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. source: World Economic Forum

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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 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.

Hungary Business Last Previous Highest Lowest Unit
Business Confidence 1.50 7.00 17.30 -37.70 points [+]
Industrial Production 3.60 6.10 23.50 -28.99 percent [+]
Industrial Production Mom -1.00 -0.40 16.60 -13.10 percent [+]
Manufacturing Production 6.10 11.70 34.80 -31.40 percent [+]
New Orders 105.40 100.90 266.90 50.30 points [+]
Changes in Inventories -110544.00 -356875.00 456415.00 -443317.00 HUF Million [+]
Car Registrations 16139.00 14215.00 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 [+]
Manufacturing Pmi 53.90 53.10 61.20 37.20 points [+]
Mining Production 8.40 9.00 138.30 -50.00 percent [+]
Steel Production 163.00 141.00 272.00 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 80.20 84.00 87.90 67.80 percent [+]
Ease of Doing Business 52.00 53.00 54.00 40.00 [+]
Electricity Production 3219.00 2685.00 3727.00 1974.00 Gigawatt-hour [+]
Corruption Index 46.00 45.00 55.00 41.20 Points [+]
Corruption Rank 64.00 66.00 66.00 28.00 [+]