Hungary

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Economy

Main article: Economy of Hungary

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Hungary continues to demonstrate moderate-to-strong economic growth as one of the newest members of the European Union (since 2004). The private sector accounts for over 80% of GDP. Foreign ownership of and investment in Hungarian firms is widespread, with cumulative foreign direct investment totalling more than US$23 billion since 1989. Hungarian sovereign debt was upgraded in 2000 to the second-highest rating among all the Central European transition economies. Inflation and unemployment – both priority concerns in 2001 – have declined substantially, however the suicide rate remains stubbornly high. Economic reform measures such as health care reform, tax reform, and local government financing have not yet been addressed by the present government.

Related Topics:
European Union - GDP - 1989 - 2000 - Inflation - Unemployment - 2001 - Suicide

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