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| | Country | Hungary |
| Currency | Hungarian Forint (HUF) |
| Year | Calendar Year |
| Organs | WTO, OECD, EU |
| Gdp | $190 billion (2010 est.) |
| Growth | 0.8% (2010 est.) |
| Per Capita | $19,000 (2010 est.) |
| Sectors | agriculture: 3.3%; industry: 30.8%; services: 65.9% (2010 est.) |
| Inflation | 4.2% (Nov 2010) |
| Poverty | 14% (2010 est.) |
| Gini | 28 (2005) |
| Edbr | 46th |
| Labor | 4.2 million (2009 est.) |
| Occupations | agriculture: 4.7%; industry: 30.9%; services: 64.4% (2010 est.) |
| Unemployment | 12.6% (January 2011 est.) |
| Average Gross Salary | 880 - / 1,188 $, monthly (2006) |
| Average Net Salary | 382 - / 516 $, monthly (2006) |
| Industries | mining, metallurgy, construction materials, processed foods, textiles, chemicals (especially pharmaceuticals), motor vehicles |
| Exports | $82.49 billion (2009 est.) |
| Export-goods | machinery and equipment 61.1%, other manufactures 28.7%, food products 6.5%, raw materials 2%, fuels and electricity 1.6% |
| Export-partners | Germany 25.4%, Italy 5.2%, Romania 5.1%, Austria 4.7%, Taiwan 4.5%, Slovakia 4.5%, France 4.5%, UK 4.4% (2008) |
| Imports | $75.93 billion (2009 est.) |
| Import-goods | machinery and equipment 51.6%, other manufactures 35.7%, fuels and electricity 7.7%, food products 3.1%, raw materials 2.0% |
| Import-partners | Germany 24.6%, Russia 8.7%, China 7.2%, Austria 6%, Taiwan 4.9%, Netherlands 4.4%, France 4.2%, Italy 4.1% (2008) |
| FDI | $238.5 billion (31 December 2009 est.) |
| Gross External Debt | $150.3 billion (31 December 2009 est.) |
| Debt | 79.6% of GDP (2010 est.) |
| Revenue | $54.8 billion (2009 est.) |
| Expenses | $59.86 billion (2009 est.) |
| Aid | recipient, $302 million in available EU structural adjustment and cohesion funds (2004), and $25 billion as an IMF-arranged financial assistance package |
| Credit | Standard & Poor's:
BBB- (Domestic)
BBB- (Foreign)
A- (T&C Assessment)
Outlook: Negative
Moody's:
Baa3
Outlook: Negative
Fitch:
BBB-
Outlook: Negative |
| Reserves | US$53.683 billion (April 2011) |
| Cianame | hu |
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The economy of Hungary is a medium-sized, structurally, politically and institutionally open economy in Central Europe and is part of the European Union's (EU) single market. Like most Eastern European economies, the economy of Hungary experienced market liberalisation in the early 1990s as part of the transition from socialist economy to market economy.
Hungary is a member of the Organisation for Economic Co-operation and Development (OECD) since 1995, a member of the World Trade Organization (WTO) since 1996, and a member of the European Union since 2004.
Declining exports, reduced domestic consumption and fixed asset accumulation hit Hungary hard during the Financial Crisis of 2008, making the country enter a severe recession of -6.4%, one of the worst economic contractions in its history. However, the country has recovered quite well from the recession, though high unemployment, sluggish growth and the external debt burden are continuing problems. A recent estimate done by the CIA has shown that Industrial Production Growth Rate is growing by 11%, among one of the highest in the world, and a signal that the economy is recovering.
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