COMPARISON OF PERFORMANCE OF VISEGRAD GROUP REGIONS
COMPARISON OF PERFORMANCE OF VISEGRAD GROUP REGIONS

Summary/Abstract: The aim of the developed countries is to increase the performance of their economies. It is determined by performance of their regions. Gross domestic product (GDP) is considered as the basic macroeconomic indicator, which reflects the economic performance and the strength of the national economy as a whole and also its regions. Another important factor determining the economic development of the state is situation on the labour market, namely the trend in employment and unemployment. Employment has a direct impact on the production, and thus the economic and social development in the country and its individual regions. On the other hand, the high level of unemployment has very adverse economic and social consequences. In this paper we examine and compare the performance of the regions of the Visegrad group (Slovak Republic, Czech Republic, Poland and Hungary). We evaluate the performance of the V4 regions using these indicators: regional gross domestic product per inhabitant in PPS, employment rate and unemployment rate. In this paper a region is defined as a territorial unit corresponding with NUTS II. This article was created in the frame of the project "Alexander Dubček University of Trenčín wants to offer high-quality and modern education", ITMS code 26110230099, based on the Operational Programme Education.

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