Key Facts

GDP (ppp) per CAPITA

$19,800 (2008 est.)

Inflation Rate

6.1% (2008 est.)

Population

9,905,596 (July 2009 est.)

Country Risk Ratings

A4

Ease of Doing Business

41/181

Global Competitiveness

4.22/134

Country Map

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gE Network

There are 9 members in the
gE Network for this country.

Hungary : Introduction

Hungary became a Christian kingdom in A.D. 1000 and for many centuries served as a bulwark against Ottoman Turkish expansion in Europe. The kingdom eventually became part of the polyglot Austro-Hungarian Empire, which collapsed during World War I. The country fell under Communist rule following World War II. In 1956, a revolt and an announced withdrawal from the Warsaw Pact were met with a massive military intervention by Moscow. Under the leadership of Janos KADAR in 1968, Hungary began liberalizing its economy, introducing so-called "Goulash Communism." Hungary held its first multiparty elections in 1990 and initiated a free market economy. It joined NATO in 1999 and the EU in 2004.

Hungary: Budapest Stock Exchange

Hungary: Investment and Trade Development Agency (ITDH)

The Hungary Investment and Trade Development Agency promotes international economic relations and business endeavors having direct impact on the development of the Hungarian economy. Information is broken into Investment in Hungary, Priority Sectors, and Trade with Hungary. The site is available in English, Hungarian, and Italian.

Hungary: Magyar Nemzeti Bank

Magyar Nemzeti Bank, the national bank of Hungary, defines and implements monetary policy in the interests of maintaining the stability of the national currency. Established in 1921, it manages official reserves. Information available in Hungarian and English.

Sources:
CIA World Factbook (September 2009)
U.S. Dept. of State Country Background Notes (June 2009)