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Dec 19, 2019

Hungary's per capita consumption nears EU average

KSH has revealed that Hungarians’ level of consumption per capita continued to move closer to the European Union average last year.

The Central Statistical Office (KSH) has revealed that Hungarians’ level of consumption per capita continued to move closer to the European Union average last year.

Citing fresh data from Eurostat, Hungary’s actual individual consumption per capita (AIC), at purchasing power parity, stood at 64 percent of the EU average in 2018, up from 63 percent in 2017 and 62 percent in 2016.

According to MTI, Hungary’s AIC was lower than the rates for the Czech Republic (82 percent), Poland (76 percent) and Slovakia (73 percent) last year.

Hungary’s GDP per capita reached 71 percent of the EU average last year, up from 68 percent in both 2017 and 2016. The comparable rate was 91 percent for the Czech Republic, 70 percent for Poland and 73 percent for Slovakia.