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 December 2019, the volume of sales in retail shops increased by 6.7% according to raw data and by 6.1% when adjusted for calendar effects compared to the same period of the previous year. The volume of sales, adjusted for calendar effects, rose by 4.7% in specialized and non-specialized food shops, by 8.6% in non-food retail shops and by 2.6% in automotive fuel retailing. In 2019, the volume of sales – also according to calendar adjusted data – was 6.0% higher than in the previous year.
In the 1st-3rd quarters of 2019 the performance increase of the Hungarian economy continued. The growth was a result on one hand of the performance of the industry, construction and certain service divisions (e.g. commerce, tourism), on the other hand of the strengthening of the consumer and investment activity. Beside the price level increase real earnings surpassed the previous year’s level. Due to fewer live births and basically unchanged death numbers natural decrease was higher than in the 1st-3rd quarters of 2018.