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Hungary: Country and Foreign Investment

Economy and Currency

Hungary’s geographic position in Central Europe and access to EU markets makes it a strategic centre in the region.

Total GDP is US$140bn, and is expected to fall by an estimated 1.2% in 2012. GDP per capita at US$21,610 (2011 World Bank est.).

The current account balance is US$234m (2012 est.). Imports totalled US$101.375bn (2011.), and exports totalled USD111.217bn (2011.). Germany, Italy, Austria, Russia, and the United States are the main purchasers of Hungary's exports.

In 2012, the rate of inflation is around 6%, and the level of unemployment was 11%.

The Hungarian forint (HUF) has been convertible for all business transactions since 1996. Hungary plans to adopt the Euro by 2014.

 

 

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