Names: conventional long form: Republic of Hungary conventional short form: Hungary local long form: Magyar Koztarsasag local short form: Magyarorszag

Capital City: Budapest

Population: 9,981,334 (July 2006 est.)

GDP Per Capita: $17,300 (2006 est.)

Currency: forint (HUF)

Languages: Hungarian 93.6%, other or unspecified 6.4% (2001 census)

Total Area: total: 93,030 sq km land: 92,340 sq km water: 690 sq km slightly smaller than Indiana

Region: Europe

Industries: mining, metallurgy, construction materials, processed foods, textiles, chemicals (especially pharmaceuticals), motor vehicles

Agriculture: wheat, corn, sunflower seed, potatoes, sugar beets; pigs, cattle, poultry, dairy products

Resources: bauxite, coal, natural gas, fertile soils, arable land

Labor Force: 4.2 million (2006 est.)
agriculture: 5.5% industry: 33.3% services: 61.2% (2003)

Exports: $67.99 billion f.o.b. (2006 est.)
machinery and equipment 61.1%, other manufactures 28.7%, food products 6.5%, raw materials 2%, fuels and electricity 1.6% (2003)

Imports: $69.75 billion f.o.b. (2006 est.)
machinery and equipment 51.6%, other manufactures 35.7%, fuels and electricity 7.7%, food products 3.1%, raw materials 2.0% (2003)

Overview: Hungary has made the transition from a centrally planned to a market economy, with a per capita income nearly two-thirds that of the EU-25 average. Hungary continues to demonstrate strong economic growth and acceded to the EU in May 2004. The private sector accounts for over 80% of GDP. Foreign ownership of and investment in Hungarian firms are widespread, with cumulative foreign direct investment totaling more than $60 billion since 1989. Hungarian sovereign debt was upgraded in 2000 - together with the Czech Republic, Hungary holds the highest rating among the Central European transition economies. Rating agencies, however, have expressed concerns over Hungary's fiscal and current account deficits. Inflation has declined from 14% in 1998 to 3.7% in 2006. Unemployment has persisted above 6%. Hungary's labor force participation rate of 57% is one of the lowest in the Organization for Economic Cooperation and Development (OECD). Germany is by far Hungary's largest economic partner. Policy challenges include cutting the public sector deficit to 3% of GDP by 2008, from about 6.5% in 2006, and orchestrating an orderly interest rate reduction without sparking capital outflows.

_{CIA World Book}

In 2007 Missouri exported $17,226,247 in goods to Hungary. This ranks Hungary 31^st among the 223 international buyers of Missouri goods. Missouri exports to Hungary decreased from the previous year by $3,053,043 a change of -15.05%. State exports to Hungary have increased over the last 5 years by $12,644,957 a change of 276.01%. Missouri exports account for .13%. of all 2007 US exports to Hungary.