The economy of Hungary is a a medium-sized, high-income open economy, which is part of the European Single Market.
Organisation for Economic Co-operation and Development (OECD) since 1995,
World Trade Organization (WTO) since 1996,
European Union since 2004,
Schengen Area since 2012.
Currency: Forint (HUF)
GDP per capita: 25,239 USD
Economic growth: c. 3,5% (2014)
Expected growth: (2015, 2016): 2.6%
Main sectors are metallurgy, construction materials, processed
foods, textiles, chemicals (especially pharmaceuticals), motor vehicles.
Hungary's main agricultural products are wheat, corn, sunflower seed, potatoes,
sugar beets; pigs, cattle, poultry, and dairy products.