well-educated workforce, with a high level of technical expertise and innovation.
The IT sector is a major contributor to the economy of Hungary. It includes a range of industries such as software development, hardware manufacturing, internet and telecommunications, and e-commerce. Hungary has a vibrant start-up culture, with many innovative companies emerging in recent years. The government has made significant investments in the development of the IT sector, including initiatives to promote innovation and entrepreneurship, and to improve the country's digital infrastructure. Hungary is also home to several internationally renowned research institutions, making it an attractive location for technology companies seeking to tap into cutting-edge research and development.
Considering Hungary for your next team?
Talk to us about building a dedicated engineering, data, or marketing team.