Share of govʼt expenditure on sports highest in EU

EU

Eurostat

In 2018, the share of government recreation and sports spending to total expenditure stood at 2.1% in Hungary, the highest rate in the entire European Union, according to data published by statistical agency Eurostat.

Chart by Eurostat

The second-highest share was measured in Estonia (1.3%), followed by Luxembourg and the Czech Republic (both 1.2%). 

At the other end of the spectrum, Bulgaria, Ireland, and Malta spent only 0.4% of total government expenditure on recreation and sports, the lowest rate measured in the EU.

In 2018, the EUʼs 27 Member States spent EUR 50.7 billion of government expenditure on recreation and sports.

Overall in the EU, general government expenditure on recreation and sport has remained relatively stable as a percentage of total expenditure since the beginning of the time series in 2001, Eurostat notes, adding that in recent years, however, slight increases in the shares of total expenditure were visible.

Serbia Inflation Close to 3-year Low in May Figures

Serbia Inflation Close to 3-year Low in May

Karácsony Calls for Budapest Mayoral Election Repeat Elections

Karácsony Calls for Budapest Mayoral Election Repeat

2 Major Ground Handlers at Budapest Airport Join Forces Transport

2 Major Ground Handlers at Budapest Airport Join Forces

Summer Camp Prices Have Increased 10-15% Tourism

Summer Camp Prices Have Increased 10-15%

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.