Hungary is the 47 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Hungary averaged 53.38 from 2007 until 2019, reaching an all time high of 63 in 2014 and a record low of 38 in 2007. source: World Economic Forum


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Hungary Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
47.00 48.00 63.00 38.00 2007 - 2019 Yearly


Hungary Competitiveness Rank
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing 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. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables 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.

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 4.20 6.10 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 -4.00 8.40 138.30 -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 44.00 46.00 55.00 41.20 Points [+]
Corruption Rank 70.00 64.00 70.00 28.00 [+]