Visegrád Group - Economies

Economies

All four nations in the Visegrád Group are high income countries with a very high Human Development Index. V4 countries have enjoyed more or less steady economic growth since the revolutions of 1989. In 2009, Slovakia adopted the euro as its official currency.

If counted as a single nation state, the Visegrad Group is the seventh largest economy in Europe and the 15th in the world.

Based on Gross Domestic Product (PPP) figures for the year 2011, the most developed country in the grouping is the Czech Republic (USD 25,933 per capita), followed by Slovakia (USD 23,384 per capita), Poland (USD 20,136 per capita) and Hungary (USD 19,647 per capita). The average GDP (PPP) in 2011 for the entire group was USD 21,197.

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