Subscribe to our social channels to get the latest news about Hungary!
Hungary lagging miles behind Romania in 2010-2017 GDP
Change language:
Romania’s economy has managed to become Hungary’s superior since 2010: they are well off concerning both consumption and the expansion of their GDP, and between 2010 and 2017, Romania has produced 393 billion dollars more than Hungary did.
24.hu writes that even though the government’s situation in Romania is quite uncertain, the capital city, Bucharest’s European integration is better day by day. The neighbouring country is preparing for Schengen and their upcoming presidency in the EU.
According to the findings of Eurostat, the Annual Individual Consumption in Hungary is at a low level, making up only 62% of the whole EU average, coming as second worst on the overall list: Bulgaria and Croatia made up 54% of the EU average. On the other hand, Romania is making progress since their 58% in 2015: in 2017 their AIC was at 68%.
Concerning indebtedness, Romania is still in a better situation than Hungary. Despite the fact that their progress’ byproducts were serious indebtedness and financial imbalance, Hungary is facing a more serious debt than Romania:
- the Romanian debt makes up 49% of their whole GDP
- Hungary’s debt in the third quarter of 2018 made up 72.8% of the country’s GDP.