Hungary has successfully attracted substantial inflows of foreign direct investment, built up a robust private export sector, and achieved solid economic growth with low unemployment. Hungary has made the transition from a centrally planned economy to a market economy. Hungary is located on the Danube River Basin in Central Europe. Bounded by Slovakia to the north, Ukraine to the northeast, Romania to the east, Croatia and Serbia & Montenegro to the south as well as Slovenia and Austria to the west.

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People: 89.9% Hungarian, 4% Gypsy, 2.6% German, 0.8% Slovak & 0.7% Romanian
Language: Hungarian, German
Religion: 68% Roman Catholic, 21% Reformed (Calvinist) Protestant, 6% Evangelical (Lutheran), 5% other
Government: Parliamentary Democracy
GDP: US$134 billion
Major Industries:Mining, metallurgy &agriculture, construction materials, processed foods, textiles, chemicals (especially pharmaceuticals), and motor vehicles
Major Trading Partners: Germany, Austria, Italy, and Russia