Hungary GDP/Capita Rises to 77% of EU Average

Figures

Graphic by Myvector / Shutterstock.com

Hungary's GDP per capita, at purchasing power parity, stood at 77% of the European Union average last year, flash estimates published by Eurostat show.

The ratio rose from 75% in 2021.

In a regional comparison, GDP per capita of the Czech Republic was 91pc of the EU average last year, while Poland's GDP was 79% of the average and Slovakia's 67%.

Commenting on the data on Friday, Gergely Gulyás, the head of the Prime Minister's Office, said Hungary has moved more than 10 percentage points closer to the EU average over the past 10 years. That is an acknowledgment of the resilience of Hungary's economy in difficult times and times of crisis, he added.

Hungary is "keeping pace" with its peers in Central Europe and reducing its disadvantage compared to those countries which have been EU member states for decades, he said.

The goal is to put Hungary among the five most developed countries in the EU, but that will require the country to take "big steps", he added.

 He noted that Hungary's level of development is on par with that of Portugal, which has been a member state since 1986, while it is 8-9 percentage points ahead of Greece, which joined the EU in the 80s.

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