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The economy of Hungary is a high-income mixed economy , ranked as the 9th most complex economy according to the Economic Complexity Index. 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. Electronics manufacturing and research are among the main drivers of innovation and economic growth in the country.
In the past 20 years Hungary has also grown into a major center for mobile technology , information security , and related hardware research. An estimated The unemployment rate was 3. Hungary is part of the European Single Market which represents more than million consumers. Several domestic commercial policies are determined by agreements among European Union members and by EU legislation. Hungary also has a large number of specialised small and medium enterprises , for example many automotive industry suppliers and technology start ups.
Budapest is the financial and business capital of Hungary. The capital is a significant economic hub, classified as an Alpha- world city in the study by the Globalization and World Cities Research Network and it is the second fastest-developing urban economy in Europe.
The per capita GDP in the city increased by 2. Hungary maintains its own currency, the Hungarian forint HUF , although the economy fulfills the Maastricht criteria with the exception of public debt.