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purchasing power standards (PPS)

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Hungarian Households, the 2nd Poorest in the EU

D&T
Jun 21, 2022

According to the Statistical Office of the European Union (Eurostat), Hungary is the second poorest country in the European Union. Hungarian household consumption is only 70% of the EU average – same as in Slovakia. Only Bulgaria is worse off. Eurostat notes that actual individual consumption (AIC) is a measure of material welfare of households. […]

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