IMD World Competitiveness Booklet 2020
COMPETITIVENESS TRENDS - OVERALL HUNGARY
OVERALL PERFORMANCE (63 countries)
BASIC FACTS Capital Land area (square km '000)
Rank
Budapest
2016 2017 2018 2019 2020
93 2019
46
47
47
47
290.660 2019 9.77 2019 161.0 2019 34,359 2019
Exchange Rate (per $)
52
40
Population - market size (millions)
CHALLENGES IN 2020 Growing unemployment, especially in the SME sector, will contribute to deteriorate the earlier favorable macro numbers. • Growing unemployment, especially in the SME sector, will contribute to deteriorate the earlier favorable macro numbers. • Because of the worsening deficit and debt data insufficient resources will be available for education and R&D. • Disturbed supply chains will return to normal operations slowly, causing difficulties to suppliers and employees. • Social capital/trust will be damaged causing difficulties for restarting services. • Brain drain will increase to the West for better paid jobs.
49
Gross Domestic Product (GDP) (US$ billions)
36
GDP (PPP) per capita (US$)
4.9 2019 3.37 2019 3.50 2019 4.59 2019 -0.80 2019 88.7 2018 3.78 2019
6
Real GDP growth (%)
50
Consumer price inflation (%)
13
Unemployment rate (%)
41
Labor force (millions)
42
Current account balance (% of GDP)
45
Direct investment stocks inward ($bn)
National University of Public Service, Competitiveness and Fiscal Provided by: Prof. Dr. Magdolna Csath, Research Professor, National University of Public Service, Competitiveness and Fiscal Stability Research Group
12
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
12
18
20 19
34
36 39
40
41
43 43
44 45
44
45
49
51
60 59
61
PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries)
POPULATIONS < 20 MILLION (34 countries)
2016 2017 2018 2019 2020
2016 2017 2018 2019 2020
30
31
31
26
32
27
27
27
35
30
74
IMD WORLD COMPETITIVENESS BOOKLET 2020
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