Hungary Leader In Fighting Poverty – Eurostat

  • 13 Aug 2018 7:15 AM
  • Hungary Matters
Hungary Leader In Fighting Poverty – Eurostat
The number of poor declined to an all-time low in Hungary from 2012 to 2016, a labour market expert told public news channel M1.

In the period under survey, Hungary witnessed the biggest decline in this respect from among all European Union member states, Piroska Szalai said, citing data from Eurostat, the EU’s statistics office.

The number of severely materially deprived people fell from 2.2 million in 2004 to 1.7 million by 2007, but then rebounded to 2.7 million by 2012.

In the subsequent four years, however, it decreased by about half, she said. Hungary’s economy started to perceivably decline in 2006, two years before the outbreak of the global economic crisis, with shrinking employment, decreasing real wages and growing unemployment.

The decline, however, came to a halt in 2010, and real wages started to increase again in 2012, Szalai said.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this twice-daily newsletter covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI. Click the title above for more info, and to subscribe.

Explore More Reports

  • PM Orbán Outlines  Hungarian Economic Model

    PM Orbán Outlines Hungarian Economic Model

    • 28 Feb 2019 7:25 AM

    A work-based economy, a family support system, full employment and industrial reforms have been the pillars of the Hungarian economic model, Prime Minister Viktor Orbán said at a conference of the Hungarian Chamber of Commerce and Industry (MKIK).