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Central Statistical Office

Number of New Apartments Built Decreases in Hungary

According to recently released data by the Central Statistical Office (KSH), 29 per cent fewer new apartments were built in Hungary in 2024 than in the year prior. The total number of new apartments built was 13,295 in the country…

Hungary’s GDP Grows by 0.5 Per Cent in Q4 2024, Ending Recession

After two consecutive quarters of contraction, Hungary’s gross domestic product grew by 0.5 per cent in the last quarter of 2024. Compared to the data from a year ago, the growth was 0.4 per cent, better than originally expected by…
Worker (illustration, Pixabay)

Hungary’s Employment Rate Remains High as Government Implements Historic Wage Agreement

Hungary’s employment remains at a stable 4.7 million in October 2024, reflecting a year of consistent growth. According to State Secretary Sándor Czomba, the government’s proactive policies, including a historic wage agreement, continue to bolster the labour market….

Hungarian Tourism Sees 20 per cent Revenue Increase in September

In September, Hungary’s tourism sector saw continued growth, with nearly 1.5 million guests spending 3.6 million nights across the country, a rise from the previous year. Driven by a 5.8 per cent increase in international visitors, tourism revenue surged by…

Inflation Remains Low in August, in Line with Market Expectations

According to the Hungarian minister for national economy the disinflation of food prices is driven by a significant decline in agricultural producer prices, suggesting that prices for certain food products may continue to fall in the coming months, further boosting…

Minister of National Economy Highlights Successful Anti-Inflation Strategies

The minister highlighted that low inflation has triggered a positive chain reaction in the national economy, with its beneficial effects increasingly felt by Hungarian families and businesses….

Hungary April Industrial Output Up by 6.4 Per Cent Year on Year

Hungary’s industrial output grew by 6.4 per cent year-on-year in April, the Hungarian Central Statistical Office (KSH) announced. However, adjusted to working days, the data actually shows a 2.4 per cent decline. In their statement the Ministry for National Economy…

Analysis Timed for Day of Hungarian Culture Finds Cultural Institutions and Publishing Weathered the Pandemic Storm

The Oeconomus Economic Research Foundation released an analysis regarding publishing and cultural institutions recovering after the pandemic on the occasion of the Day of Hungarian Culture….
Buda Castle Hill Danube Chain Bridge St. Stephen Parliament

Nearly 100,000 Foreigners Live in Budapest, Central Statistical Office Reveals

The largest national minority living in the capital city is the Chinese; while the outbreak of the Russo-Ukrainian war led to the Ukrainians becoming the second largest minority in Budapest….

Taking the Fight to Inflation: Online Price Monitoring System Comes Into Effect Soon

The price monitoring system will come into effect on 1 July, and is expected to contribute to pushing inflation back to single digits….

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