The number of companies and partnerships continued to fall in 2017, as in previous years. Their number declined by 2.0% during the year to 529,608. Of these, the number of companies fell from 527,791 to 516,989.
In contrast, the number of individual entrepreneurs grew by 2.9% to 1,189,000, with the pace of growth minimally up from 2016. Private entrepreneurs made up 38% of the total and licensed small-scale farmers 21.6%.
Of the registered entrepreneurs, 54% were full-time workers, 39% part-time workers, and 7% pensioners. The number of full and part-time workers rose during the year, while the number of pensioners registered as entrepreneurs declined, continuing the trend of previous years.
A regional breakdown of data shows that more than 40% of companies and partnerships were registered in Budapest, while other regions were home to between 6.1% and 15.7% of all companies.
The distribution of entrepreneurs was more even, as 19% were registered in the Northern Great Plain region, while the share of other regions ranged between 9.3% and 16.3%.
The KSH found that of the total 1,719,000 enterprises, 27% were active in agriculture, 13% in the real estate sector, 11% in trade, and 11% in legal, accounting, tax consulting and engineering services.
Together with 12,704 budgetary units and entities, 130,305 non-profit institutions, and 7,805 other organizations in addition to the 1,719,000 enterprises, the total number of economic organizations in Hungary stood at 1,870,000 at the end of last year.
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