Not much is spoken about Hungary's Economy.  We set out to provide an economic snapshot of this economy and the key figures on this economy.

Hungary's Economic Structure

• Transitioned from Planned to Market Economy
• Remarkable turnaround of budget deficit
• 4% of GDP in 2008 from near 10% in 2006
• Low budget, low growth
• GDP: $138.2 billion
• Real GDP growth rate: 1.3% (2007), 2.3% 2008, 3.4% 2009
• Unemployment: 7.1%
• Inflation: 5.5% (2007 CPI est.)
• Current Account Balance: -7.1% of GDP
• Labor force participation: 57%
• Private sector 80% of GDP, FDI $60 billion since 1989

Hungary's Demographics

• Median Age
• male: 36.8 years
• female: 41.8 years
• Sex Ratio
• under 15 years: 1.06 male(s)/female
• 15-64 years: 0.97 male(s)/female
• 65 years and over: 0.57 male(s)/female
• Income per Capita: $19,500
• 4.4 million Internet users in a population of 10 million
• Only recent emergence of middle class

Hungary By Sector:

• Industrial Growth
• Mining 28.2%
• Manufacturing 13.8%
• From 1989-2000, 1/3 FDI into East Eur. went to Hungary
• Investment concentrated around Budapest
• Special initiatives for doing business in eastern Hungary
• Agriculture
• Land 1/10 price of Western Europe
• Speculating issue as EU ascension imminent
• Financial Services
• Foreign companies do not need government approval
• May conduct cross-border financial services
• Hungary issues investment-grade sovereign debt

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