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The Hungarian Industry
Hungary is a moderately developed, industrial-agricultural, international trade sensitive country. Hungary is lacking of energy supplies, however there is crude oil, natural gas, bauxite, coal, zeolite, perlite, bentonite, constructional andesite, riolite, tufa, and limestone mining, the country still needs a significant export from raw materials.
2/3 of the GDP in Hungary comes from the service industry. Within, the most significant is the financial sector, real estate industry, economic services and community services (administration, education, medical and social care). The industry is leaning mostly on processing industry and is producing about a quarter of the GDP. The building industry has a relatively low, 4-5 percent share.
The growth rate of the GDP exceeds the average of EU-15 by 1.5-2%, however the Hungarian growth rate is relatively slower compared to the new members. Last year, mainly because of the favourable conditions the trend of slowing noticed since 2001 has refracted and there is a 4 percent growth rate - the agricultural growth is 36 percent, the industry and building industry comes at 5 percent, while the growth of the service sector is significantly slower.
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