• Home
• Channel: Finance
• Romania Overtakes Hungary in Per Capita GDP

Romania Overtakes Hungary in Per Capita GDP

• 27 Mar 2024 12:24 PM
• Hungary Around the Clock

Romania’s per capita GDP (measured in purchasing power parity) reached 78% of the EU average in 2023, ahead of Hungary’s 76%, Portfolio writes, citing preliminary data from Eurostat.

Croatia’s economic development also reached Hungary’s level in 2023.

Hungary’s economy shrank by 0.9% last year, while Romania’s GDP expanded by 2%.

According to Eurostat, GDP per capita expressed in purchasing power parity was the lowest in Bulgaria at 64% and the highest in Luxembourg at 240%.
 

*********************************
You're very welcome to comment, discuss and enjoy more stories, via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here:
XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers?
Then just contact us here!

Related links

Central Bank in Hungary Cuts Base Rate to 8.25% Inflation Forecast to Fall

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• GDP Economy

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

April Inflation Up in Hungary

• 13 May 2024 6:06 AM

Hungary’s consumer price index in April was 3.7% higher than the same month a year earlier, the Central Statistical Office (KSH) said.



Official: Forecast for GDP Growth in Hungary of 2.5% in 2024, 4.1% in 2025

• 2 May 2024 6:59 AM

Hungary’s government projects an economic growth rate of 2.5% for this year and 4.1% in 2025, a state secretary of the finance ministry said.



IMF Says Hungary's Economy to Return To Growth This Year

• 25 Apr 2024 7:28 AM

The International Monetary Fund (IMF) forecasts the Hungarian economy returning to growth this year and taking its place in the vanguard of the EU’s growth performers next year, Mihály Varga, the finance minister, said on Tuesday, adding that the IMF prognosis echoes that of the latest European Commission projection.



Now 7.75%: Central Bank in Hungary Cuts Base Rate Again

• 25 Apr 2024 6:56 AM

Hungarian central bank (NBH) rate-setters cut the base rate by 50 basis points to 7.75% at a regular policy meeting. The Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 6.75% and the O/N collateralised loan rate to 8.75%.