Hungary

File:Flag of Hungary.svg

Breakdown of Hungary’s finances with the EU in 2016:

  • Total EU spending in Hungary: € 4.546 billion
  • Total EU spending as % of Hungarian gross national income (GNI): 4.19 %
  • Total Hungarian contribution to the EU budget: € 0.924 billion
  • Hungarian contribution to the EU budget as % of its GNI: 0.85 %

Source

Like most other post-communist European states, however, Hungary broadly pursued an integrationist agenda, joining NATO in 1999 and the European Union in 2004.

Hungary joined the European Union in 2004 and has been part of the Schengen Area since 2007.

In 2009 Hungary, due to strong economic difficulties, had to request the help of the IMF for about €9 billion (10.4 billion US Dollars). The debt-to-GDP ratio of Hungary had its peak in 2011 when it stood at 83% and decreased since then. According to Eurostat, the government gross debt of Hungary amounts to 25.119 billion HUF or 74.1% of its GDP in 2016. The government achieved a budget deficit 1.9% of the GDP in 2015. Hungary’s credit rating by credit rating agencies Standard & Poor’sMoody’s and Fitch Ratings stands at Investment Grade BBB with a stable outlook in 2016. On Transparency International‘s 2019 Corruption Perceptions Index Hungary’s public sector has deteriorated from a score of 51 in 2015 to 44 in 2019 making it the 2nd most corrupt EU member at pair with Romania and behind Bulgaria.

Since 1989, Hungary’s top foreign policy goal has been achieving integration into Western economic and security organisations.

Hungary has a population of nearly 10 million, mostly ethnic Hungarians and a significant Romani minority.

Today, approximately 5 million Hungarians live outside Hungary.

There are sizeable populations of Hungarian speakers in Romania, the Czech Republic, Slovakia, the former Yugoslavia, Ukraine, Israel, and the U.S. Smaller groups of Hungarian speakers live in Canada, Slovenia, and Austria, but also in Australia, Brazil, Argentina, Mexico, Venezuela, and Chile.

Wikipedia

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Viktor Mihály Orbán, current prime minister of Hungary

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