poorest country in EU: Once prosperous, Hungary is now the poorest nation in EU — meanwhile, this tiny nation tops the wealth rankings

poorest country in EU: Once prosperous, Hungary is now the poorest nation in EU — meanwhile, this tiny nation tops the wealth rankings

Hungary has become the EU's poorest country in household welfare, with consumption at 72% of the EU average, according to Eurostat data. While Hungary's GDP exceeds some lower-income EU nations, its economic output isn't translating into improved living standards for families. Factors like low wages and high inflation contribute to this decline.