IMD World Competitiveness Booklet 2022
Hungary Competitiveness Trends – Overall
OVERALL PERFORMANCE (63 countries)
BASIC FACTS
Rank
2018
2019
2020
2021
2022
Capital Land area (square km '000)
Budapest
93 2021
303.141 2021
Exchange Rate (per $)
39
42
47
47
47
9.69 2021 38 182.3 2021 47 37,288 2021 37 7.1 2021 17 5.12 2021 54 4.20 2021 14 4.87 2021 38 -2.94 2021 53 101.0 2020 45 108.98 2020 01
Population - market size (millions)
Gross Domestic Product (GDP) (US$ billions)
CHALLENGES IN 2022
GDP (PPP) per capita (US$)
• Decrease high debt and deficit level without harming growth prospects. • Improve low level productivity by investing more into reskilling and upskilling. • Decrease the very high energy intensity level of the economy by modernizing technologies. • Move faster towards establishing circular economy in order to increase effectiveness and efficiency. • Improve economic resilience and agility by increasing the proportion of high value added activities in the economic structure.
Real GDP growth (%)
Consumer price inflation (%)
Unemployment rate (%)
Labor force (millions)
Current account balance (% of GDP)
Direct investment stocks inward ($bn)
Direct investment flows inward (% of GDP)
PROVIDED BY: University of Public Service, Budapest
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
4
15
25
26 23
29
29
33 33 31 36
35
41
41 43
44
46 50
53
60
PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries)
POPULATIONS < 20 MILLION (36 countries)
2018
2019
2020
2021
2022
2018
2019
2020
2021
2022
24
26
29
30
26
31
31
27
27
27
74 Competitiveness Country Profiles
Made with FlippingBook - Online magazine maker