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Hungary

Hungary (/ˈhʌŋɡəri/; Hungarian: Magyarország [ˈmɒɟɒrorsaːɡ] ) is a parliamentary constitutional republic in Central Europe.

It is situated in the Carpathian Basin and is bordered by Slovakia to the north, Romania to the east, Serbia to the south, Croatia to the southwest, Slovenia to the west, Austria to the northwest, and Ukraine to the northeast.

The country's capital and largest city is Budapest.

Hungary is a member of the European Union, NATO, the OECD, the Visegrád Group, and the Schengen Area.

The official language is Hungarian, which is the most widely spoken non-Indo-European language in Europe.

Following centuries of successive habitation by Celts, Romans, Huns, Slavs, Gepids and Avars, the foundation of Hungary was laid in the late 9th century by the Hungarian grand prince Árpád in the Honfoglalás ("homeland-conquest").

His great-grandson Stephen I ascended to the throne in 1000 CE, converting the country to a Christian kingdom.

By the 12th century, Hungary became a middle power within the Western world, reaching a golden age by the 15th century.

Following the Battle of Mohács in 1526 and about 150 years of partial Ottoman occupation (1541–1699), Hungary came under Habsburg rule, and later formed a significant part of the Austro–Hungarian Empire (1867–1918).

Hungary's current borders were first established by the Treaty of Trianon (1920) after World War I, when the country lost 71% of its territory, 58% of its population, and 32% of ethnic Hungarians.

Following the interwar period, Hungary joined the Axis Powers in World War II, suffering significant damage and casualties.

Hungary became a satellite state of the Soviet Union, which contributed to the establishment of a four-decade-long communist dictatorship (1947–1989).

The country gained widespread international attention regarding the Revolution of 1956 and the seminal opening of its previously-restricted border with Austria in 1989, which accelerated the collapse of the Eastern Bloc.

On 23 October 1989, Hungary again became a democratic parliamentary republic, and today has a high-income economy with a very high Human Development Index.

Hungary is a popular tourist destination attracting 10.675 million tourists a year (2013).

It is home to the largest thermal water cave system, the second-largest thermal lake in the world (Lake Hévíz), the largest lake in Central Europe (Lake Balaton), and the largest natural grasslands in Europe (the Hortobágy National Park).

Region:Europe & Central Asia
Income Level:High income
Population, total:0 (2017)
Capital:Budapest
Longitude:19.0408
Latitude:47.4984
Merchandise trade (% of GDP)

Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.
Source:World Trade Organization, and World Bank GDP estimates.

Time required to start a business (days)

Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.
Source:World Bank, Doing Business project (http://www.doingbusiness.org/).

Exports of goods and services (BoP, current US$)

Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars.
Source:International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

Imports of goods and services (BoP, current US$)

Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, nonmonetary gold, and services. Data are in current U.S. dollars.
Source:International Monetary Fund, Balance of Payments Statistics Yearbook and data files.