Hungary has the group's third largest economy (total GDP of US$350.000 billion, 53rd in the world). Hungary was one of the more developed economies of the Eastern bloc. With about $18 billion in foreign direct investment (FDI) since 1989, Hungary has attracted over one-third of all FDI in central and eastern Europe, including the former Soviet Union. Of this, about $6 billion came from American companies. Now it is an industrial agricultural state. The main industries are engineering, mechanical engineering (cars, buses), chemical, electrical, textile, and food industries. The services sector accounted for 64% of GDP in 2007 and its role in the Hungarian economy is steadily growing.