Hungary’s answer, after Romania surpassed it in terms of GDP: We live better and don’t emigrate!

Although Romania surpassed Hungary last year in terms of Gross Domestic Product (GDP) calculated at purchasing power parity, Hungarians still live better, are richer and do not migrate like Romanians in search of a better life, and the Hungarian economy is more stable and based on exports, not consumption, as is the case with Romania, says the Minister of National Economy, from Budapest, Márton Nagy.

This after several publications from the neighboring country, mainly from the opposition, headlined that Romania’s economy surpassed Hungary’s from a statistical point of view.

″Hungarian households own more wealth compared to Romanian households, and Hungary has a lower poverty rate, the minister continued. Romania has also experienced significant emigration and a decline in employment from 2010 to the present, while Hungary has attracted more workers. Thus, the export profile of Hungary, especially in the high-tech field, exceeds that of Romania”, it is stated in an editorial signed by the Hungarian minister in the publication Hungarian German.

He argues that although in terms of GDP per capita, calculated at purchasing power parity, the performance of the Romanian economy surpassed that of the Hungarian economy in 2023, this does not present the full picture of living and working conditions in the 2 countries nor of the financial situation of their inhabitants.