Trade is the resale of purchased goods without conversion, an activity that links production to consumption. Trade in goods contributes to the efficient functioning of the national economy, the efficient use of resources, and the return on investment. During buying and selling, the goods purchased from producers are stored, stocked and then sold to users. Statistics on internal trading establishments include the number of internal trading establishments operating in Hungary. Another area of internal trade statistics shows the following: domestic retail sales and volume changes in domestic retail sales.
Share of trade and motor vehicle repair in gross value added
Internal trade and repair of motor vehicles as a share of gross value added at basic prices of the national economy in a given year, calculated at current prices.
In October 2020, the volume of sales in retail shops decreased by 2.4% according to raw data and by 1.9% when adjusted for calendar effects compared to the same period of the previous year. The seasonally and calendar-adjusted volume of sales in retail shops increased by 1.2% compared to the previous month. In October 2020, the volume of sales, adjusted for calendar effects, increased by 1.2% in specialized and non-specialized food shops and decreased by 1.2% in non-food retail shops and by 10.5% in automotive fuel retailing. In January–October 2020, the volume of sales – also according to calendar adjusted data – was 0.3% higher than in the corresponding period of the previous year.
The performance of the Hungarian economy grew by 2.2% in the 1st quarter of 2020, which is a significant tempo-decline compared to the 4-5% increase of the previous two years. The coronavirus epidemic, spreading worldwide by March, severely impacted Hungarian output in the second part of the month. Processes of the world economy, already tainted by tensions and negative expectations have been further damaged in January-February by the spread of the epidemic, impacting indirectly and unfavourably our national economy.
The yearbook presents how demographic, socio-economic trends and environmental characteristics changed over time in Hungary. The main indicators are illustrated in time series or regional comparisons by charts and maps; the interactive versions of these are available on our website. Spatial disparities among counties and regions as well as international indicators are presented in separate chapters. The internet annex contains the publication in PDF format and all tables in Excel format.