IMD World Competitiveness Booklet 2021

COMPETITIVENESS TRENDS - OVERALL HUNGARY

OVERALL PERFORMANCE (64 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Budapest

2017 2018 2019 2020 2021

93 2020

307.997 2020 9.77 2020 155.0 2020 33,033 2020

Exchange Rate (per $)

42

47

47

47

52

40

Population - market size (millions)

CHALLENGES IN 2021 Addressing COVID-19 related socio-economic disruptions and the post-COVID era. • Addressing COVID-19 related socio-economic disruptions and the post-COVID era. • Looming inflation. • Pressures on public finance due to COVID-19 and the election year of 2022. • Structural changes for the labor force, increasing employability. • Finding a place within e-Mobility trends while having a traditional automotive industry.

49

Gross Domestic Product (GDP) (US$ billions)

37

GDP (PPP) per capita (US$)

-5.0 2020 3.32 2020 4.20 2020 4.74 2020 0.07 2020 97.8 2019 57.26 2019

33

Real GDP growth (%)

54

Consumer price inflation (%)

10

Unemployment rate (%)

40

Labor force (millions)

40

Current account balance (% of GDP)

44

Direct investment stocks inward ($bn)

ICEG European Center Provided by: ICEG European Center

2

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

13 10 13

19

33

34

35

38 39 40

40

40

40 43

47

48

49

54

57 57

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)

POPULATIONS < 20 MILLION (35 countries)

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

26

27

27

27

30

29

31

31

32

35

73

IMD WORLD COMPETITIVENESS BOOKLET 2021