NUTS-3 HU231 · Hungary
Population
351,1582025
GDP
€5,090M2024
Unemployment· NUTS-2 source
6.4%2025
Employment· NUTS-2 source
77.3%2025
Active firms· FR-only
—
Cadastral parcels· FR-only
—
Area
4,431.7 km²
TerraSight · Compare
2 regions side-by-side
HU231 · CZ041
Decision brief
Download brief (PDF)mandate-neutral · ranked by overall opportunity
Best overall fit: Karlovarský kraj (Opportunity 43). Runner-up: Baranya (31). Contrarian pick: Baranya — leads the set on Cost advantage (EU pctl 95).
Strengths
Cost advantage (80) · Air quality (72)
Red flags
Economic base (EU bottom 15%)
Demographic outlook (EU bottom 15%)
Talent & skills (EU bottom 15%)
#2Baranya
Strengths
Cost advantage (95) · Connectivity (63)
Red flags
Economic base (EU bottom 15%)
Talent & skills (EU bottom 15%)
Governance (EU bottom 15%)
Energy cost (EU bottom 15%)
Why you might not pick Karlovarský kraj
Economic base (EU bottom 15%); Demographic outlook (EU bottom 15%); Talent & skills (EU bottom 15%). Its weakest dimension is Talent & skills (EU pctl 11) — Baranya may suit a mandate that weights that higher.
How robust is this recommendation?
The leader depends on the mandate: Logistics → Karlovarský kraj · Manufacturing → Karlovarský kraj · Office → Baranya · Residential → Baranya.
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
31.4
43.4
Resilience Indexdiversification, stability, buffers
35.5
37.0
Quality of Lifeprosperity, health, safety, environment
20.5
38.7
Clean AirPM2.5 / PM10 / NO₂ inverted
—
72.0
Connectivitytransit + air + market access
63.3
65.7
Talent & Human Capitalskills, learning, knowledge workers
11.3
10.5
Growth Momentumrecent GDP / employment trajectory
57.0
52.0
Trajectories · 2012–latest
Real GDP (2020 prices)
1.9% 5y
1.3% 5y
Population
0.6% 5y
0.1% 5y
Unemployment rate
3.1% 5y
0.4% 5y
Derived comparisons
GDP per capita
€14,494
€18,355
Population density
79 /km²
89 /km²
Parcels per 1k pop
FR-only
FR-only
Firms per 1k pop
FR-only
FR-only
All indicators · 89 metrics (Eurostat, all-EU)
Economy
Gross value added, total (current prices)
€4,374M
€4,912M
GVA — agriculture, forestry & fishing (A)
€287M
€154M
GVA — industry (B–E)
€892M
€1,089M
GVA — manufacturing (C)
€739M
€859M
GVA — construction (F)
€264M
€251M
GVA — wholesale/retail, transport, ICT (G–J)
€734M
€1,215M
Net disposable household income per capita (NUTS-2 source) ·N2
€9,200
€13,900
GDP per capita in PPS (purchasing-power adjusted)
20,400 PPS
22,500 PPS
GDP per capita (current prices, EUR)
€14,400
€18,300
Gross fixed capital formation — investment (total economy) ·N2
€4,847M
€6,471M
Investment in manufacturing capex (GFCF, NACE C) ·N2
€583M
€1,776M
Compensation of employees (total wage bill) ·N2
€4,955M
€10,301M
GVA — real estate activities (L)
€530M
€601M
GVA — information & communication (J)
€139M
€139M
GVA — finance, real estate & professional (K–N)
€941M
€925M
GVA — public admin, health & education (O–U)
€1,256M
€1,279M
Real GDP (constant 2020 prices, incl. short-term forecast)
€3,729M
€3,894M
Labour productivity per person employed (EUR)
€40,064
€43,766
Gross fixed capital formation, NUTS-3 (ARDECO)
€1,970M
€1,711M
Labour market
Employment, total persons
134,280
131,450
Self-employed persons
13,840
12,820
Employment in manufacturing (C)
23,800
28,450
Activity rate, 15–64 (NUTS-2 source) ·N2
76.7%
76.7%
Youth unemployment rate (15–24) ·N2
19.4%
15.2%
Unemployment rate 15-74, NUTS-3 native (ARDECO)
6.4%
4.8%
Labour force aged 15+ (ARDECO)
173,200
143,400
Business demography
Active enterprises (business economy, all sizes)
30,961
26,733
Enterprise births
2,875
2,552
Enterprise deaths
787
2,201
3-year enterprise survival rate
5.8%
4.4%
Innovation & R&D
R&D expenditure as % of GDP ·N2
0.6%
0.3%
Employment in high-tech sectors (% of total) ·N2
3.2%
1.7%
R&D personnel (% of active population, FTE) ·N2
0.6%
0.3%
Education
Tertiary education attainment, age 25–64 ·N2
21.6%
16.0%
Tertiary attainment, age 25–34 (young talent pool) ·N2
22.0%
19.7%
Adult participation in learning, age 25–64 (last 4 weeks) ·N2
9.0%
9.2%
Knowledge workers — tertiary-educated & in science/tech (% of labour force) ·N2
15.9%
10.9%
Scientists & engineers (% of labour force) ·N2
4.6%
4.8%
Digital
Households with internet access ·N2
92.2%
95.1%
Tourism
Nights spent at tourist accommodation (total)
696,252
5,435,214
Mobility
Passenger cars per 1,000 inhabitants ·N2
453 /1k
593 /1k
Road freight loaded (annual, thousand tonnes)
5,721 kt
9,814 kt
Distinct public-transport stop locations within the region (GTFS feeds, deduplicated across overlapping feeds by coordinate). A measure of transit-network extent.
2,429
1,184
Motorway density (km per 1,000 km²) ·N2
24 km/1000km²
18 km/1000km²
Public-transport stops per 100,000 inhabitants — transit service density relative to population (GTFS feeds, coordinate-deduplicated).
692
404
Distance from the region centroid to the nearest major (large) airport, in km - air-connectivity accessibility. Lower is better.
10
9
Number of major (large) airports within 100 km of the region centroid - air-hub catchment richness.
1
1
Demography
Population aged 15–64 (working age)
224,707
188,324
Population aged 65+
80,655
63,248
Population aged under 15
45,796
41,623
Median age of population
46.2 yrs
45.7 yrs
Old-age dependency ratio (65+ / 15–64)
35.9%
33.6%
Crude rate of total population change
-6.2 /1k
-6.4 /1k
Crude rate of net migration plus adjustment
0.8 /1k
-1.0 /1k
Crude birth rate
7.4 /1k
6.2 /1k
Crude death rate
14.4 /1k
11.6 /1k
Live births
2,618
1,814
Deaths
5,057
3,401
Total age-dependency ratio (young+old / 15-64)
56.3%
55.7%
Total fertility rate (births per woman)
1.29
1.14
Population density (persons per km²)
80 /km²
91 /km²
Projected population, 2030–2040 (EUROPOP2019 baseline)
337,270
198,432
Social
At risk of poverty or social exclusion (AROPE) ·N2
25.4%
13.5%
Life expectancy at birth ·N2
76.8 yrs
78.3 yrs
At-risk-of-poverty rate (regional) ·N2
18.0%
11.3%
Health
Hospital beds per 100k inhabitants ·N2
677 /100k
622 /100k
Mortality, all causes (age-standardised rate) ·N2
1,709 /100k
1,692 /100k
Cancer mortality (age-standardised rate) ·N2
326 /100k
286 /100k
Safety & crime
Intentional homicides per 100k inhabitants
1.7 /100k
0.3 /100k
Robberies per 100k inhabitants
8.5 /100k
18.6 /100k
Burglaries per 100k inhabitants
—
337 /100k
Thefts per 100k inhabitants
420 /100k
292 /100k
Road traffic deaths per million inhabitants ·N2
67 /M
47 /M
Governance & institutions
Government effectiveness, WGI score -2.5..2.5 (country)
0.66
1.20
Regulatory quality, WGI score -2.5..2.5 (country)
0.29
1.33
Rule of law, WGI score -2.5..2.5 (country)
0.24
1.14
Control of corruption, WGI score -2.5..2.5 (country)
0.04
0.80
Political stability & absence of violence, WGI score (country)
0.67
1.00
Energy
Industrial electricity price, 2-20 GWh band, excl. taxes (national)
€0.171/kWh
€0.146/kWh
Industrial gas price, 10-100k GJ band, excl. taxes (national)
€0.048/kWh
€0.055/kWh
Climate
Elevation at region centroid (Copernicus DEM)
175 m
674 m
Hot days ≥30°C (avg per year)
19 days/yr
3 days/yr
Frost days ≤0°C (avg per year)
62 days/yr
114 days/yr
Heavy-precipitation days ≥20mm (avg per year)
4 days/yr
2 days/yr