HCSO Monitor - EU-wide comparison
RELEASE DATE: 13 Feb 2025
The economic performance increased by 1.1% in the European Union and by 0.2% in Hungary in Quarter 4 of 2024
Created with Highcharts 8.2.2 % Chart menu GDP volume change in EU member countries, Quarter 4 2024* (compared to same period of previous year, according to seasonally and calendar adjusted data) * No data were available for Bulgaria, Cyprus, Denmark, Finland, Greece, the Netherlands, Croatia, Poland, Latvia, Luxembourg, Malta, Romania, Slovakia and Slovenia. Source: Eurostat. Download date: 10 February 2025. Lithuania Spain Portugal Ireland Czechia Sweden Belgium EU27_2020 Euro area France Italy Hungary Estonia Austria Germany −1 0 1 2 3 4
Last update: 02/13/2025
According to available data the volume of gross fixed capital formation rose in 7 EU member states and decreased in 20, including Hungary, in the 3rd quarter of 2024
Created with Highcharts 8.2.2 % Chart menu Change in volume of gross fixed capital formation in EU member states, Quarter 3 2024* (compared to the same period of the previous year, according to seasonally and calendar adjusted data) * Gross fixed capital formation includes, besides investments in new tangible assets, other components (e.g. R&D, tangible assets purchased through financial leasing constructions), too. Source: Eurostat. Download date: 10 February 2025. Ireland Croatia Malta Portugal Spain Poland Greece Netherlands Romania Czechia Italy Austria Sweden Euro area EU27_2020 Bulgaria France Belgium Germany Luxembourg Denmark Lithuania Latvia Finland Cyprus Slovenia Slovakia Hungary Estonia −18 −16 −14 −12 −10 −8 −6 −4 −2 0 2 4 6 8 10 12 14 16
Last update: 02/13/2025
In December 2024, the sales volume of retail trade grew by 2.0% in the EU and by 0.1% in Hungary compared with a year earlier
Created with Highcharts 8.2.2 % Chart menu Change in the volume of retail trade turnover in the EU member states, December 2024* (compared to the same period of the previous year, based on calendar adjusted data) * Data for Greece were not available. Source: Eurostat. Download date: 10 February 2025. Slovakia Lithuania Luxembourg Bulgaria Croatia Czechia Romania Portugal Cyprus Sweden Malta Spain Latvia Austria Ireland Finland EU27_2020 Germany Euro area France Italy Estonia Denmark Netherlands Hungary Poland Belgium Slovenia −4 −3 −2 −1 0 1 2 3 4 5 6 7 8 9 10 11
Last update: 02/13/2025
The rate of increase in prices was 2.7% on average in the European Union and 4.8% in Hungary in December 2024
Created with Highcharts 8.2.2 % Chart menu Change in consumer prices, in EU member countries, December 2024* (compared to same month of previous year) * According to harmonised index of consumer prices (HICP). Source: Eurostat. Download date: 17 January 2025. Romania Hungary Croatia Belgium Estonia Netherlands Poland Latvia Czechia Slovakia Cyprus Portugal Greece Germany Spain EU27_2020 Euro area Bulgaria Austria Slovenia Lithuania Denmark France Malta Luxembourg Finland Sweden Italy Ireland 0 1 2 3 4 5 6
Last update: 01/23/2025
The volume of industrial production decreased in November 2024 by 1.7% in the European Union and by 2.7% in Hungary compared to a year earlier
Created with Highcharts 8.2.2 % Chart menu Change in the volume of industrial production in the EU member states, November 2024 (compared to the same period of the previous year, based on calendar adjusted data) Source: Eurostat. Download date: 10 February 2025. Malta Belgium Lithuania Greece Finland Bulgaria Netherlands Denmark Poland Sweden Slovakia Estonia Slovenia Spain France Romania Italy EU27_2020 Euro area Portugal Czechia Hungary Cyprus Germany Luxembourg Latvia Austria Ireland Croatia −8 −7 −6 −5 −4 −3 −2 −1 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Last update: 02/13/2025
Domestic construction output was 1.7% lower in November 2024 than a year earlier. Among the V4 countries construction output volume increased by 2.5% in Czechia, while lessened by 0.2% in Slovakia and by 5.4% in Poland
Created with Highcharts 8.2.2 % Chart menu Change in the volume of construction output in the EU member states, November 2024* (compared to the same period of the previous year, based on calendar adjusted data) * Data for Cyprus, Estonia, Greece, Ireland, Latvia, Lithuania and Malta were not available. Source: Eurostat. Download date: 10 February 2025. Croatia Spain Bulgaria Belgium Austria Italy Netherlands Czechia Portugal Denmark Finland Euro area Sweden EU27_2020 Slovakia Luxembourg Hungary Germany France Slovenia Poland Romania −10 −5 0 5 10 15 20
Last update: 02/13/2025
The value of export of goods decreased in the majority of the EU member states – including Hungary – in November 2024, year-on-year
Created with Highcharts 8.2.2 % Chart menu Change in the EUR value of the export of goods in the EU member states, November 2024 (compared to the same period of the previous year) Source: Eurostat. Download date: 16 January 2025. Cyprus Finland Latvia Austria Spain Belgium Lithuania Germany Greece Poland France Sweden Bulgaria Luxembourg Croatia Hungary Italy Portugal Netherlands Malta Romania Czechia Slovenia Slovakia Estonia Denmark Ireland −55 −50 −45 −40 −35 −30 −25 −20 −15 −10 −5 0 5 10 15 20 25 30 35
Last update: 01/23/2025
In Q3 of 2024, employment levels improved in the majority of EU countries compared with a year earlier. Hungary is ranked ninth in the EU with the same indicator as Ireland and second in the V4
Created with Highcharts 8.2.2 % Chart menu Employment rate of 15-64 year olds in the EU member states, Quarter 3 2024 (seasonally unadjusted data) Source: Eurostat. Data downloaded on 13 December 2024. Netherlands Malta Sweden Germany Denmark Cyprus Estonia Czechia Ireland Hungary Austria Lithuania Portugal Finland Poland Slovenia Slovakia Bulgaria Latvia EU27_2020 France Luxembourg Croatia Belgium Spain Greece Romania Italy 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90
Last update: 12/19/2024
In December 2024, Hungary had an unemployment rate of 4.3%, the eighth lowest in the EU
Created with Highcharts 8.2.2 % Chart menu Unemployment rate of 15–74-year-olds in EU member states (seasonally unadjusted data) Source: Eurostat. Data downloaded on 30 January 2025. December 2024 December 2023 Spain Greece Finland France Sweden Estonia Lithuania Denmark Latvia Portugal Luxembourg Italy EU27_2020 Belgium Romania Austria Slovakia Slovenia Cyprus Croatia Hungary Ireland Bulgaria Netherlands Germany Poland Malta Czechia 0 1 2 3 4 5 6 7 8 9 10 11 12 13
Last update: 02/06/2025
Over the period up to week 48 of 2024, the number of deaths fell by 7.2% in Hungary, more than the EU average, compared to the average over the past five years
Created with Highcharts 8.2.2 % Chart menu Change in number of deaths in a given period of 2024* (compared to average for same period of past five years) * The data for 2024 are preliminary and change from week to week as data processing progresses. The figure for the EU27_2020 has been calculated on the basis of the latest data available by country. Source: Eurostat. Download date: 27 January 2025. Romania (until week 43) Bulgaria (until week 48) Latvia (until week 48) Poland (until week 48) Slovakia (until week 47) Lithuania (until week 48) Czechia (until week 47) Croatia (until week 48) Hungary (until week 48) Italy (until week 44) Greece (until week 48) EU27_2020 (until week 48) Cyprus (until week 48) Estonia (until week 48) Spain (until week 48) Belgium (until week 48) Sweden (until week 48) Slovenia (until week 48) France (until week 48) Portugal (until week 40) Finland (until week 45) Austria (until week 48) Germany (until week 48) Luxembourg (until week 48) Denmark (until week 43) Malta (until week 42) Ireland (until week 48) Netherlands (until week 48) −24 −22 −20 −18 −16 −14 −12 −10 −8 −6 −4 −2 0 2 4 6
Last update: 02/06/2025
In the third quarter of 2024, housing prices rose in the vast majority of EU Member States compared with a year earlier, while in Hungary the rate of appreciation remained well above the EU average
Created with Highcharts 8.2.2 % Chart menu Change in housing prices in EU member states, Quarter 3 2024* (compared to the same quarter of the previous year) * Based on consolidated housing price index calculated according to Eurostat methodology, preliminary data. Data for Greece are not available. Source: Eurostat. Download date: 10 January 2025. Bulgaria Poland Hungary Croatia Netherlands Ireland Portugal Lithuania Spain Slovenia Malta Estonia Slovakia Czechia Latvia Denmark Italy Romania EU27_2020 Belgium Cyprus Euro area Austria Sweden Germany Luxembourg Finland France −5 −4 −3 −2 −1 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Last update: 01/16/2025