The EU's economic performance was 2.4% higher in Quarter 3 of 2022 than one year earlier. The growth rate slowed down considerably in most of the Member States compared to the previous quarters. The volume of GDP grew once again at a rate above the average in Hungary

GDP volume change in the EU Member States, Quarter 3, 2022

Economic performance in Quarter 3 decreased already in several Member States, including Hungary, compared to the previous quarter

GDP volume change in EU member countries, Quarter 3, 2022

In Quarter 2 of 2022, the volume of gross fixed capital formation rose in the majority of EU member countries, as it did in Hungary

Change in volume of gross fixed capital formation, in EU member countries, Quarter 2, 2022*

Goods exports grew in all EU Member States in September

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

In October, the Baltic countries and Hungary had the highest inflation in the EU, but inflation in the Visegrad countries was also above the EU average (11.5%)

Change in consumer prices in the EU Member States, October 2022

Hungary's volume growth of industrial production was the fourth largest among the EU Member States in September 2022

Volume change of the industrial production in the EU Member States, September 2022

In Q2 of 2022, the Netherlands had the most favourable employment rate for 15-64 year olds in the European Union (81.8%), Italy the least favourable (60.5%), while Hungary (74.3%) was the tenth best performer among EU countries

Employment rate of 15-64 year olds in the EU Member States, Q2 of 2022

In September 2022, unemployment rates rose in Cyprus, Hungary, Austria and Estonia and fell in the other Member States compared with a year earlier. The lowest rate was in Czechia (2.2%), the highest in Spain (12.8%) and the fifth highest in Hungary (3.7%)

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

The number of deaths rose the least (by 3.0%) in Hungary in the period to date of 2022 compared to the same period of 2019, the last year before the Covid-19 pandemic

Increase in deaths in a particular period of 2022 compared to same period of 2019