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Credit cards in Hungary
As of 2010, Hungary has a population of 10.00 millions with a GDP(gross domestic product) of €98.45 billions. This
translates into €9.84 thousands of GDP per capita. Hungary contributes 0.80% of the EU total GDP.
As at 31st December 2010, there are 8,932,860 payment cards issued in Hungary(0.89 cards per capita), an increase of 149,610 or 1.70% compares to 8,783,250 in 2009.
There are 1,367,930 credit cards in Hungary as at 31st December 2010, a decrease of 137,510 or 9.13% compares to 1,505,440 in 2009.
Debit cards increase by 286,140 or 3.93% to 7,569,660 in 2010, compares to 7,283,520 in 2009.
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Total Card Payments in Volume and Value
For 2010, there are 207.79 millions of card payment transactions in Hungary(20.78 transactions per capita), an increase of 24.23 millions or 13.20% compares to 183.56 millions in 2009. This is a significant growth
considering there is only a 1.70% decrease in the number of payment cards in 2009. Out of these transactions, 24.81 millions or 11.94% is paid by credit cards, a decrease of 0.7 millions or 2.74% compares to 25.51 millions in 2009.
This is expected with the 9.13% decrease on the number of credit cards issued in 2010. Majority of card payment transactions(182.99 millions) are paid by debit cards, an increase of 24.94 millions
or 15.78% compares to 158.05 millions in 2009. This is an encouraging growth since there is only 3.93% increase on the number of debit cards issued in 2010. Hungary total card payment transactions volume
contributes a low 0.61% to the EU total number of transactions.
Hungary has a low total card payments in value in Europe. There is an increase of €0.76 billions or 15.2% to €5.76 billions(€0.58 thousands per capita) in 2010,
compares to €5.00 in 2009. This also translates into €27.7 per card payment transaction, a marginal increase compares to €27.2 in 2009. Out of these transactions, €0.79 billions or 13.72% is paid by credit cards,
an increase of €0.03 billions or 3.95% compares to €0.76 billions in 2009. This is an unexpected growth considering the decrease in number of credit cards issued as well as the transactions volume.
The rest of card payments, €4.97 billions in value is paid by debit cards, an increase of €0.74 billions or 17.49% compares to €4.23 billions in 2009, which is inline with the increase in debit card transactions volume.
Hungary total card payment value contributes a mere 0.32% to the EU total transactions value.
Credit cards in Hungary 2008-2009
As of 2009, Hungary has a population of 10.02 millions with a GDP(gross domestic product) of €93.09 billions. This
translates into €9.29 thousands of GDP per capita. Hungary contributes 0.79% of the EU total GDP.
As at 31st December 2009, there are 8,783,250 payment cards issued in Hungary(0.88 cards per capita), a decrease of 162,790 or 1.82% compares to 8,946,040 in 2008.
There are 1,505,440 credit cards in Hungary as at 31st December 2009, a decrease of 232,330 or 13.37% compares to 1,737,770 in 2008.
Debit cards increase by 69,410 or 0.96% to 7,283,520 in 2009, compares to 7,214,110 in 2008.
Total Card Payments in Volume and Value
For 2009, there are 183.56 millions of card payment transactions in Hungary(18.32 transactions per capita), an increase of 17.26 millions or 10.38% compares to 166.30 millions in 2008. This is a significant growth
considering there is a 1.82% decrease in the number of payment cards in 2009. Out of these transactions, 25.51 millions or 13.90% is paid by credit cards, an increase of 2.38 millions or 10.29% compares to 23.13 millions in 2008.
This is a suprising increase considering a significant 13.37% decrease to the number of credit cards issued in 2009. Majority of card payment transactions(158.05 millions) are paid by debit cards, an increase of 14.88 millions
or 10.39% compares to 143.17 millions in 2008. This is an encouraging growth as there is only 0.96% increase on the number of debit cards issued in 2009. Hungary total card payment transactions volume
contributes a low 0.58% to the EU total number of transactions.
Hungary has a low total card payments in value in Europe, however, there is a decrease of €0.46 billions or 9.2% to €5.00 billions(€0.50 thousands per capita) in 2009,
compares to €5.46 in 2008. This also translates into €27.2 per card payment transaction, a decrease compares to €32.8 in 2008. Out of these transactions, €0.76 billions or 15.20% is paid by credit cards,
a decrease of €0.09 billions or 10.59% compares to €0.85 billions in 2008. The rest of card payments, €4.23 billions in value is paid by debit cards,
a decrease of €0.38 billions or 8.24% compares to €4.61 billions in 2008. Despite the increase in debit cards and credit cards number of transactions, the total transactions value is lower because payment cards are used for
increasingly smaller amount purchases. Hungary total card payment value contributes a mere 0.31% to the EU total transactions value.
Credit cards in Hungary 2007-2008
As of 2008, Hungary has a population of 10.04 millions with a GDP(gross domestic product) of €105.84 billions. This
translates into €10.54 thousands of GDP per capita. Hungary contributes 0.85% of the EU total GDP.
As at 31st December 2008, there are 8,946,040 payment cards issued in Hungary(0.89 cards per capita), an increase of 337,550 or 3.92% compares to 8,608,490 in 2007.
There are 1,737,770 credit cards in Hungary as at 31st December 2008, a slight increase of 35,070 or 2.06% compares to 1,702,700 in 2007.
Debit cards increase by 299,420 or 4.33% to 7,214,110 in 2008, compares to 6,914,690 in 2007.
Total Card Payments in Volume and Value
For 2008, there are 166.30 millions of card payment transactions in Hungary(16.57 transactions per capita), a significant increase of 31.51 millions or 23.38% compares to 134.79 millions in 2007. This is a healthy growth
considering there is only about 4% increase in the number of payment cards in 2008. Out of these transactions, 23.13 millions or 13.91% is paid by credit cards, an increase of 3.26 millions or 16.41% compares to 19.87 millions in 2007.
This is a suprising increase considering only about 2% addition to the number of credit cards issued in 2008. Majority of card payment transactions(143.17 millions) are paid by debit cards, a significant increase of 28.26 millions
or 24.59% compares to 114.91 millions in 2007. This is a significant growth as there is only about 4% increase on the number of debit cards issued in 2008. Hungary total card payment transactions volume
contributes a low 0.56% to the EU total number of transactions.
Hungary has a low total card payments in value in Europe, however, there is a significant increase of €0.86 billions or 18.7% to €5.46 billions(€0.54 thousands per capita) in 2008,
compares to €4.60 in 2007. This also translates into €32.8 per card payment transaction, a slight decrease compares to €34.1 in 2007. Out of these transactions, €0.85 billions or 15.57% is paid by credit cards,
a significant increase of €0.10 billions or 13.33% compares to €0.75 billions in 2007. The rest of card payments, €4.61 billions in value is paid by debit cards,
a significant increase of €0.76 billions or 19.74% compares to €3.85 billions in 2007. These growth are in accordance with the increase in debit cards and credit cards number of transactions.
Hungary total card payment value contributes a mere 0.33% to the EU total transactions value.
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