Hungary as a regional middle power – What do the numbers of the last decade show?

By: Trademagazin Date: 2023. 02. 07. 11:03

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At the end of 2022, the vision of one of the Government’s advisers on Hungary’s strategy for the next decade was published. According to this: “The biggest strategic challenge facing Hungary in the next decade is to get out of the group of medium-developed countries and … within Central Europe to achieve the status of a regional middle power.”

It is worth first dealing with the starting point: what we have achieved, where we stand. According to Eurostat data, in 2021, Hungary ranks 23rd out of the 27 EU member states in terms of GDP measured in euros per capita, while the value measured in terms of purchasing power parity is sufficient for 21st place. In both indicators, we have dropped 1-1 place since 2010, and even those with worse indicators are getting closer to us. Overall, we achieved 49% of the EU average in GDP per capita in euros, and 75% in terms of purchasing power parity. Both are 9 percentage point improvements since 2010. This indicates that the economic policy so far has not been able to improve our relative position within the Union.
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