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)
ADVERTISEMENT
MNB Sees Broadening Disinflationary Impact Till Year-end
Advance Payments for Rural Developments Starting in Oct
Lego Invests HUF 54 bln in Expansion in Hungary
'Creating CEElicon' Valley in Focus of HVCA Investment Confe...
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.
