Living Standards of Budapest

The living standards of the people of the Budapest region are moderate to upper-level. The private sector accounts for over 80% of GDP. Foreign ownership of and investment in Hungarian firms is widespread.

Economics

• Subsistence type: Service and product industry
• Occupations: Same as above.
• Average Gross Income: 150,000.- HUF (Hungarian Forint) per month or 1,8 million HUF (11,000 USD) per year is the reported income nationwide.
• Income Sources: Through work in urban industries - whether service or product related.
• Products/crafts: Mining, metallurgy, construction materials, processed foods, textiles, chemicals (especially pharmaceuticals), and motor vehicles.
• Trade Partners: Germany 28%, Austria 10%, Italy 8%, Russia 7%
• Modernization/Utilities: Modern utilities are available most places within the megacity region.

- by Mark Aderholt, F. Strategy Coordinator, Budapest, IMB

economy, income, living standard