Hungary
Hungary is situated in Central Europe; it is landlocked and has a strategic location astride the main land routes between Western Europe and Balkan Peninsula as well as between the Ukraine and Mediterranean basin. It shares borders with, Austria, Croatia, Romania, Serbia and Montenegro, Slovakia, Slovenia and the Ukraine. It has made the transition from a centrally planned to a market economy, with a per capita income one-half that of the Big Four European nations. The budget deficit situation appears to be under control, although euro adoption is unlikely before 2012. However, the current account deficit is forecast to increase steadily as a % of GDP during 2008-2009 as domestic demand increases.
Economic Strengths
Rising inflation during 2007 is expected to fall in 2008 and further in 2009. Manufacturing, and service sectors are strong.
Economic Weaknesses
Slowing GDP growth & domestic consumption. Relatively high budget deficit.
| Population | Capital city |
| 10,017,915 | Budapest |
| Currency | World GNP Ranking |
| Forint | 51 |
| GNP per Capita ($) | Inflation |
| 19500 | 4.51% |
| Unemployment | Tourism visitors per year (thousands) |
| 7.1% | 35077.6 |
Source: Knight Frank Residential Research as at Dec 2007