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 |
|
Coastline | 0 km |
Mean elevation | 143 m |
Lowest point | 78 m |
Highest point | 1,014 m |
People | |
Population | 9,771,827 |
Official languages |
|
Religion | Roman Catholic |
Government | |
Long country name | Add |
Short country name | Hungary |
Long local name | Add |
Short local name | Magyarorszag |
Former name |
|
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.