An alternative way to look at coronavirus pandemic management in Hungary

Portfolio
A Hungarian enthusiast, who has been sharing hugely informative and revealing data sets and charts on his Facebook page, claims he has come up with an index that not only describes the pandemic waves but also has the power to forecast changes 5 to 7 days forward and some tweaks could expand the range by another 4 to 6 days. Before sharing that inventive index, though, we would like to show you a single chart that places Hungary alongside the world’s 179 most populous countries on a COVID-19 'map' you have never seen before. It's another way to look at the 'success' of how Hungary managed the coronavirus pandemic.
Csak úgy röpködnek a hozamok, lesz mire pezsgőt bontani az év végén?

This is another of those 'why didn't I think about this before?' moments. The data are there, only not many people put them together quite like Balázs Pártos does. Despite being a fairly simple calculation, some explanation of what you see is definitely due.

210526covdeaths

The vertical axis represents the number of registered cases (people with positive COVID-19 tests), and the horizontal axis represents the number of COVID-19 deaths per one million population, both for all the 180 countries.

Hungary is the big red dot; the small blue dots are the other 179 countries.

The dashed line is a trend line. The best linear fit according to the position of the dots. It shows the average of the 180 countries. NOT their weighted average, but their average.

The horizontal axis is scaled between 0 and 4,000, while the vertical axis is scaled between 0 and 160,000.

160 / 4 = 40

The dashed line is largely the diagonal of a square (a rectangle that is almost a square but it’s not). This is largely 45 degrees relative to the two axes. The dashed line works like an y = x function, which means that moving a unit to the right equals moving a unit up.

160 / 4 = 40

Alright, what's with these figures now?!

Put simply, this means that the global average is 40 infected people for one dead. More professionally, the global Case Fatality Rate (CFR) is cc. 100/40 = 2.5%, or [1/40] X 100 = 2.5%.

It is not exactly that much, because of various reasons: (i) there are only 180 countries and territories in this review instead of 220, (ii) neither the square, nor the diagonal are perfect, (iii) the trendline shows an average rather than a weighted average. Let’s say it’s roughly 2.5%. (But if you’d really like to know: calculating with data by worldometers as of 24 May, there were 3,487,081 COVID-19 deaths and 167,987,389 infected people, which gives us a ratio of 2.07%.)

How to read the country positions

  1. If a country sits on the trendline, it fares as the world average (in this case the average of the 180 most populous countries with data as of 24 May 2021).
  2. If a country is north of the trendline, it tests more people than the global average (more positive cases), or its health care system functions better and/or their population is of a better general state of health (fewer deaths).
  3. If a country is south of the trendline, it’s exactly the opposite: fewer tests, worse health care, and/or worse general state of health.

Importantly, being south of this ’divide’ is not a huge problem in itself, provided that you are in or very close to the bottom left corner. In that case, your testing practices are not the best, your health care system could perform better and/or the population could be healthier in general, but at least you don’t have a high number of COVID-19 deaths.

If a country is north of the trendline, it is not automatically in a bad situation, unless it is in the extreme top right corner. In that case it performed a zillion tests (e.g. the USA, way north of the line), but a lot of deaths too (e.g. because of a high obesity prevalence and the diseases that come with it).

And then there are special cases. When a country is way south of the line and to the right. Well, we said special cases, while the correct statement is that there’s one special case.

You guessed it right: it’s Hungary.
That fat red dot.
that's us, folks.

Where the government (and the people too) is proud how successfully it has managed this pandemic. Meanwhile, SARS-CoV-2 is the deadliest in the world in Hungary, with 3,069 deaths per one million population (as of 24 May).

That gleaming red dot is Hungary. It hurts the eye to look at.

How did it get there? Registered COVID-19 cases / population X 1 million = 83,262; [Deaths / Population] X 1 million = 3,069.

What a huge success, right?!

210526covdeaths

In case you wonder which countries are the closest to Hungary, here they are:

  • Bosnia and Herzegovina --- 62,342; 2,805
  • Bulgaria --- 60,382; 2,538
  • North Macedonia --- 74,433; 2,558
 

More in Economy

NAftogaz CEO olajszallitas Lukoil
July 23, 2024 08:38

Oil lost to Hungary and Slovakia due to Lukoil has so far been fully replaced - Naftogaz CEO

However, a long-term solution still must be found

2024-2025-os-tanev-rendje-2024-es-tanev-2025-os-tanev-2024-oszi-szunet-2024-teli-szunet-2025-teli-szunet-2025-tavaszi-szunet-2025-nyari-szunet-2025
July 22, 2024 16:25

One third of Hungarian students have high financial literacy

First time participating in PISA Financial Literacy Assessment

July 22, 2024 15:12

Fuel prices to be lowered in Hungary

On Tuesday

gyár termelés worker
July 22, 2024 11:42

Blue-collar wages rise sharply in Hungary

According to new report

mnb magyar nemzeti bank
July 22, 2024 11:15

Hungary cenbank not to start new phase now, seen cutting rates again

Analysts believe monetary easing will continue on Tuesday

makronaptár tőzsde óraátállítás
July 22, 2024 08:36

Weakened markets may fall further this week - all eyes on the US again

What should traders and inverstors watch out for this week?

LATEST NEWS

Detailed search