Hungary in world top considering the importance of expats in economy
New data has revealed which countries around the world see the biggest impact on their local economy as a result of their expat population with Hungary coming 6th.Â
The research comes from the experts at William Russell, who ranked over 30 countries on factors such as employment rates, further education rates and financial contributions to the economy.
You can view the full Expat Economy Index HERE.
Where do expats contribute the most?
The below table shows the top ten countries where expats contribute the most to their local economy. A score above 1 in the revenue per capita ratio indicates that the economic contributions from foreign-born residents are higher than native residents.
|
Rank |
Country |
Employment rate |
Unemployment rate |
Tertiary education rate |
Revenue per capita ratio |
Economy contribution score |
|
1 |
New Zealand |
80.8% |
3.2% |
53.1% |
– |
9.31 |
|
2 |
Poland |
80.4% |
5.1% |
59.6% |
– |
9.01 |
|
3 |
United Kingdom |
75.5% |
4.4% |
68.4% |
1.01 |
8.98 |
|
4 |
Israel |
77.9% |
4.6% |
57.7% |
– |
8.68 |
|
5 |
Australia |
74.2% |
5.3% |
59.7% |
0.97 |
8.07 |
|
6 |
Hungary |
80.3% |
3.4% |
39.0% |
– |
7.96 |
|
7 |
Czech Republic |
79.8% |
3.3% |
35.2% |
0.97 |
7.33 |
|
8 |
Portugal |
76.9% |
7.0% |
36.4% |
1.17 |
7.17 |
|
9 |
Luxembourg |
72.8% |
5.9% |
52.8% |
0.97 |
7.16 |
|
9 |
Republic of Ireland |
71.8% |
7.5% |
55.5% |
0.99 |
7.16 |
Further Findings:
- With the highest employment rate for expats, New Zealand was ranked as the top country where the expat community is crucial to the local economy. They were closely followed by Poland which had a similarly high employment rate and the UK.
-
The research found only three countries where the expat community contributed more revenue per capita to the economy than native-born residents. These were Portugal, Switzerland and the UK where expats were found to contribute 17%, 1,% and 1% more respectively.
-
Canada had the highest rate of expats who had pursued further education (69.7%), however missed out on a top 10 spot due to their higher unemployment rate.
Read also:
- Schengen in serious trouble: strict control prolonged at Hungarian border again – Read more HERE
- Hungary struggles at the bottom in Europe’s happiness ranking
Source:
yet Orban and his neonazi friends are working every day to make Hungary a hostile land for taxpaying expats…