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Hungary has an export-oriented market economy with a heavy emphasis on foreign trade; thus the country is the 35th largest export economy in the world. The country had more than $100 billion of exports in 2015, with a high trade surplus of $9.003 billion, of which 79% went to the European Union (EU) and 21% was extra-EU trade. [ 28 ]
According to the 2018 Article IV country report, Hungary is showing a 4% projected growth in GDP, a modest decline in national debt and a continuous yearly decrease of around 10% in its international debt. [7] Hungary's current position is correlating with the desirable policies and fundamentals of the IMF.
As with any country, Hungarian security attitudes are shaped largely by history and geography. For Hungary, this is a history of more than 400 years of domination by great powers—the Ottomans, the Habsburg dynasty, the Germans during World War II, and the Soviets during the Cold War—and a geography of regional instability and separation from Hungarian minorities living in neighboring ...
According to the United Nations and the World Bank, it is a high-income country [37] with a high quality of life and a very high standard of living. [ 38 ] [ 39 ] The Polish economy is the fifth-largest in the EU and one of the fastest-growing economies in Europe, with a yearly growth rate of over 3.0% between 1991 and 2019.
The two observer states at the UN, the Vatican City and State of Palestine, are also not members of the World Bank. Kosovo is not a member of the UN, but is a member of the International Monetary Fund [1] and the World Bank Group, [2] both specialized agencies in the United Nations System.
World Bank Group: R&D spending as % of GDP: 25th out of 87 (2015) World Bank Group: List of countries by income equality: 24th out of 176 (2016) World Bank Group: Ease of doing business index: 41st out of 190 (2016) Simon Anholt: Good Country Index: 24th out of 163 (2016) Yale Center for Environmental L&P: Environmental Performance Index: 28th ...
Donald Trump's victory may be a political boon for Hungarian leader Viktor Orban but on the economy, Trump is bad news for Hungary - adding to inflationary risks due to a weak forint and lower ...
The greatest cases of inequity typically would involve an impoverished and politically unstable country neighbouring a resource-rich and relatively stable one, although neither may be recognised as a high-income economy. As an extreme example, the GDP per capita for Saudi Arabia, is over 42 times greater to that of its neighbour Yemen.