GfK: In Hungary, the average purchasing power per capita increased by 24%

By: Trademagazin Date: 2023. 10. 25. 16:45

In Hungary, the average purchasing power per capita increased by a strong 24% to 10,834 euros, which corresponds to 61 percent of the European average. This puts us in 29th place in the European comparison this year.

In 2023, Europeans will have a total of around 12.1 trillion euros at their disposal, which they can spend on food, housing, services, energy costs, private pensions, insurance, holidays, mobility or any other consumer goods and services. This corresponds to an average purchasing power of 17,688 euros per person, which represents a nominal increase of 5.8 percent compared to the previous year’s value. However, the actual amounts that can be spent vary greatly from country to country, and in 2023 it will be affected by inflation even more than before.

As in previous years, in 2023, Liechtenstein is at the top of the purchasing power ranking, with a clear advantage. The per capita purchasing power of the Liechtenstein population is 68,843 euros, which is almost 3.9 times the European average. Switzerland is in second place, and Luxembourg is in third place. While the per capita purchasing power of the Swiss at 49,592 euros is 2.8 times the European average, the per capita net disposable income of the Luxembourgers is 40,931 euros. This is more than 2.3 times the European average.