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Budapest Living Standard Better than Berlin or Vienna, According to Eurostat Data
Eurostat, the statistical database of the European Union, publishes detailed economic data each year to compare living standards in each EU region, with the latest figures showing the 2019 situation. According to the analysis of Növekedés.hu, Budapest is ahead of several important Western European cities, such as Berlin and Vienna. However, there are several questions that arise regarding representation as well as methodology, that can shed a new light on living standards in Hungary.
In order to come to a conclusion regarding living standards in the regions and cities of the European Union in 2019, data shows the value of goods and services produced and consumed divided by population, in other words: GDP per capita. Eurostat then converts GDP data into a fictitious currency, the PPS (Purchasing Power Standard), due to large price differences between countries. The reason for this is simple. When s
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“We achieved a victory against one of the best teams in the world in recent years, but we just won a qualification to the final phase and not a medal,” coach Thodoris Vlachos commented after the game.
“I remind my players to keep their heads down, pay attention and keep that tremendous desire for team play, as we did today, in order to achieve what we dream of.”
“It was a great game from the team, especially our defence did really well, that made our job easy. We were ready and motivated during this tournament which was a great way to practice and prepare for the Olympic qualification. I hope we will be able to play like this or even better as all of us dream on Tokyo,” MVP of the game, Christodoulos Kolomvos said.
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