Hungary scored 65.08 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum.

Competitiveness Index in Hungary averaged 18.14 Points from 2007 until 2019, reaching an all time high of 65.08 Points in 2019 and a record low of 4.21 Points in 2010. This page provides the latest reported value for - Hungary Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hungary Competitiveness Index - values, historical data and charts - was last updated on July of 2020. source: World Economic Forum

Competitiveness Index in Hungary is expected to reach 65.31 Points by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Competitiveness Index is projected to trend around 66.81 Points in 2021 and 67.31 Points in 2022, according to our econometric models.

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Hungary Competitiveness Index

Actual Previous Highest Lowest Dates Unit Frequency
65.08 64.31 65.08 4.21 2007 - 2019 Points Yearly

Hungary Business Last Previous Highest Lowest Unit
Business Confidence -16.20 -24.50 17.30 -37.70 points [+]
Industrial Production -36.80 -5.60 23.50 -36.80 percent [+]
Industrial Production Mom 0.20 4.60 16.60 -13.10 percent [+]
Manufacturing Production -5.70 4.10 34.80 -31.40 percent [+]
New Orders 58.10 89.90 266.90 50.30 points [+]
Changes in Inventories 86818.00 229086.00 456415.00 -443317.00 HUF Million [+]
Car Registrations 6472.00 6170.00 21340.00 2425.00 [+]
Internet Speed 14814.21 14300.93 14814.21 2884.96 KBps [+]
IP Addresses 2456014.00 2513970.00 2810081.00 1052005.00 IP [+]
Mining Production -26.90 -17.10 138.30 -50.00 percent [+]
Manufacturing Pmi 47.00 40.70 61.10 28.50 points [+]
Steel Production 170.00 152.00 272.00 37.00 Thousand Tonnes [+]
Competitiveness Index 65.08 64.31 65.08 4.21 Points [+]
Competitiveness Rank 47.00 48.00 63.00 38.00 [+]
Capacity Utilization 71.80 80.80 87.90 67.80 percent [+]
Ease of Doing Business 52.00 53.00 54.00 40.00 [+]
Electricity Production 3004.00 2944.00 3727.00 1974.00 Gigawatt-hour [+]
Corruption Index 44.00 46.00 55.00 41.20 Points [+]
Corruption Rank 70.00 64.00 70.00 28.00 [+]


Hungary Competitiveness Index
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution.