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(opens in new window) Hungary was part of
the polyglot Austro-Hungarian Empire, which collapsed during World
War I. The country fell under Communist rule following World War II.
In 1956, a revolt and announced withdrawal from the Warsaw Pact were
met with a massive military intervention by Moscow. Under the
leadership of Janos KADAR in 1968, Hungary began liberalizing its
economy, introducing so-called "Goulash Communism." Hungary held its
first multiparty elections in 1990 and initiated a free market
economy. It joined NATO in 1999 and the EU in 2004. Central Europe,
northwest of Romania 47 00 N, 20 00 E
total: 93,030
sq km total: 2,171
km 0 km (landlocked)
none (landlocked)
temperate; cold,
cloudy, humid winters; warm summers mostly flat to
rolling plains; hills and low mountains on the Slovakian border
lowest point:
Tisza River 78 m bauxite, coal,
natural gas, fertile soils, arable land arable land:
49.58% 2,300 sq km (2003)
the upgrading of
Hungary's standards in waste management, energy efficiency, and air,
soil, and water pollution to meet EU requirements will require large
investments landlocked;
strategic location astride main land routes between Western Europe
and Balkan Peninsula as well as between Ukraine and Mediterranean
basin; the north-south flowing Duna (Danube) and Tisza Rivers divide
the country into three large regions 9,981,334 (July 2006
est.) 0-14 years:
15.6% (male 799,163/female 755,389) total: 38.7
years -0.25% (2006 est.)
9.72 births/1,000
population (2006 est.) 13.11 deaths/1,000
population (2006 est.) 0.86 migrant(s)/1,000
population (2006 est.) at birth:
1.06 male(s)/female total: 8.39
deaths/1,000 live births total population:
72.66 years 1.32 children
born/woman (2006 est.) 0.1% (2001 est.)
2,800 (2001 est.)
less than 100 (2001
est.) noun:
Hungarian(s) Hungarian 92.3%,
Roma 1.9%, other or unknown 5.8% (2001 census) Roman Catholic
51.9%, Calvinist 15.9%, Lutheran 3%, Greek Catholic 2.6%, other
Christian 1%, other or unspecified 11.1%, unaffiliated 14.5% (2001
census) Hungarian 93.6%,
other or unspecified 6.4% (2001 census) definition:
age 15 and over can read and write conventional long
form: Republic of Hungary parliamentary
democracy Budapest
19 counties (megyek,
singular - megye), 20 urban counties (singular - megyei varos), and
1 capital city (fovaros) 1001 (unification by
King Stephen I) Saint Stephen's Day,
20 August 18 August 1949,
effective 20 August 1949; revised 19 April 1972; 18 October 1989
revision ensured legal rights for individuals and constitutional
checks on the authority of the prime minister and also established
the principle of parliamentary oversight; 1997 amendment streamlined
the judicial system rule of law based on
Western model; accepts compulsory ICJ jurisdiction, with
reservations 18 years of age;
universal unicameral National
Assembly or Orszaggyules (386 seats; members are elected by popular
vote under a system of proportional and direct representation to
serve four-year terms) Constitutional Court
(judges are elected by the National Assembly for nine-year terms)
Hungary has made the
transition from a centrally planned to a market economy, with a per
capita income one-half that of the Big Four European nations.
Hungary continues to demonstrate strong economic growth and acceded
to the EU in May 2004. The private sector accounts for over 80% of
GDP. Foreign ownership of and investment in Hungarian firms are
widespread, with cumulative foreign direct investment totaling more
than $60 billion since 1989. Hungarian sovereign debt was upgraded
in 2000 and together with the Czech Republic holds the highest
rating among the Central European transition economies; however,
ratings agencies have expressed concerns over Hungary's
unsustainable budget and current account deficits. Inflation has
declined from 14% in 1998 to 3.7% in 2005. Unemployment has
persisted around the 6% level, but Hungary's labor force
participation rate of 57% is one of the lowest in the Organization
for Economic Cooperation and Development (OECD). Germany is by far
Hungary's largest economic partner. Policy challenges include
cutting the public sector deficit to 3% of GDP by 2008, from about
6.5% in 2005, and orchestrating an orderly interest rate reduction
without sparking capital outflows. $161 billion (2005
est.) $104.5 billion (2005
est.) 3.9% (2005 est.)
$16,100 (2005 est.)
agriculture:
3.9% 4.18 million (2005
est.) agriculture:
6.2% 7.1% (2005 est.)
8.6% (1993 est.)
lowest 10%:
4.1% 24.4 (1999)
3.7% (2005 est.)
23.1% of GDP (2005
est.) revenues:
$51.4 billion wheat, corn,
sunflower seed, potatoes, sugar beets; pigs, cattle, poultry, dairy
products mining, metallurgy,
construction materials, processed foods, textiles, chemicals
(especially pharmaceuticals), motor vehicles 7.5% (2005 est.)
32.21 billion kWh
(2003) 36.96 billion kWh
(2003) 7.1 billion kWh
(2003) 14.1 billion kWh
(2003) 43,920 bbl/day (2003
est.) 134,100 bbl/day
(2003 est.) 47,180 bbl/day
(2001) 136,600 bbl/day
(2001) 110.7 million bbl (1
January 2002) 2.94 billion cu m
(2003 est.) 14.58 billion cu m
(2003 est.) 9.587 billion cu m
(2001 est.) 34.26 billion cu m
(1 January 2002) -$8.667 billion
(2005 est.) $61.75 billion
f.o.b. (2005 est.) machinery and
equipment 61.1%, other manufactures 28.7%, food products 6.5%, raw
materials 2%, fuels and electricity 1.6% (2003) Germany 31.4%,
Austria 6.8%, France 5.7%, Italy 5.6%, UK 5.1% (2004) $64.83 billion
f.o.b. (2005 est.) machinery and
equipment 51.6%, other manufactures 35.7%, fuels and electricity
7.7%, food products 3.1%, raw materials 2.0% (2003) Germany 29.2%,
Austria 8.3%, Russia 5.7%, Italy 5.5%, Netherlands 4.9%, China 4.8%,
France 4.7% (2004) $18.49 billion (2005
est.) $76.23 billion (30
June 2005 est.) $4.2 billion in
available EU structural adjustment and cohesion funds (2004-06)
forint (HUF)
calendar year
3,577,300 (2004)
8,727,200 (2004)
general
assessment: the telephone system has been modernized and is
capable of satisfying all requests for telecommunication service AM 17, FM 57,
shortwave 3 (1998) 35 (plus 161
low-power repeaters) (1995) .hu 261,294 (2005)
3.05 million (2005)
44 (2005)
total: 19 total: 25 5 (2005)
gas 4,397 km; oil
990 km; refined products 335 km (2004) total: 7,937
km total:
159,568 km 1,622 km (most on
Danube River) (2006) Budapest,
Dunaujvaros, Gyor-Gonyu, Csepel, Baja, Mohacs (2003) Ground Forces, Air
Forces in 2004, Hungary
amended the status law extending special social and cultural
benefits - and voted down a referendum to extend dual citizenship -
to ethnic Hungarians living in neighboring states, which have
objected to such measures; consultations continue between Slovakia
and Hungary over Hungary's completion of its portion the
Gabcikovo-Nagymaros hydroelectric dam project along the Danube; as a
member state that forms part of the EU's external border, Hungary
must implement the strict Schengen border rules transshipment point
for Southwest Asian heroin and cannabis and for South American
cocaine destined for Western Europe; limited producer of precursor
chemicals, particularly for amphetamine and methamphetamine;
improving, but remains vulnerable to money laundering related to
organized crime and drug trafficking |