Hungary Economy - 1986

GEOGRAPHICAL NAMES 

GNP: $77 billion in 1984 (at 1984 US dollars), $7,200 per capita; 1984 growth rate, 1.3%

Natural resources: bauxite, brown coal, natural gas

Agriculture: normally self-sufficient; main crops—corn, wheat, potatoes, sugar beets, wine grapes

Major industries: mining, metallurgy, engineering industries, processed foods, textiles, chemicals (especially pharmaceuticals)

Shortages: metallic ores (except bauxite), copper, hign grade coal, forest products, crude oil

Crude steel: 3.8 million metric tons produced (1984), 355 kg per capita

Electric power: 6,530,000 kW capacity (1985); 29.315 billion kWh produced (1985), 2,754 kWh per capita

Exports $16.3 billion (f.o.b., 1984); 38% fuels, raw materials, and semifinished products; 25% machinery and equipment; 23% agricultural and forestry products; 14% manufactured consumer goods

Imports: $15.6 billion (c.i.f., 1984); 67% fuels, raw materials and semifinished products; 16% machinery and equipment; 10% manufactured consumer goods; 7% agricultural and forestry products

Major trade partners: 30% USSR, 9% FRG (1984)

Monetary conversion rate 48.244 forints=US$l (October 1985)

Fiscal year: calendar year

NOTE: The information regarding Hungary on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Hungary 1986 information contained here. All suggestions for corrections of any errors about Hungary 1986 should be addressed to the CIA or the source cited on each page.