Resource productivity level below EU avg


Image by Pixabay

In 2019, the level of resource productivity stood at 0.8492 EUR/kg in Hungary, well below the EU average of EUR 2.1974/kg, according to data published by statistical agency Eurostat.

The level of resource productivity varied greatly between member states: from EUR 0.4/kg in Bulgaria and Romania to EUR 5.3/kg in the Netherlands in 2019.

After accounting for price differences, the Netherlands remains the EU Member States with the highest resource productivity (4.5 purchasing power standards (PPS) per kg), followed by Italy (3.7), Luxembourg (3.5), and Belgium (3.4).

At the opposite end of the spectrum, four EU members registered resource productivity below 1.00 - Bulgaria and Romania (both 0.8 PPS/kg) and Estonia (0.9). Resource productivity expressed in PPS/kg stood at 1.3 in Hungary.

The differences in resource productivity can be explained by a country's natural resources, the diversity of its industrial activities, the role played by its services sector and its construction activities, the scale, and patterns of its consumption, and its various energy sources, Eurostat notes.

Resource productivity quantifies the relationship between the size of the economy and the use of natural resources. The value of resource productivity increases when the economy, measured by GDP, grows at a faster rate than the consumption of raw materials, measured by domestic material consumption (DMC).

Paks II Work 'Rumbling Ahead,' Says Szijjártó Power

Paks II Work 'Rumbling Ahead,' Says Szijjártó

Hungary Solar Capacity Climbs Over 6,700 MW Government

Hungary Solar Capacity Climbs Over 6,700 MW

New Tenants at Academia Offices Office Market

New Tenants at Academia Offices

Visitor Numbers, Guest Nights Climb in H1 Tourism

Visitor Numbers, Guest Nights Climb in H1


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.