Czechs have highest, but Slovaks have fastest
The countries of the Visegrad 4 (Czech R., Slovakia, Poland and Hungary) have all enjoyed a rising living standard since the eastern block crumbled 20 years ago, but Slovakia boasts the fastest growth, reports daily Hospodarske Noviny.
Closest to the EU average is the Czech Republic, which now has a living standard on the level of 80% of the EU average, but Slovakia isn’t so far behind with 72%.
Just 13 years ago the living standard in Slovakia was just above half of the EU average, so it has enjoyed around 50% growth in that time, while the improvement in the Czech Republic has only been from 70% to 80%.
Hungary takes third spot in the V4 with 63%, while Poland is not far behind with a figure of 61%.