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General situation and outlook
Sovereign downgrading due to market adverse economic policies
- In 2011 a 2% GDP growth is forecast, but the rebound remains fragile
- Payment delays are still prevalent, and insolvencies continue to rise
- Recent economic policy measures have weakened Hungary’s reliability as a debtor and its long-term budgetary solidity
- A new budget plan only partly helped to regain the shaken market confidence
Real GDP growth (%)
Source: EIU / IMF
 Download full country report on Hungary
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General Information
Capital - Budapest
Government type - Parliamentary democracy
Currency - Forint (HUF)
Population - 9.9 million
Status - Upper middle income country
(GDP/capita: US-$ 13,112 in 2011)
Main import sources (2009)
- Germany - 25.1%
- Russia - 7.3%
- China - 6.4%
- Austria - 6.1%
- Netherlands - 4.8%
Main export markets (2009)
- Germany - 25.7%
- Italy - 5.7%
- UK - 5.4%
- France - 5.4%
- Rumania - 5.3%
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Date mar 2010
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