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.

Hungary Competitiveness Rank
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Hungary Business Last Previous Highest Lowest Unit
Business Confidence 0.90 7.50 17.30 -37.70 Index Points [+]
Industrial Production 0.30 12.00 23.50 -28.99 percent [+]
Industrial Production Mom 1.70 -1.80 16.60 -13.10 percent [+]
Manufacturing Production 12.10 -2.30 34.80 -31.40 percent [+]
New Orders 94.20 111.00 266.90 50.30 Index Points [+]
Changes in Inventories -414485.00 47618.00 464766.00 -428674.00 HUF Million [+]
Car Registrations 9655.00 15618.00 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 51.80 52.60 61.20 37.20 [+]
Mining Production 12.60 25.00 138.30 -50.00 percent [+]
Steel Production 121.00 136.00 272.00 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 84.00 85.20 87.90 67.80 percent [+]
Ease of Doing Business 53.00 48.00 54.00 40.00 [+]
Electricity Production 2723.00 2949.00 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 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

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




Country Last Previous
Singapore 1.00 Dec/19
United States 2.00 Dec/19
Netherlands 4.00 Dec/19
Switzerland 5.00 Dec/19
Japan 6.00 Dec/19
Germany 7.00 Dec/19
United Kingdom 9.00 Dec/19
South Korea 13.00 Dec/19
Canada 14.00 Dec/19
France 15.00 Dec/19
Australia 16.00 Dec/19
Spain 23.00 Dec/19
China 28.00 Dec/19
Italy 30.00 Dec/19
Saudi Arabia 36.00 Dec/19
Russia 43.00 Dec/19
Mexico 48.00 Dec/19
Indonesia 50.00 Dec/19
South Africa 60.00 Dec/19
Turkey 61.00 Dec/19
India 68.00 Dec/19
Brazil 71.00 Dec/19
Argentina 83.00 Dec/19


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