Hungarian Householdsʼ Material Welfare Trails Regional Peers

  • 24 Jun 2018 10:40 AM
  • Budapest Business Journal
Hungarian Householdsʼ Material Welfare Trails Regional Peers
Hungaryʼs Actual Individual Consumption (AIC), a measure of the material welfare of households, was 63% of the European Union average last year, at purchasing power parity, shows a report released Tuesday by Eurostat, the EUʼs statistics office.

Among other countries of the CEE region, Lithuania had the highest AIC index, at 88% of the EU average, followed by the Czech Republic (80%), Slovenia (77%), Poland and Slovakia (both 76%), Estonia (72%), Latvia (70%), and Romania (68%). Below Hungary were Croatia (61%) and Bulgaria (55%).

Compared to the previous report, in 2016, the Hungarian AIC remained unchanged. Romania, however, registered a big increase, from 61% of the average in 2016 (then below Hungary) to 68%, now well ahead of Hungary.

Hungaryʼs GDP per capita, also at purchasing power parity, stood at 68% of the EU average, according to the report.

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Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.