Environmental protection expenditure below EU average

EU

Eurostat

The ratio of government environmental protection expenditure to GDP stood at 0.4% in Hungary in 2018, well below the EU average, according to data by statistical agency Eurostat.

Chart by Eurostat

In 2018, member states spent almost EUR 106 billion of government expenditure on environmental protection, representing 1.7% of total government expenditure. This is equivalent to 0.8% of GDP, Eurostat says.

The lowest share of environmental protection expenditure was registered in Finland (0.2%), followed by Cyprus and Lithuania (0.3%). The share stood at 0.4% in Austria, Denmark, Ireland, and Hungary.

The highest share was reported in the Netherlands (1.4%), followed by Belgium and Greece (1.3%), and Malta (1.2%).

Overall, in the EU, general government expenditure on environmental protection as a percentage of GDP remained stable since 2001, the agency says.

ADVERTISEMENT

Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga Analysis

Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

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.