Romania is about to catch up with Hungary in terms of GDP
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Romania is now only slightly lagging behind Hungary. In a comparison of GDP at purchasing power parity, Hungary is in 8th place, while Romania is in 6th place, counting from the bottom.
Economic measures
At the level of economic development, it is most often measured by GDP per capita or purchasing power parity. This is calculated by relating GDP (gross domestic product), a generally accepted indicator of economic performance and well-being, to the number of people in a country.
Price levels vary between countries. The same amount of money can buy different amounts of goods and services, napi.hu reports.
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Romania catches up with Hungary
Romania ranks second to last in the European Union in terms of GDP per capita. Romania is the only country ahead of Bulgaria on this measure. But if you include purchasing power, the ranking changes.
If GDP per capita per purchasing power parity is taken as 100 for the EU as a whole, 17 of the 27 Member States have a GDP per capita below the average. Bulgaria is also in last place in this respect. The penultimate place is not held by Romania but by Greece with 65.
