Hungary has a medium-sized, high in come and open economy. Hungary has been a member of the OECD since 1995, the WTO since 1996, and the European Union since 2004.
The service sector accounts for over 60% of GDP and its role in the Hungarian economy is steadily growing due to constant investments into transport and other services in the last 15 years. Situated in the heart of Central Europe, Hungary’s location plays a significant role in attracting investment into the country.
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