Hungary FlagHungary

Kingdom Of Mary The Patroness Of Hungary.

 

General


Population: 9,919,128 (2014), 9,939,470 (2013)
Land Area: 93,030 sq km
Natural Resources: Bauxite, coal, natural gas, fertile soils, arable land
Capital: Budapest
Political System: Parliamentary Democracy
State Leader: Janos Ader (May 10th 2012)
Head of Government: Viktor Orban (May 29th 2010)
Languages: Hungarian
Currency: Forint (HUF)
Major Religions: Roman Catholic 51.9%, Calvinist 15.9%, Lutheran 3%, Greek Catholic 2.6%, Other Christian 1%, Other or Unspecified 11.1%, Unaffiliated 14.5%
Major Ethnicities: Hungarian 92.3%, Roma 1.9%, Other or Unknown 5.8%
Life Expectancy: 75.46 years (2014), 75.24 years (2013)

Economy


GDP Official Exchange Rate: 130.6 billion (2013), 126.9 billion (2012)
GDP Purchasing Power Parity: 196.6 billion (2013), 198.8 billion (2012)
GDP Per Capita (PPP): 19,800 (2013), 20,000 (2012)
GDP Growth Rate: 0.2% (2013), -1.7% (2012)
GDP Structure: Agriculture 3.4%, Industry 28%, Services 68.7% (2013)
Labour Force By Occupation: Agriculture 7.1%, Industry 29.7%, Services 63.2% (2011)
Industries: Mining, metallurgy, construction materials, processed foods, textiles, chemicals, motor vehicles
Agriculture Products: Wheat, corn, sunflower seed, potatoes, sugar beets; pigs, cattle, poultry, dairy products
Human Development Index: 0.818 (43rd)(2014), 0.831 (37th)(2013)
Tourism Revenue: 4.084 billion (2004)
Unemployment Rate: 10.5% (2013)

MilitaryHungary Map


Army Size: 32 300 (2004)
Budget: 1.75% of GDP (2005)

Current Situation

 

Hungary is located in Central Europe. Hungary is bordered by Austria, Croatia, Romania, Serbia, Slovakia, Slovenia and Ukraine. Hungary's economy has grown rapidly following the collapse of the communist regime in 1991, however it's growth has slowed down. If Hungary follows certain economic rules it will be able to join the Eurozone and adopt the Euro as its currency. The 2008 financial crisis hit Hungary in October 2008, and Hungary opted to ask for a 25 billion stimulus package from the IMF, the World Bank and the European Union.

(2014) Prime Minister Viktor Orban's Fidesz party won another majority in 2014 and this should continue to provide further stability to Hungary, although some of his policies are seen as controversial to some. The economy should increase by over 1% as Hungary along with the rest of the European Union economies continue to recover.

Thoughts & Comments

 

Sources

CIA World Factbook: Hungary
The Economist: The World In 2014
Wikipedia: Hungary
http://hdrstats.undp.org/en/countries/profiles/HUN.html

Updated on: September 14th, 2014