Hungarian Conservative

According to recently released data, the Hungarian economy has surpassed the EU average in 2023, and is poised to be among the leading countries in 2024 as well.

Despite extraordinary expenditures, the government has consistently reduced the budget deficit and the national debt year after year, the Ministry of Finance emphasized in its interim report released on the situation of the central subsystem of public finances, excluding local governments, at the end of November.



There have been misleading press reports suggesting that now Hungary lags behind Romania, based on Eurostat’s fresh data that say that in 2022, Hungary’s GDP per capita at purchasing power parity was 76.6 per cent of the EU average, while in Romania, this ratio was 76.7 per cent. The economic researchers at the Nézőpont Institute investigated whether Romania had indeed overtaken Hungary in economic terms. ‘Based on Eurostat’s data, the answer is simple: no,’ researchers assert in a statement.