Economic development of The Visegrad Group countries in the context of the analysis of selected macroeconomic factors

Purpose: The research aim of this article was to identify selected variables that affect the general level of economic development of the Visegrad Group countries. Design/methodology/approach: In the article were used qualitative and quantitative research methods. A review of Polish and foreign literature on the subject was carried out, and a desk research method was used based on public statistical data (Eurostat, OECD, The World Bank) covering the period 2017-2022. Statistical analysis was performed using stepwise linear regression (Stepwise method) to indicate the dependencies between variables. Findings: The article presents selected groups of factors that influence the level of economic development of the Visegrad Group countries. Analyzing the dependencies between selected groups of factors allowed for a better understanding of the dependencies between the variables. Originality/value: The article verified the impact of selected factors determining the economic development of the Visegrad Group countries using linear regression analysis. The literature review enabled the authors to diagnose the research gap in terms of the indicated determinants of the economic development of the Group V4 countries.