Economy of Hungary
Economy of Hungary
Currency
Hungarian Forint (HUF)
Fiscal year
Calendar Year
Trade
organisations
WTO, OECD, EU
Statistics
GDP
$194 bn
GDP growth
1.4% (2007)
GDP per capita $19,799 (2008 IMF est.)
GDP by sector
agriculture (3%), industry
(32%), services (64%)
Inflation (CPI)
3.0% (February 2009)[1]
Unemployment 8.4% (January 2009)[2]
Main
industries
mining, metallurgy,
construction materials,
processed foods, textiles,
chemicals (especially
pharmaceuticals), motor
vehicles
External
Exports
$86 bn f.o.b. (2007 est.)
Export goods
machinery and equipment
61%, other manufactures
29%, food products 7%, raw
materials 2%, fuels and
electricity 2%
Imports
$86 bn f.o.b (2007 est.)
Import goods
machinery and equipment
52%, other manufactures
36%, fuels and electricity
8%, food products 3%, raw
materials 2% (2003)
Main import
partners
Germany 27%, Russia 8%,
China 7%, Austria 6%,
France 5%, Italy 5%,
Netherlands 4%, Poland 4%
(2006)
Gross External
Debt
$143 billion (June 2007)
Public finances
Public Debt
70% of GDP
Revenues
$62 bn
Expenses
$70 bn
Economic aid
recipient, $302 million in
available EU structural
adjustment and cohesion
funds (2004)
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US
dollars
Hungarian National Bank
Planned general government net lending
2005-2010.
From Wikipedia, the free encyclopedia
Economy of Hungary
1
The Hungarian economy is a medium-sized,
structurally, politically, and institutionally
open economy in Central Europe and is part
of the EU single market. Like most Eastern
European economies, it experienced market
liberalisation in the early 1990s as part of a
transition away from communism. Today,
Hungary is a full member of OECD and the
World Trade Organization. OECD was the
first
international organization to accept
Hungary as a full member in 1996, after six
years of successful cooperation.
History of the Hungarian
Economy
Hungarian economy prior to the
transition
The Hungarian to World War II was primarily
oriented toward agriculture an