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Hong Kong Economy

Economy - overview: Hong Kong has a bustling free market economy highly dependent on international trade. Natural resources are limited, and food and raw materials must be imported. Indeed, imports and exports, including reexports, each exceed GDP in dollar value. Even before Hong Kong reverted to Chinese administration on 1 July 1997 it had extensive trade and investment ties with China. Per capita GDP compares with the level in the four big countries of Western Europe. GDP growth averaged a strong 5% in 1989–97. The widespread Asian economic difficulties in 1998 hit this trade-dependent economy quite hard, with GDP down 5%. The economy is undergoing a rapid recovery, with growth of 10% in 2000 to be followed by projected growth of 5% in 2001.

GDP: purchasing power parity - $181 billion (2000 est.)

GDP - real growth rate: 10% (2000 est.)

GDP - per capita: purchasing power parity - $25,400 (2000 est.)

GDP - composition by sector: agriculture: 0.1%

industry: 14.3%

services: 85.6% (1999 est.)

Population below poverty line: NA%

Household income or consumption by percentage share: lowest 10%: NA%

highest 10%: NA%

Inflation rate (consumer prices): 3.7% (2000 est.)

Labor force: 3.39 million (2000 est.)

Labor force - by occupation: wholesale and retail trade, restaurants, and hotels 31.5%, community and social services 24%, financing, insurance, and real estate 14.5%, transport and communications 11.6%, manufacturing 7.7%, construction 2.6% (October 1999)

Unemployment rate: 4.5% (2000 est.)

Budget: revenues: $20.8 billion

expenditures: $24.5 billion, including capital expenditures of $NA (FY99/00)

Industries: textiles, clothing, tourism, electronics, plastics, toys, watches, clocks

Industrial production growth rate: 2.1% (2000)

Electricity - production: 27.726 billion kWh (1999)

Electricity - production by source: fossil fuel: 100%

hydro: 0%

nuclear: 0%

other: 0% (1999)

Electricity - consumption: 32.202 billion kWh (1999)

Electricity - exports: 633 million kWh (1999)

Electricity - imports: 7.05 billion kWh (1999)

Agriculture - products: fresh vegetables; poultry

Exports: $204 billion (including reexports; f.o.b., 2000 est.)

Exports - commodities: clothing, textiles, footwear, electrical appliances, watches and clocks, toys

Exports - partners: China 33%, US 24%, Japan 5%, UK 4%, Germany,

Singapore (1999)

Imports: $215 billion (f.o.b., 2000)

Imports - commodities: foodstuffs, transport equipment, raw materials, semimanufactures, petroleum; a large share is reexported

Imports - partners: China 44%, Japan 12%, US 7%, Taiwan 7%, South

Korea, Singapore (1999)

Debt - external: $48.1 billion (1999)

Currency: Hong Kong dollar (HKD)

Currency code: HKD

Exchange rates: Hong Kong dollars per US dollar - 7.7990 (January 2001), 7.7912 (2000), 7.7575 (1999), 7.7453 (1998), 7.7421 (1997), 7.7343 (1996); note - Hong Kong became a special administrative region of China on 1 July 1997; before then, the Hong Kong dollar was linked to the US dollar at the rate of about 7.8 Hong Kong dollars per US dollar

Fiscal year: 1 April - 31 March

Hong Kong Communications

Telephones - main lines in use: 3.839 million (1999)

Telephones - mobile cellular: 3.7 million (December 1999)

Telephone system: general assessment: modern facilities provide excellent domestic and international services

domestic: microwave radio relay links and extensive fiber-optic network

international: satellite earth stations - 3 Intelsat (1 Pacific Ocean and 2 Indian Ocean); coaxial cable to Guangzhou, China; access to 5 international submarine cables providing connections to ASEAN member nations, Japan, Taiwan, Australia, Middle East, and Western Europe

Radio broadcast stations: AM 7, FM 13, shortwave 0 (1998)

Radios: 4.45 million (1997)

Television broadcast stations: 4 (plus two repeaters) (1997)

Televisions: 1.84 million (1997)

Internet country code: .hk

Internet Service Providers (ISPs): 17 (2000)

Internet users: 1.85 million (2000)

Hong Kong Transportation

Railways: total: 34 km

standard gauge: 34 km 1.435-m gauge (all electrified) (1996 est.)

Highways: total: 1,831 km

paved: 1,831 km

unpaved: 0 km (1997)

Waterways: none

Ports and harbors: Hong Kong

Merchant marine: total: 354 ships (1,000 GRT or over) totaling 10,330,662 GRT/17,227,315 DWT

ships by type: barge carrier 1, bulk 208, cargo 36, chemical tanker 7, combination bulk 2, container 59, liquefied gas 6, multi-functional large-load carrier 2, petroleum tanker 26, refrigerated cargo 3, short-sea passenger 1, vehicle carrier 3

note: includes some foreign-owned ships registered here as a flag of convenience: Bermuda 2, Belgium 1, Canada 2, China 9, Japan 3, Mongolia 1, Norway 1, South Africa 1, UK 7 (2000 est.)

Airports: 3 (2000 est.)

Airports - with paved runways: total: 3

over 3,047 m: 2

1,524 to 2,437 m: 1 (2000 est.)

Heliports: 2 (2000 est.)

Hong Kong Military

Military branches: Hong Kong garrison of China's People's Liberation Army (PLA) including elements of the PLA Ground Forces, PLA Navy, and PLA Air Force; these forces are under the direct leadership of the Central Military Commission in Beijing and under administrative control of the adjacent Guangzhou Military Region

Military manpower - military age: 18 years of age

Military manpower - availability: males age 15–49: 2,020,937 (2001 est.)

Military manpower - fit for military service: males age 15–49: 1,520,531 (2001 est.)

Military manpower - reaching military age annually: males: 47,139 (2001 est.)

Military expenditures - dollar figure: $NA; note - separate budget for Hong Kong not established by China

Military expenditures - percent of GDP: NA%

Military - note: defense is the responsibility of China

Hong Kong Transnational Issues

Disputes - international: none

Illicit drugs: a hub for Southeast Asian heroin and regional stimulants trade; transshipment and money-laundering center; increasing indigenous amphetamine abuse

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@Howland Island

Howland Island Introduction

Background: Discovered by the US early in the 19th century, the island was officially claimed by the US in 1857. Both US and British companies mined for guano until about 1890. Earhart Light is a day beacon near the middle of the west coast that was partially destroyed during World War II, but has since been rebuilt; it is named in memory of famed aviatrix Amelia EARHART. The island is administered by the US Department of the Interior as a National Wildlife Refuge.

Howland Island Geography

Location: Oceania, island in the North Pacific Ocean, about one-half of the way from Hawaii to Australia

Geographic coordinates: 0 48 N, 176 38 W

Map references: Oceania

Area: total: 1.6 sq km

land: 1.6 sq km

water: 0 sq km

Area - comparative: about three times the size of The Mall in

Washington, DC

Land boundaries: 0 km

Coastline: 6.4 km

Maritime claims: exclusive economic zone: 200 NM

territorial sea: 12 NM

Climate: equatorial; scant rainfall, constant wind, burning sun

Terrain: low-lying, nearly level, sandy, coral island surrounded by a narrow fringing reef; depressed central area

Elevation extremes: lowest point: Pacific Ocean 0 m

highest point: unnamed location 3 m

Natural resources: guano (deposits worked until late 1800s), terrestrial and aquatic wildlife

Land use: arable land: 0%

permanent crops: 0%

permanent pastures: 0%

forests and woodland: 5%

other: 95%

Irrigated land: 0 sq km (1998)

Natural hazards: the narrow fringing reef surrounding the island can be a maritime hazard

Environment - current issues: no natural fresh water resources

Geography - note: almost totally covered with grasses, prostrate vines, and low-growing shrubs; small area of trees in the center; primarily a nesting, roosting, and foraging habitat for seabirds, shorebirds, and marine wildlife

Howland Island People

Population: uninhabited

note: American civilians evacuated in 1942 after Japanese air and naval attacks during World War II; occupied by US military during World War II, but abandoned after the war; public entry is by special-use permit from US Fish and Wildlife Service only and generally restricted to scientists and educators; visited annually by US Fish and Wildlife Service (July 2001 est.)

Howland Island Government

Country name: conventional long form: none

conventional short form: Howland Island

Dependency status: unincorporated territory of the US; administered from Washington, DC, by the Fish and Wildlife Service of the US Department of the Interior as part of the National Wildlife Refuge system

Legal system: the laws of the US, where applicable, apply

Flag description: the flag of the US is used

Howland Island Economy

Economy - overview: no economic activity

Howland Island Transportation

Waterways: none

Ports and harbors: none; offshore anchorage only; note - there is one small boat landing area along the middle of the west coast

Airports: airstrip constructed in 1937 for scheduled refueling stop on the round-the-world flight of Amelia EARHART and Fred NOONAN - they left Lae, New Guinea, for Howland Island, but were never seen again; the airstrip is no longer serviceable (2000 est.)

Transportation - note: Earhart Light is a day beacon near the middle of the west coast that was partially destroyed during World War II, but has since been rebuilt; named in memory of famed aviatrix Amelia EARHART

Howland Island Military

Military - note: defense is the responsibility of the US; visited annually by the US Coast Guard

Howland Island Transnational Issues

Disputes - international: none

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@Hungary

Hungary Introduction

Background: 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. In the more open GORBACHEV years, Hungary led the movement to dissolve the Warsaw Pact and steadily shifted toward multiparty democracy and a market-oriented economy. Following the collapse of the USSR in 1991, Hungary developed close political and economic ties to Western Europe. It joined NATO in 1999 and is a frontrunner in a future expansion of the EU.

Hungary Geography

Location: Central Europe, northwest of Romania

Geographic coordinates: 47 00 N, 20 00 E

Map references: Europe

Area: total: 93,030 sq km

land: 92,340 sq km

water: 690 sq km

Area - comparative: slightly smaller than Indiana

Land boundaries: total: 2,009 km

border countries: Austria 366 km, Croatia 329 km, Romania 443 km, Yugoslavia 151 km, Slovakia 515 km, Slovenia 102 km, Ukraine 103 km

Coastline: 0 km (landlocked)

Maritime claims: none (landlocked)

Climate: temperate; cold, cloudy, humid winters; warm summers

Terrain: mostly flat to rolling plains; hills and low mountains on the Slovakian border

Elevation extremes: lowest point: Tisza River 78 m

highest point: Kekes 1,014 m

Natural resources: bauxite, coal, natural gas, fertile soils, arable land

Land use: arable land: 51%

permanent crops: 3.6%

permanent pastures: 12.4%

forests and woodland: 19%

other: 14% (1999)

Irrigated land: 2,060 sq km (1993 est.)

Environment - current issues: the approximation of Hungary's standards in waste management, energy efficiency, and air, soil, and water pollution with environmental requirements for EU accession will require large investments

Environment - international agreements: party to: Air Pollution,

Air Pollution-Nitrogen Oxides, Air Pollution-Sulphur 85, Air

Pollution-Volatile Organic Compounds, Antarctic Treaty,

Biodiversity, Climate Change, Desertification, Endangered Species,

Environmental Modification, Hazardous Wastes, Marine Dumping,

Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Wetlands

signed, but not ratified: Air Pollution-Persistent Organic Pollutants, Air Pollution-Sulphur 94, Antarctic-Environmental Protocol, Law of the Sea

Geography - note: landlocked; strategic location astride main land routes between Western Europe and Balkan Peninsula as well as between Ukraine and Mediterranean basin

Hungary People

Population: 10,106,017 (July 2001 est.)

Age structure: 0–14 years: 16.63% (male 862,468; female 818,052)

15–64 years: 68.66% (male 3,406,717; female 3,532,008)

65 years and over: 14.71% (male 546,992; female 939,780) (2001 est.)

Population growth rate: −0.32% (2001 est.)

Birth rate: 9.32 births/1,000 population (2001 est.)

Death rate: 13.21 deaths/1,000 population (2001 est.)

Net migration rate: 0.74 migrant(s)/1,000 population (2001 est.)

Sex ratio: at birth: 1.07 male(s)/female

under 15 years: 1.05 male(s)/female

15–64 years: 0.96 male(s)/female

65 years and over: 0.58 male(s)/female

total population: 0.91 male(s)/female (2001 est.)

Infant mortality rate: 8.96 deaths/1,000 live births (2001 est.)

Life expectancy at birth: total population: 71.63 years

male: 67.28 years

female: 76.3 years (2001 est.)

Total fertility rate: 1.25 children born/woman (2001 est.)

HIV/AIDS - adult prevalence rate: 0.05% (1999 est.)

HIV/AIDS - people living with HIV/AIDS: 2,500 (1999 est.)

HIV/AIDS - deaths: less than 100 (1999 est.)

Nationality: noun: Hungarian(s)

adjective: Hungarian

Ethnic groups: Hungarian 89.9%, Roma 4%, German 2.6%, Serb 2%,

Slovak 0.8%, Romanian 0.7%

Religions: Roman Catholic 67.5%, Calvinist 20%, Lutheran 5%, atheist and other 7.5%

Languages: Hungarian 98.2%, other 1.8%

Literacy: definition: age 15 and over can read and write

total population: 99%

male: 99%

female: 98% (1980 est.)

Hungary Government

Country name: conventional long form: Republic of Hungary

conventional short form: Hungary

local long form: Magyar Koztarsasag

local short form: Magyarorszag

Government type: parliamentary democracy

Capital: Budapest

Administrative divisions: 19 counties (megyek, singular - megye), 20

urban counties* (singular - megyei varos), and 1 capital city**

(fovaros); Bacs-Kiskun, Baranya, Bekes, Bekescsaba*,

Borsod-Abauj-Zemplen, Budapest**, Csongrad, Debrecen*, Dunaujvaros*,

Eger*, Fejer, Gyor*, Gyor-Moson-Sopron, Hajdu-Bihar, Heves,

Hodmezovasarhely*, Jasz-Nagykun-Szolnok, Kaposvar*, Kecskemet*,

Komarom-Esztergom, Miskolc*, Nagykanizsa*, Nograd, Nyiregyhaza*,

Pecs*, Pest, Somogy, Sopron*, Szabolcs-Szatmar-Bereg, Szeged*,

Szekesfehervar*, Szolnok*, Szombathely*, Tatabanya*, Tolna, Vas,

Veszprem, Veszprem*, Zala, Zalaegerszeg*

Independence: 1001 (unification by King Stephen I)

National holiday: St. Stephen's Day, 20 August

Constitution: 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

Legal system: rule of law based on Western model

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

The 2001 CIA World Factbook

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