• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
dnh_logo_feher2dnh_logo_feher2dnh_logo_feher2dnh_logo_feher2
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
Support us
Hetzmann Mercédesz Hetzmann Mercédesz · 13/03/2023
· Society

Eurostat: Budapest’s living standards overtake Vienna’s

Austria Budapest European Union Hungary Spain

According to recent Eurostat figures, the Hungarian capital is ahead of the Austrian one in terms of living standards. However, Warsaw is ahead of us when it comes to the quality of life of citizens.

New Eurostat data released on living standards

Every year, Eurostat, a Directorate-General of the European Commission, publishes detailed economic data to compare living standards in different EU regions. The latest figures, showing the second year of COVID, 2021, have just been released, novekedes.hu reports.

Budapest has a huge dominance in the Hungarian economy. The situation in this respect has remained unchanged for almost a hundred years, novekedes.hu writes. The gap between the capital and the countryside is widening. This is regularly reflected in Eurostat’s annual reports.

Eurostat also converts GDP data into a fictitious currency called PPS (Purchasing Power Standard). This is necessary because there are often large price differences between countries. Novekedes.hu mentions the differences between a McDonald’s menu or a brake change in Germany and in Bulgaria.

  • Read also: New York Times: Hungary-USA nuclear deal underway? What will Putin say?

Budapest is ahead of Vienna, Berlin and Madrid

In terms of PPS, Budapest has been ahead of cities like Vienna, Berlin and Madrid for years now. We are not the only ones doing so well. Cities in Central and Eastern Europe are also performing quite nicely. So much so that Prague is at the top of the rankings, not far behind Luxembourg, Brussels and Dublin. In our region, economies are typically capital-centric. Rural regions are generally disconnected. In contrast, people in Germany, for example, live above the EU average in almost all regions.

  • Read also: Budapest will become the only EU hub from where you can travel to Russia

Rural figures are worse

A new improvement compared to last year is that Budapest has now overtaken Bratislava. The rural figures are less flattering for our country though. Although some rural regions are now less behind the EU average than a year earlier, the gap is still wide. At EU level, the negative top list is dominated mainly by the Bulgarian regions, novekedes.hu concludes.

Ryanair flight Budapest
Read alsoNew flight opened: London comes closer to Hungary

Source: novekedes.hu, ec.europa.eu

Austria Budapest European Union Hungary Spain
Share

Related posts

romanian football fans brawl
28/03/2023

VIDEO: Romanian fans curse Hungarians, then beat each other up


Read more
Train line 60 as known as rack railway in Budapest
28/03/2023

The rack railway in Budapest will be back in operation!


Read more
28/03/2023

Largest ever motorway upgrade begins in Hungary!


Read more
Hungary storm forecast meteorological service
28/03/2023

PHOTOS: Strong winds uproot trees, damage power lines across Hungary


Read more

4 Comments

  1. Joe Smith says:
    13/03/2023 at 18:29

    This is 2023, not 2021, which is what this report is based on. I think the numbers will be very different for 2022 and 2023, and not in a good way for Budapest.

  2. P Zétény says:
    13/03/2023 at 23:36

    I think Budapest is one of the best cities right now in Europe. I just got home from Dublin and the homeless situation is by far worse there, the people are generally more depressed than in Budapest.

  3. Martin says:
    15/03/2023 at 07:46

    I compare Budapest with Paris.

  4. Nic says:
    15/03/2023 at 14:20

    Budapest is a beautiful city, but management more similar to Allie Saint Petersburg than western Europe.

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Must read

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.


About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
Daily News Hungary
Manage Cookie Consent
Like all websites, Daily News Hungary uses cookies to provide you with a more pleasant experience when you visit our Website. Because we are committed to keeping your information secure, this Notice explains exactly what cookies we use, for what purposes, under what conditions and for how long.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}