Hungarian consumption falls short of even that of Romania
Hungary is well below the EU average, with Hungarian household consumption reaching 72 percent of the EU average.
Hungarians are closing the gap, but it is not enough
In the past year, Hungarian household consumption has risen by 2 percent compared to the EU average, reaching 70 percent of the EU average in 2021 and 72 percent in 2022, Eurostat data show.
However, it is still the second worst in the European Union, with only the Bulgarians doing worse.
Comparison Hungary
Hungarian consumption is similar to that of Slovakia, although experts have been disputing the credibility of the Slovak data for years, as other data do not support Slovakia’s poor performance.
Croatia stands at 75 percent, while Greece is at the bottom of the list with 78 percent. Perhaps somewhat surprisingly, Romania reaches 88 percent of the EU average. In recent years, Romania has already overtaken Hungary and even the other V4 countries in per capita consumption.
This year, the Hungarian indicator has improved by two percentage points, which, if maintained in the coming years, would take 14 years to reach the EU average, napi.hu reports.
Not surprising, considering that, due to our continuing European Union beating inflation figures, effective wages of everyone are declining by the day … https://ec.europa.eu/eurostat/documents/2995521/16668127/2-17052023-AP-EN.pdf