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Hungary [+]Compare [E]dit [H]istory

Aliases: Hungarian People's Republic, Hungarian Soviet Republic, Kingdom of Hungary, Magyarorszag

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Object «Hungary» has attributes

Attribute Value
Geography
Area 93,028 km²
Continent Europe
Land area 89,608 km²
Water area 3,420 km²
Land boundaries 2,106 km
Border countries
  • Austria
  • Croatia
  • Romania
  • Serbia
  • Slovakia
  • Slovenia
  • Ukraine
Coastline 0 km
Mean elevation 143 m
Lowest point 78 m
Highest point 1,014 m
People
Population 9,771,827
Official languages
  • Hungarian
Religion Roman Catholic
Government
Long country name Add
Short country name Hungary
Long local name Add
Short local name Magyarorszag
Former name
  • Hungarian People's Republic
  • Hungarian Republic
  • Hungarian Soviet Republic
  • Kingdom of Hungary
Government type Parliamentary republic
Capital Budapest
Economy
GDP (PPP) 289,600,000,000 USD
GDP (OER) 139,200,000,000 USD
GDP (real growth rate) 4 %
GDP - per capita (PPP) 29,600 USD
Gross national saving 25.7 % of GDP
Labor force 4,599,000
Unemployment rate 4.2 %
Population below poverty line 14.9 %
Budget revenues 61,980,000,000 USD
Budget expenditures 64,700,000,000 USD
Military expenditures 1.21 % of GDP
Taxes and other revenues 44.5 % of GDP
Budget surplus or deficit -2 % of GDP
Public debt 73.6 % of GDP
Inflation rate 2.4 %
Central bank discount rate 0.9 %
Commercial bank prime lending rate 1.48 %
Stock of narrow money 74,770,000,000 USD
Stock of broad money 74,770,000,000 USD
Stock of domestic credit 86,220,000,000 USD
Market value of publicly traded shares 27,700,000,000 USD
Current account balance 4,390,000,000 USD
Exports 98,740,000,000 USD
Imports 96,300,000,000 USD
Reserves of foreign exchange and gold 28,000,000,000 USD
External debt 138,100,000,000 USD
National currency forints
National currency (code) HUF
National currency (symbol) Ft
National currency rate to USD 279.5

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 five years later.

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