Hungary Economic information

Hungary is a country located in Central Europe. Its economy is known as a rapidly growing and developing economy. Hungary has an export-oriented economy and a strong industrial sector, especially in sectors such as automotive, electronics, pharmaceuticals, food and beverages. Hungary's GDP size is estimated at 170 billion dollars according to 2020 data. The country's GDP growth has increased steadily in recent years, recording

4.9% growth in 2019. This growth rate is one of the highest among EU countries. Hungary's largest trading partner is the European Union. Exports to EU countries constitute a large share of Hungary's total exports. The country's most important export products include automotive, electrical machinery, pharmaceuticals, chemical products and food. Hungary's tourism sector is also an important source of income for its economy. The country's historical and cultural riches, thermal spas and natural beauties attract the attention of tourists. Budapest is one of the most popular tourist destinations in Hungary. Hungary's unemployment rate is estimated at

3.7% according to 2020 data. This rate shows that the country has steadily falling unemployment rates. Although Hungary is a member of the European Union, it is a country that does not use the Euro. The currency of Hungary is the Hungarian Forint. In conclusion, Hungary is a Central European country with a rapidly growing economy. It attracts attention with its export-based economy, strong industrial sector and tourism potential.