Gap between GNI and GDP widens in Hungary
The gap between Hungary's gross national income (GNI) and the GDP widened to more than 7% in 2006 from 6% in both 2005 and 2004 mainly due to increasing outflow in the balance of capital incomes, according to a Central Statistical Office (KSH).
The KSH study said Hungary's gross budget debt was 66% of the GDP in 2007, compared to an average of 58.7% in the 27 EU countries. Average state debt in countries in the euro-zone was 66.3% of the GDP in 2007.
Consumer prices increased 7.9% in Hungary during 2007 and 24% between 2004 and 2007, while energy prices rose 60% between 2004 and 2007, the study showed. Food prices increased about 33%, while prices of consumer durables underwent a steady decrease since 2003, the study showed. (MTI – Econews)
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