Thursday, April 10, 2014

Hungary's Economy

1. GDP- $196.6 Billion
2. GDP per capita- $19,800
3. Life Expectancy- 75.46 years
4. Poverty Rate- 14%
5. Literacy Rate- 99%
6. Unemployment Rate- 10.5%
7. Inflation- 1.9%

Resources
1. Natural Resources

  • bauxite, coal, and natural gas
  • climate- temperate, cold, cloudy, humid winters, and warm summers
  • rivers- the Danube and the Tisza Rivers divide Hungary into three regions
  • agricultural lands- 47.24% of arable lands, growing season is about the same as the US.
  • rainfall- about 23 inches of rainfall a year.

2. Labor- size is about 4.26 million people, total enrollment in any type of schooling is 1.877 million students
3. Capital- Hungary is 28% industry. Most industry revolves around mining, metallurgy, construction, processed foods, textiles, chemicals, and motor vehicles. Hungary has about 18,600 miles of roads and 670 miles of motorways. There are five international airports, four domestic airports, and four military airports. There are 4611 miles of railroads in Hungary. Every settlement has electricity. Piped gas is available for 91% of settlements. 95% of settlements have running water. Only 48% of settlements have internet penetration.

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