Hungarians’ Spending On Recreation, Culture Relatively Low

  • 14 Jan 2019 11:06 AM
  • Budapest Business Journal
Hungarians’ Spending On Recreation, Culture Relatively Low
Spending on recreation and culture accounts for about 7.2% of the total expenditure of Hungarian households, a relatively low level compared to other countries in the region, data compiled by EU statistical body Eurostat shows.

In 2007, Hungarians spent 8.2% of their total household expenditure on recreation and culture, meaning that the categoryʼs share decreased by a whole percent over the course of a decade.

On average, households in the European Union (EU) spent 8.5% of their total consumption expenditure on recreation and culture, representing a total expenditure of over EUR 710 billion, equivalent to 4.6% of EU GDP or EUR 1,400 per EU inhabitant.

The data, from 2017, shows the rate of household spending on recreation and culture stood at 9% in Czech Republic, 8% in Poland and 10.4% in Slovakia.

The rate in Romania was 5.8%, according to the provisional data of Eurostat. The lowest rate (4.6%) was registered in Greece, while the highest (11.5%) was recorded in Denmark.

Chart by Eurostat

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Budapest Business Journal

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.

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