The EU's economic performance was 5.5% higher than one year earlier. The growth rate is still below the average in Germany, the Member State with the largest economic weight

GDP volume change in EU member countries, Quarter 1, 2022

Hungary's economy grew at a considerable rate, by 1.5 percentage points above the EU average, compared to the previous quarter

GDP volume change in EU member countries, Quarter 1, 2022

After Ireland, gross fixed capital formation grew in the largest proportion in Hungary and Italy during Quarter 1 of 2022

Change in the volume of gross fixed capital formation in EU Member States, Quarter 1 of 2022*

There was substantial growth in the exports of all EU Member States in May

Change in EUR value of exports of goods, in EU member countries, May 2022

Inflation within the EU in June was the highest in the Baltic countries, and among the Visegrád 4 countries, prices increased at a higher rate than in Hungary in Czechia and Poland, and at the same rate in Slovakia

Change in consumer prices in EU member countries, June 2022

The volume of industrial production decreased in May 2022 in Germany and France, the two strongest economies of the EU, compared to the same period of the previous year

Volume change of industrial output in the EU Member States, May 2022*

In Q1 of 2022, the Netherlands had the most favourable employment rate for 15-64 year olds in the European Union (81.2%) and Italy the least favourable (59.1%), while Hungary (74.0%) was ranked eighth among EU countries

Employment rate of 15-64 year olds in the EU Member States, Q1 of 2022

In June 2022, unemployment rates fell in all Member States except Romania compared with a year earlier. Czechia had the lowest unemployment rate (2.4%) and Spain the highest (12.3%), while Hungary had the third lowest rate (2.9%)

Unemployment rate of 15-74 year olds in the European Union Member States