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Hungary Net Household Income per Capita up 17% in 2022

Figures

Annual net income per capita of households in Hungary rose 16.9% to HUF 2,245,000 in 2022, news agency MTI reports, citing data released by the Central Statistical Office (KSH).

Annual consumption expenditures per capita of households increased 15.6% to HUF 1,715,000.

Households' basic expenditure ratio - showing spending on food and non-alcoholic beverages, housing, household energy, and transport - stood at 55.7%.

Income from work accounted for 75% of gross household income. Social income, such as family allowances, unemployment benefits, and pensions, made up 22.6%, and other income accounted for 2.4%.

Old-age pensions accounted for close to 80% of social income.

Annual net income per capita for the lowest quintile of households stood at HUF 925,700 in 2022. For the top quintile, it reached HUF 4,298,100.

The proportion of the income of the highest quintile of households compared with the lowest quintile was 4.5, up from 4 in 2021. Hungary's Gini coefficient, which shows the extent of income distribution, was 29%, up from 27.4% a year earlier.

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