11.1% of Households In Hungary Unable To Pay Utility Bills On Time

  • 23 Jan 2020 7:41 AM
  • Budapest Business Journal
11.1% of Households In Hungary Unable To Pay Utility Bills On Time
Some 11.1% of households in Hungary were unable to pay their utility bills on time in 2018, well above the European Union average of 6.6%, according to a recently released report by statistical agency Eurostat.

Still, a number of countries had a higher share of households late on utility bills. In Greece, some 35.6% of households were unable to pay their bills on time. In Bulgaria, the rate stood at 30.1%, while in Croatia 17.5% of households faced the same problem.

On the other hand, few households had difficulties in paying on time in the Netherlands, the Czech Republic, Sweden, and Austria (all had a share below 2.5%).

Eurostat says that the share of households unable to pay utility bills on time has fallen steadily in the EU as a whole, from more than 10% in 2013.

Below 14% of households in member states consisting of a single adult with dependent children faced such difficulties in 2018, compared to less than 3% of households consisting of two adults (with at least one of them 65 years or older). Among households with two or three adults and dependent children, the share was around 11%.

MTI Photo: Kovács Attila / 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.