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HU222 · LV00C

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NUTS-3 HU222 · Hungary
Population
245,5982025
GDP
€4,241M2024
Unemployment· NUTS-2 source
3.1%2025
Employment· NUTS-2 source
82.2%2025
Active firms· FR-only
Cadastral parcels· FR-only
Area
3,339.8 km²
NUTS-3 LV00C · Latvia
Population
274,0192025
GDP
€3,542M2023
Unemployment· NUTS-2 source
6.9%2025
Employment· NUTS-2 source
78.2%2025
Active firms· FR-only
Cadastral parcels· FR-only
Area
19,805 km²

Decision brief

Download brief (PDF)mandate-neutral · ranked by overall opportunity

Best overall fit: Vas (Opportunity 36). Runner-up: Vidzeme (29). Contrarian pick: Vidzeme — leads the set on Freight intensity (EU pctl 89).

#1Vas
Strengths
Cost advantage (92) · Industrial base (92)
Red flags
Governance (EU bottom 15%)
Energy cost (EU bottom 15%)
Strengths
Freight intensity (89) · Cost advantage (84)
Red flags
Economic base (EU bottom 15%)
Why you might not pick Vas
Governance (EU bottom 15%); Energy cost (EU bottom 15%). Its weakest dimension is Energy cost (EU pctl 2) — Vidzeme may suit a mandate that weights that higher.
How robust is this recommendation?
The leader depends on the mandate: LogisticsVidzeme · ManufacturingVidzeme · OfficeVidzeme · ResidentialVas.
Phase-2 diligence checklist
  • Site-level grid connection capacity and power pricing (beyond country-grain energy data)
  • Local incentives, tax regimes and permitting timelines
  • Workforce depth for your specific roles (the talent pillar is a proxy)
  • Real-estate availability, rents and land — public pan-EU data stops at the Nordics

This is a mandate-neutral read. To weight the pillars to your thesis, run these regions through the Site Screener — it ranks all 1,211 regions under your weights and exports the full PDF. First-pass macro screening, not investment advice.

Composite intelligence · 0–100 EU-percentile scores

Opportunity Indexscale + growth + access + structure
35.9
28.6
Resilience Indexdiversification, stability, buffers
33.5
35.3
Quality of Lifeprosperity, health, safety, environment
37.5
32.8
Connectivitytransit + air + market access
41.3
35.0
Talent & Human Capitalskills, learning, knowledge workers
15.3
56.8
Growth Momentumrecent GDP / employment trajectory
43.2
56.6

Trajectories · 2012–latest

Real GDP (2020 prices)
1.9% 5y
Population
0.3% 5y
0.5% 5y
Unemployment rate
8.4% 5y

Derived comparisons

GDP per capita
€17,269
€12,926
Population density
74 /km²
14 /km²
Parcels per 1k pop
FR-only
FR-only
Firms per 1k pop
FR-only
FR-only

All indicators · 87 metrics (Eurostat, all-EU)

Economy
Gross value added, total (current prices)
€3,644M
€3,114M
GVA — agriculture, forestry & fishing (A)
€169M
€374M
GVA — industry (B–E)
€1,238M
€725M
GVA — manufacturing (C)
€1,193M
€506M
GVA — construction (F)
€244M
€202M
GVA — wholesale/retail, transport, ICT (G–J)
€544M
€582M
Net disposable household income per capita (NUTS-2 source) ·N2
€10,600
€12,000
GDP per capita in PPS (purchasing-power adjusted)
24,300 PPS
16,200 PPS
GDP per capita (current prices, EUR)
€17,200
€12,800
Gross fixed capital formation — investment (total economy) ·N2
€4,295M
€9,718M
Investment in manufacturing capex (GFCF, NACE C) ·N2
€1,556M
€1,006M
Compensation of employees (total wage bill) ·N2
€7,392M
€21,296M
GVA — real estate activities (L)
€419M
€305M
GVA — information & communication (J)
€74M
€37M
GVA — finance, real estate & professional (K–N)
€689M
€462M
GVA — public admin, health & education (O–U)
€760M
€770M
Real GDP (constant 2020 prices, incl. short-term forecast)
€3,324M
Labour productivity per person employed (EUR)
€41,672
Gross fixed capital formation, NUTS-3 (ARDECO)
€955M
Labour market
Employment, total persons
107,580
106,320
Self-employed persons
11,120
15,180
Employment in manufacturing (C)
34,250
18,010
Activity rate, 15–64 (NUTS-2 source) ·N2
78.8%
77.6%
Youth unemployment rate (15–24) ·N2
11.6%
14.8%
Unemployment rate 15-74, NUTS-3 native (ARDECO)
3.0%
Labour force aged 15+ (ARDECO)
124,700
Business demography
Active enterprises (business economy, all sizes)
20,816
17,069
Enterprise births
1,841
2,167
Enterprise deaths
458
1,016
3-year enterprise survival rate
5.3%
5.2%
Innovation & R&D
R&D expenditure as % of GDP ·N2
1.1%
0.9%
Employment in high-tech sectors (% of total) ·N2
4.3%
5.3%
R&D personnel (% of active population, FTE) ·N2
0.6%
0.8%
Education
Tertiary education attainment, age 25–64 ·N2
26.0%
40.7%
Tertiary attainment, age 25–34 (young talent pool) ·N2
21.0%
44.7%
Adult participation in learning, age 25–64 (last 4 weeks) ·N2
7.3%
11.4%
Knowledge workers — tertiary-educated & in science/tech (% of labour force) ·N2
18.8%
24.8%
Scientists & engineers (% of labour force) ·N2
6.3%
8.0%
Digital
Households with internet access ·N2
94.4%
94.1%
Tourism
Nights spent at tourist accommodation (total)
1,577,795
401,197
Mobility
Passenger cars per 1,000 inhabitants ·N2
502 /1k
424 /1k
Distinct public-transport stop locations within the region (GTFS feeds, deduplicated across overlapping feeds by coordinate). A measure of transit-network extent.
1,604
3,155
Road freight loaded (annual, thousand tonnes)
3,372 kt
14,433 kt
Motorway density (km per 1,000 km²) ·N2
21 km/1000km²
Public-transport stops per 100,000 inhabitants — transit service density relative to population (GTFS feeds, coordinate-deduplicated).
653
1,151
Distance from the region centroid to the nearest major (large) airport, in km - air-connectivity accessibility. Lower is better.
107
146
Number of major (large) airports within 100 km of the region centroid - air-hub catchment richness.
0
0
Demography
Population aged 15–64 (working age)
158,462
171,332
Population aged 65+
54,190
61,149
Population aged under 15
32,946
41,538
Median age of population
46.4 yrs
45.2 yrs
Old-age dependency ratio (65+ / 15–64)
34.2%
35.7%
Crude rate of total population change
-10.5 /1k
-10.7 /1k
Crude rate of net migration plus adjustment
-4.6 /1k
-2.9 /1k
Crude birth rate
7.3 /1k
7.1 /1k
Crude death rate
13.3 /1k
14.8 /1k
Live births
1,814
1,951
Deaths
3,277
4,081
Total age-dependency ratio (young+old / 15-64)
55.0%
59.9%
Total fertility rate (births per woman)
1.33
1.37
Population density (persons per km²)
74 /km²
14 /km²
Projected population, 2030–2040 (EUROPOP2019 baseline)
239,038
Social
At risk of poverty or social exclusion (AROPE) ·N2
12.0%
24.7%
Life expectancy at birth ·N2
77.5 yrs
76.4 yrs
At-risk-of-poverty rate (regional) ·N2
8.9%
22.0%
Health
Hospital beds per 100k inhabitants ·N2
670 /100k
Mortality, all causes (age-standardised rate) ·N2
1,594 /100k
1,728 /100k
Cancer mortality (age-standardised rate) ·N2
312 /100k
278 /100k
Safety & crime
Intentional homicides per 100k inhabitants
1.2 /100k
1.8 /100k
Robberies per 100k inhabitants
2.4 /100k
3.3 /100k
Burglaries per 100k inhabitants
89.2 /100k
Thefts per 100k inhabitants
382 /100k
460 /100k
Road traffic deaths per million inhabitants ·N2
60 /M
60 /M
Governance & institutions
Government effectiveness, WGI score -2.5..2.5 (country)
0.66
Regulatory quality, WGI score -2.5..2.5 (country)
0.29
Rule of law, WGI score -2.5..2.5 (country)
0.24
Control of corruption, WGI score -2.5..2.5 (country)
0.04
Political stability & absence of violence, WGI score (country)
0.67
Energy
Industrial electricity price, 2-20 GWh band, excl. taxes (national)
€0.171/kWh
€0.114/kWh
Industrial gas price, 10-100k GJ band, excl. taxes (national)
€0.048/kWh
€0.050/kWh
Climate
Elevation at region centroid (Copernicus DEM)
169 m
119 m
Hot days ≥30°C (avg per year)
17 days/yr
1 days/yr
Frost days ≤0°C (avg per year)
67 days/yr
127 days/yr
Heavy-precipitation days ≥20mm (avg per year)
5 days/yr
3 days/yr