Suffrage: 18 years of age; universal
Executive branch: chief of state: Ferenc MADL (since NA August 2000)
head of government: Prime Minister Viktor ORBAN (since 6 July 1998)
cabinet: Council of Ministers elected by the National Assembly on the recommendation of the president
elections: president elected by the National Assembly for a five-year term; election last held 6 June 2000 (next to be held by June 2005); prime minister elected by the National Assembly on the recommendation of the president
election results: Ferenc MADL elected president; percent of legislative vote - NA% (but by a simple majority in the third round of voting); Viktor ORBAN elected prime minister; percent of legislative vote - NA%
note: to be elected, the president must win two-thirds of legislative vote in the first two rounds or a simple majority in the third round
Legislative branch: 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)
elections: last held on 10 and 24 May 1998 (next to be held May/June 2002)
election results: percent of vote by party (5% or more of the vote required for parliamentary representation in the first round) - MSZP 32.0%, FIDESZ 28.2%, FKGP 13.8%, SZDSZ 7.9%, MIEP 5.5%, MMP 4.1%, MDF 2.8%, KDNP 2.3%, MDNP 1.5%; seats by party - MSZP 134, FIDESZ 148, FKGP 48, SZDSZ 24, MDF 17, MIEP 14, independent 1; note - seating as of 2000 by party - MSZP 136, FIDESZ 141, FKGP 48, SZDSZ 24, MDF 16, MIEP 12, independents 9
Judicial branch: Constitutional Court (judges are elected by the
National Assembly for nine-year terms)
Political parties and leaders: Alliance of Free Democrats or SZDSZ [Gabor DEMSZKY]; Christian Democratic People's Party or KDNP [Gyorgy GICZY, president]; Federation of Young Democrats-Hungarian Civic Party or FYD-HCP [Laszlo KOVER]; note - used to be Hungarian Civic Party or FIDESZ; Hungarian Democratic Forum or MDF [Ibolya DAVID]; Hungarian Democratic People's Party or MDNP [Erzsebet PUSZTAI, chairman]; Hungarian Justice and Life Party or MIEP [Istvan CSURKA, chairman]; Hungarian Socialist Party or MSZP [Laszlo KOVACS, chairman]; Hungarian Workers' Party or MMP [Gyula THURMER, chairman]; Independent Smallholders or FKGP [Jozsef TORGYAN, president]
Political pressure groups and leaders: NA
International organization participation: ABEDA, Australia Group,
BIS, CCC, CE, CEI, CERN, EAPC, EBRD, ECE, EU (applicant), FAO, G- 9,
IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IEA, IFC, IFRCS, ILO, IMF,
IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, MINURSO, NAM
(guest), NATO, NEA, NSG, OAS (observer), OECD, OPCW, OSCE, PCA, PFP,
UN, UNCTAD, UNESCO, UNFICYP, UNHCR, UNIDO, UNIKOM, UNMIBH, UNMIK,
UNMOGIP, UNOMIG, UNU, UPU, WCL, WEU (associate), WFTU, WHO, WIPO,
WMO, WToO, WTrO, ZC
Diplomatic representation in the US: chief of mission: Ambassador
Geza JESZENSZKY
chancery: 3910 Shoemaker Street NW, Washington, DC 20008
telephone: [1] (202) 362–6730
FAX: [1] (202) 966–8135
consulate(s) general: Los Angeles and New York
Diplomatic representation from the US: chief of mission: Ambassador
Peter F. TUFO
embassy: Szabadsag Ter 12, H.-1054 Budapest
mailing address: pouch: American Embassy Budapest, 5270 Budapest Place, Department of State, Washington, DC 20521–5270
telephone: [36] (1) 475–4400, 475–4703 (after hours)
FAX: [36] (1) 475–4764
Flag description: three equal horizontal bands of red (top), white, and green
Hungary Economy
Economy - overview: Hungary continues to demonstrate strong economic growth and to work toward accession to the European Union. The private sector accounts for over 80% of GDP. Foreign ownership of and investment in Hungarian firms is widespread, with cumulative foreign direct investment totaling $23 billion by 2000. Hungarian sovereign debt was upgraded in 2000 to the second-highest rating among all the Central European transition economies. Inflation - a top economic concern in 2000 - is still high at almost 10%, pushed upward by higher world oil and gas and domestic food prices. Economic reform measures such as health care reform, tax reform, and local government financing have not yet been addressed by the ORBAN government.
GDP: purchasing power parity - $113.9 billion (2000 est.)
GDP - real growth rate: 5.5% (2000 est.)
GDP - per capita: purchasing power parity - $11,200 (2000 est.)
GDP - composition by sector: agriculture: 5%
industry: 35%
services: 60% (2000 est.)
Population below poverty line: 8.6% (1993 est.)
Household income or consumption by percentage share: lowest 10%: 3.9%
highest 10%: 24.8% (1996)
Inflation rate (consumer prices): 9.8% (1999 est.)
Labor force: 4.2 million (1997)
Labor force - by occupation: services 65%, industry 27%, agriculture 8% (1996)
Unemployment rate: 9.4% (2000 est.)
Budget: revenues: $13 billion
expenditures: $14.4 billion, including capital expenditures of $NA (2000 est.)
Industries: mining, metallurgy, construction materials, processed foods, textiles, chemicals (especially pharmaceuticals), motor vehicles
Industrial production growth rate: 18% (2000 est.)
Electricity - production: 36.75 billion kWh (1999)
Electricity - production by source: fossil fuel: 61.09%
hydro: 0.51%
nuclear: 38.4%
other: 0% (1999)
Electricity - consumption: 35.234 billion kWh (1999)
Electricity - exports: 2.35 billion kWh (1999)
Electricity -
