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Industrial Development - Coggle Diagram
Industrial Development
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Seven Year Plan
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Ambitious targets included 200% increases for manufacture of consumer goods. Led to Ulbricht's assertion that the GDR economy would surpass the FRG's in a few years.
There was an increase in production of consumer goods, by the impact of the plan on living standards was undermined by attempts to increase worker productivity by 85%
Statistics
Coal: 1950 - 2,800; 1955 target - 3,500; 1955 - 2700
Lignite (brown coal): 1950 - 137,000; 1955 target - 205,000; 1955 - 201,000
Iron: 1950 - 340; 1955 target - 1,250; 1955 - 1,500
Cement: 1950 - 1,400; 1955 target - 2,600; 1955 - 3,000
Steel: 1950 - 1,000; 1955 target - 3,000; 1955 - 2,500
Electricity: 1950 - 19,000; 1955 target - 32,000; 1955 - 29,000