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. source: 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. This page provides the latest reported value for - Hungary Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hungary Competitiveness Rank - values, historical data and charts - was last updated on October of 2020.

Competitiveness Rank in Hungary is expected to reach 48.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Competitiveness Rank is projected to trend around 48.00 in 2021, according to our econometric models.

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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 Business Last Previous Highest Lowest Unit
Business Confidence -15.10 -15.30 17.30 -37.70 points [+]
Industrial Production -2.10 -8.10 23.50 -36.90 percent [+]
Industrial Production Mom 7.20 17.10 17.10 -30.50 percent [+]
Manufacturing Production -8.00 -7.30 34.80 -38.40 percent [+]
New Orders 115.60 94.10 266.90 50.30 points [+]
Changes in Inventories -308834.00 86818.00 456415.00 -443317.00 HUF Million [+]
Car Registrations 11449.00 10924.00 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 -31.20 -34.40 138.30 -50.00 percent [+]
Manufacturing Pmi 48.80 52.30 61.19 28.95 points [+]
Steel Production 114.00 112.00 272.00 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 75.20 71.80 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 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.