The private sector generates about 80% of the Hungarian GDP;
GDP per capita of Hungary: USD 13,200;
Currency of Hungary: Hungarian Forint;
Hungary is a member of the European Union since 2004;
Hungary attracts ten million tourists every year;
Hungarian automotive sector is increasingly important. Brands like Audi, Mercedes, GM-Opel or Suzuki have factories in Hungary;
Hankook tire company is also in Hungary;
Hungary is the main hub for mobile phones production in the European Union;
Main Hungarian products: building materials, processed foods, textiles, chemical and pharmaceutical products, cars.
Hungarian Foreign Trade
The main Hungarian Exports are machines, equipment, foods, raw materials;
Top Hungarian Export Markets are Germany (28%), Italy, France, Austria, Romania, the United Kingdom, Slovakia, Poland;
The main Hungarian Imports are machinery, raw materials, manufactured products;
Top suppliers of Hungary: Germany (27%), China, Austria, Italy;
As a member of the European Union, Hungary is a beneficiary of the EU Free trade agreements with Moldova, Ukraine, South Korea, India, Mexico, Georgia, Egypt, Jordan, Lebanon...
(c) EENI Global Business School (1995-2023)
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