Romania outranked Hungary at one of the most important economic indicators, GDP per capita, Portofolio.hu noted. Last year, GDP per capita in Hungary (calculated at purchasing power parity) was 76.6% of the EU average, while in Romania it was 76.7%.
On October 11, Eurostat published the revised GDP per capita statistics, which confirmed Portofolio.hu conclusions based on preliminary data published in March 2023.
Hungary gradually caught up with the EU GDP per capita average over the past 9 years (+8.5 percentage points since 2013), but, at the same time, the Romanian economy showed a much faster recovery rate: in 2013 it stood at 54%, and by 2022, it will be close to 77%.
At 77% of the EU average, Romania and Hungary are at the same level as Portugal, but over Latvia (74 percent of the EU average), Croatia (73%), Slovakia (68%), Greece (68%), and Bulgaria (59%).
Romania has a better individual consumption than Poland or Spain
Our country’s individual consumption rate is at 88% of the EU average, better than Ireland (87%), Poland (86%), Spain, Malta, Portugal (85%), Latvia (80%), Estonia (79%), Greece (78%), and Croatia (75%).
