A business unit is a profit-oriented or function-oriented entity set up as the organisational framework of management, which produces goods or provides services to market participants and the society. Data on business units and non-profit organisations are available from registers or after processing statistical and tax data. Register data and business demographic data make it possible to analyse the structure of registered organisations and active enterprises, respectively, by number, activity, headcount and revenue, and to identify new and closed enterprises. Economic indicators for enterprises and non-profit organisations provide information on performance and activity characteristics. The purpose of foreign affiliates statistics (FATS) is to measure which countries control the economy of the different countries, and in which industries and to what extent they do so.
Change in the number of registered enterprises
Change in the period-end number of enterprises in administrative records compared to the same date of the previous year.
In February 2020, the last month before the outbreak of the coronavirus epidemics in Hungary, 12.4 thousand enterprises were established, 4.5% fewer than in February 2019, the second highest February data over the last 6 years. This year-on-year decline was due to a 6.3% drop in the number of newly registered sole proprietorships (private entrepreneurs), accounting for nearly 80% of new businesses. Business partnerships saw a significant increase in entrepreneurship, with 2.9% more establishments.
On 1 February 2020, a withdrawal agreement entered into force between the European Union and the United Kingdom (Brexit). Reducing the EU to 27 member states significantly changes aggregated (average, total, etc.) EU data. However, due to the different purposes of use, consideration should be given to the simultaneous communication of old and new aggregates, and the back-calculation of time series for the new composition is also an issue to be addressed. Taking all this into account, it is necessary to restructure the publication of EU statistics.
In 2018, the number of nonprofit organizations increased year-on-year by 340 to a total of 61,491, one-third of them were foundations and two-thirds were corporate nonprofit organisations. In terms of key factors, the image of the sector has remained unchanged for years: it contains many classic NGOs and far fewer but high-income nonprofit enterprises. Following a range-bound period at the beginning of the decade, the ratio of total revenue of non-profit organizations to total GDP has increased over the last three years.
The number of active enterprises increased by 5.0% in 2017. The key to growth was in the hands of private entrepreneurs, who, after more than ten years, once again gain a majority over business partnerships. Most of the real new businesses that started in 2017 started out as micro-businesses and most often started in science and technology, construction or trade, vehicle repair. Among enterprises formed in 2012, business partnerships, and enterprises operating in Western Transdanubia showed the highest survival rates in 2017.
On 31 December 2018, the number of registered business units was 1 million 909 thousand, 38 thousand more than a year ago. The number of business organizations increased steadily from 1998 to 2014, but this tendency was broken due to legislative changes. From 2016, the expansion continued, so their number was already 3.3% higher than the 2014 peak.