Hungary Stats
Hungary Profile - Hungary became a Christian kingdom in A.D. 1000 and for many centuries served as a bulwark against Ottoman Turkish expansion in Europe. The country fell under communist rule following World War II. Hungary held its first multiparty elections in 1990 and initiated a free market economy. It joined NATO in 1999 and the EU five years later.
Source: CIA Fact Book |
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slightly smaller than Virginia; about the same size as Indiana
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Hungarian Economic Overview - high-income EU and OECD economy; decreasing government spending; increasing judicial independence concerns; flat income taxation; increasingly dependent on energy imports; strong tourism and automotive manufacturing GDP (Purchasing Power Parity) $302.3 billion (2020 est.) GDP per capita (Purchasing Power Parity) $31,000.
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Strengths
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WEAKNESSES
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Characteristic |
Fact |
Terrain |
mostly flat to rolling plains; hills and low mountains on the Slovakian border |
Geographic Description |
andlocked; strategic location astride main land routes between Western Europe and Balkan Peninsula as well as between Ukraine and Mediterranean basin; the north-south flowing Duna (Danube) and Tisza Rivers divide the country into three large regions |
Percentage of English Spoken |
16% |
Population |
9,728,337 (July 2021 est.) |
Main Industries |
mining, metallurgy, construction materials, processed foods, textiles, chemicals (especially pharmaceuticals), motor vehicles |
GDP Growth |
4.58% (2019 est.) |
Government |
parliamentary republic |
Relevant History/Event |
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Urbanization |
71.9% of total population (2020) |
Internet Connectivity |
76.07% (July 2018 est.) |
Moody's Credit Rating |
Moody's rating: Baa3 (2016) |
Threat of Terrorism |
Low |
Travel Advisory |
Value |
VAT Tax |
27% |
Corruption Index Score |
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A3 |
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Value |
Value |
