ADVERTISEMENT

Fewer, but still many, Hungarians leave country in 2016

Tourism

A total of 29,400 Hungarian citizens moved abroad last year, a 10% drop compared to the preceding year, while 17,000 Hungarians returned to the country from abroad, according to the latest figures from the Central Statistical Office (KSH), as reported by Hungarian online news daily Világgazdaság.

The statistics office records the numbers of Hungarians moving abroad based on reports, which means that the actual numbers are higher, Világgazdaság noted.

The majority of Hungarians leaving the country are from the younger generation, as 45% are under the age of 30, while almost three-quarters are below the age of 40. Világgazdaság noted that the age of people leaving the country is “well below” the average age in Hungary.

Last year, Hungarians living and working abroad for more than one year sent home approximately EUR 3 billion, an annual figure which has tripled since 2011.

Világgazdaság noted that due to both emigration and the death rate continuing to surpass live births, Hungary’s population is on a natural decrease.

According to the most recent figures from the KSH, Hungary’s natural decrease rose sharply in January, due to slightly fewer births and the mortality rate rising sharply.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.