Industryʼs economic weight in Hungary among highest in EU
Industry accounted for 27.8% of gross value added (GVA) in Hungary last year, among the highest rates in the European Union, data compiled by the EUʼs statistical office Eurostat show, Hungarian news agency MTI reported yesterday.
Only the rates in the Czech Republic (32.1%) and Ireland (39.1%) were higher among member states, although Eurostat noted that the picture for Ireland is skewed because of the relocation of a limited number of big economic operators to the country. The rates in neighboring countries are close to Hungaryʼs: 27.3% in Slovenia, 27.0% in Slovakia, 26.4% in Romania and 26.3% in Poland.
The Eurostat data show people working in industry in Hungary accounted for 19.8% of the total number of employed.
Those employed in public administration, defense, education, healthcare and social services accounted for 22.8% of the total employed, but generated just 17.3% of GVA.
Gross value added is output minus intermediate consumption. It usually accounts for more than 90% of GDP.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
