One in five Hungarians cannot afford a car

EU

Eurostat

According to research by Eurostat, the European Commissionʼs statistical agency, 20.1% of Hungarians cannot afford a car, making the country the third worst member state of the European Union in this regard, ahead of only Romania (29.8%) and Bulgaria (20.6%).

(Table by Eurostat)

The EU average for citizens unable to afford a car is 7%.

Among Visegrád Four countries, the Hungarians trail the Czechs and the Poles clearly, with both countries performing exactly at the EU average, while only about 11% of Slovaks cannot afford a car.

The three EU countries that fare best in this regard are Malta (1.7%), Cyprus (1.7%), and Luxembourg (2.2%).

ADVERTISEMENT

Sharp Rise in Energy Costs Putting Strain on Competitiveness Analysis

Sharp Rise in Energy Costs Putting Strain on Competitiveness

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim... City

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim...

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.