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WEEKLY NEWSLETTER
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Hungary
Index
Industry overtook agriculture in the postwar era to
become
the predominant economic sector. In 1986 industry
accounted for
50.7 percent of gross output; agriculture and forestry,
18.2
percent; nonmaterial branches (generally services), 11.3
percent;
construction, 6.3 percent; transportation, post, and
telecommunications, 5.6 percent; trade, 6.1 percent; and
water
works supply, 1 percent (see
table 6, Appendix). Industry
has
taken up the most of the investment funds since the early
1960s,
followed by consumer goods and services (the nonmaterial
branches), agriculture, and transportation and
communication (see
table 7, Appendix). Despite a growing private sector,
state-owned
enterprises dominated the economy. According to official
statistics, state-owned enterprises produced 63.4 percent
of
national income in 1986; the cooperative sector produced
23
percent; auxiliary farms of private individuals, 6.6
percent; and
the private sector, 7 percent (see
table 8, Appendix).
Economists
estimated that the extralegal "third economy" also made up
a
significant portion of the country's economic life.
Data as of September 1989
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