Effects of COVID-19 on household solvency index in Hungary 2020

As of April 2020, Western Transdanubia was the most heavily affected Hungarian region by the economic impact of the coronavirus (COVID-19), experiencing a 46 percent decrease in household solvency index compared to the first quarter of 2020. The significant decrease in household solvency index in the Transdanubian regions can be traced back to the importance of the automotive industry in the regions' economy, as the collapse of the global supply chain has led to numerous wage cuts, shutdowns and layoffs.

Effects of coronavirus (COVID-19) on household solvency index* in Hungary in 2020, by region

Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Release date

May 2020

Region

Hungary

Survey time period

April 2020

Supplementary notes

* The household solvency index shows the financial situation and financial security of households, based on indicators such as the level of income or the cost of living.

Figures are relative to the first quarter of 2020.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* Prices do not include sales tax.

Statistics on "Coronavirus (COVID-19) in Hungary"

Further Content: You might find this interesting as well

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.