The solvency of the population decreased the most in Western and Central Hungary

By: Trademagazin Date: 2023. 05. 09. 11:52

Since last year, the solvency of families has decreased the most in Western Transdanubia, according to research by Intrum and GKI: solvency in the region fell by 58 percent in one year. The national average earnings are largely driven up by wages in central Hungary, while the earnings of all other regions fall short of the national average.

The population of the Hungarian regions is affected differently by the weakening of the economy: as in the past, the population of the more developed regions feels the current economic turn, while the ability to pay of families decreases less in the lower income regions.

The national analysis of the claims management company Intrum and GKI Gazdaságkutató Zrt. reveals that the financial situation of Hungarian families has significantly deteriorated compared to the first quarter of 2022. The Intrum Solvency Index (IFI) averaged 6.51 points in the first three months of 2023 – in the same period last year this value (calculated on the basis of inflation, employment, incomes and similar data) was still 45.24 points .