aders: Alliance of Free Democrats or SZDSZ
; Christian Democratic People's Party or KDNP
; Hungarian Civic Party or FIDESZ [Laszlo
KOVER, chairman]; Hungarian Democratic Forum or MDF [Ibolya DAVID,
chairman]; 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 ;
Independent Smallholders or FKGP

International organization participation: ABEDA, Australia Group, BIS,
CCC, CE, CEI, CERN, EAPC, EBRD, ECE, EU (applicant), FAO, G- 9, IAEA,
IBRD, ICAO, ICFTU, ICRM, IDA, IEA, IFC, IFRCS, ILO, IMF, IMO,
Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, NAM (guest), NATO,
NEA, NSG, OAS (observer), OECD, OPCW, OSCE, PCA, PFP, UN, UNCTAD,
UNESCO, UNFICYP, UNHCR, UNIDO, UNIKOM, UNMIBH, UNMIK, UNOMIG, UNU,
UPU, 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: (202) 362-6730
FAX: (202) 966-8135
consulate(s) general: Los Angeles and New York

Diplomatic representation from the US:
chief of mission: Ambassador Peter F. TUFO
embassy: V. 1054 Szabadsag Ter 12, Budapest
mailing address: pouch: American Embassy Budapest, Department of
State, Washington, DC 20521-5270
telephone: (1) 475-4400, 475-4703 (after hours)
FAX: (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. Over 85% of
the economy has been privatized. Foreign ownership of and investment
in Hungarian firms has been widespread with cumulative foreign direct
investment $21 billion by 1999. Hungarian sovereign debt is now rated
investment grade. GDP growth of 4% in 1999 will likely be matched or
even exceeded in 2000. Inflation, while diminished, is still high at
10%. Economic reform measures include regional development,
encouragement of small- and medium-size enterprises, and support of
housing.

GDP: purchasing power parity - $79.4 billion (1999 est.)

GDP - real growth rate: 4% (1999 est.)

GDP - per capita: purchasing power parity - $7,800 (1999 est.)

GDP - composition by sector:
agriculture: 5%
industry: 30%
services: 65% (1999 est.)