Hungaryʼs consumption per capita 3rd lowest in EU

EU

Hungary had the third-lowest Actual Individual Consumption (AIC) per capita in the European Union in 2019, according to a preliminary estimate by statistical agency Eurostat.

Hungaryʼs AIC per capita, expressed in Purchasing Power Standards (PPS), stood at 67% of the EU average last year. The rate stood at 66% in Croatia, and 59% in Bulgaria.

On the other end of the spectrum, the highest level was recorded in Luxembourg, 35% higher than the average. Germany was around 23% above, followed by Austria, Denmark, Belgium, the Netherlands, Finland, Sweden, and France, all between 5% and 20% above the average of EU member states.

According to Eurostat, Hungaryʼs GDP per capita stood at 73% of the EU average in 2019. Bulgaria (53%), Croatia (65%), Greece (68%), Latvia (69%), and Romania (69%) all had a lower GDP per capita than Hungary. 

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.