Investment is defined in economics as creating or purchasing means of production, by which an economic actor obtains its goods supporting production and operation. Considered for a given period it means the expansion or modernisation of its capital, namely its stock of production means. Statistics on investments refer to the value of new and used investments, and are broken down by material-technical composition, by section and region.
Investments, change in volume
Change of volume in the performance value of new investments realised by the economic operators compared to the same period of the previous year.
It is exceptionally important to us to provide more up-to-date information on the social and economic developments in our country, in addition to our regular and detailed publications. Our WEEKLY MONITOR provides insights into trends in key areas through weekly, monthly and quarterly data from our interactive chart collection. Most WEEKLY MONITOR charts can also be downloaded in image and data formats (PNG, SVG and CSV).
In 2021 the economic effects of the pandemic lockdowns were far smaller than in 2020; however, the Russo-Ukrainian War caused a new emergency situation in February 2022. In 2021, the volume of the Gross Domestic Product (GDP) was 7.1% larger than in 2020 and also exceeded the pre-pandemic figure of 2019. As the economy restarted, the rate of employment was higher than the pre-pandemic highs. The willingness to have children reached its 27-year peak; however, the pace of natural decrease accelerated, compared to the previous year.
In the 2nd quarter of 2022 the volume of developments increased by 7.8% compared to the same period of the previous year, and by 2.5% compared to the previous quarter (seasonally adjusted). Investments have been impacted by a strong household activity as well as a moderate increase in business and budgetary developments. Manufacturing developments, having a dominant weight, as well as dwelling constructions and property renovations expanded the national economy’s performance, while transportation and storage, furthermore trade related investments held it back.
2021 was the recovery year from the COVID-19 pandemic, the economy restarted, its performance –following the 2020 setback – surpassed the previous year’s by 7.1%. The pocketbook, published every spring, offers through its tables an insight into the 2021 developments of Hungary’s social, economic processes.
Our publication, also highlighting the main effects of the pandemic, gives an overview of the social and economic trends in Hungary in 2020, including a 5% drop in GDP, putting us in the middle of the EU ranking, taking into use 28,000 new homes, the highest number since 2009, a nearly threefold increase in the share of people working remotely or from home as compared to the average for the past 10 years, a 42% increase in the value of mail order and internet retailing, and fewer accidents on the roads.