Hungary country overview
Before we start to discuss Hungary GDP first we discuss Hungary’s country overview, so Hungary is a landlocked country located in central Europe.
Hungary shares her border with Slovakia, Ukraine, Romania, Croatia, Slovenia, and Austria. Budapest is the capital and largest city of Hungary.
Its official language is Hungarian. When we talk about its ethnic groups, 98% Hungarian and 2% others live in Hungary.
In religion, 54% Christianity, 18% non-religion, and other religions exist in Hungary. Hungary’s government system is the Unitary parliamentary republic. Its president name is Janos Ader.
Its prime minister’s name is Viktor Orban. Hungary’s total land area is 93,030 km2. Its land area rank is 108th in the world. Its total population is 9,730,100 in the year 2021.
Its population rank is 91st in the world. Hungary’s population density rank is 105/km2. Its population density rank is 78th in the world.
Hungary’s currency is called the Hungarian forint. Hungary’s economy is called the developed and emerging economy and also a high-income economy.
Hungary’s inflation rate is 3.7% in the year 2020. 12% of its total population live below the poverty line. Hungary’s HDI rate is 0.854 in the year 2019.
This HDI rate is considered very high in the world. Its HDI rank is 40th in the world. The unemployment rate in Hungary is 3.7% in the year 2021.
Its gross external debt is $138 billion in the year 2017. Hungary’s total foreign reserves are $28 billion in the year 2017.
Its total GDP is $194 billion (nominal) and $335 billion (PPP) in the year 2021. Hungary’s GDP rank is 55th (nominal) and 52nd (PPP) in the year 2020.
Its GDP growth is 6% in the year 2021. Its GDP per capita is $17,600 (nominal) and $34,500 (PPP) in the year 2021. Its GDP per capita rank is 45th (nominal) and 41st (PPP) in the year 2020.
When we talk about its GDP by sector, so agriculture is 4%, the industry is 31%, and services are 65% in the year 2017.
Hungary’s total exports are 125 billion in the year 2017. Its main export goods are machinery, food products, fuels, raw materials, and others. Its main export partners are Germany, Italy, Austria, Poland, and others.
Its total imports are $115 billion in the year 2017. Its main import goods are machinery, equipment’s, fuel, and others. Its main import partners are Germany, China, Poland, Netherlands, and others.
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