Hungary slips to 63rd place in global competitiveness ranking

Budapest, September 30 (MTI) – Hungary has slipped to the 63rd place in the latest ranking of 140 countries based on competitiveness compiled by the World Economic Forum.

In the report released on Wednesday, Hungary fell by three places (the report included 144 countries a year earlier).

On a scale of 1-7, Hungary’s overall score edged down to 4.25 from 4.28 a year earlier.

Hungary reached higher scores in the category of health and primary education, the macroeconomic environment, higher education and training and technological readiness.

The lowest score was in innovation followed by institutions and business sophistication. Among efficiency enhancers, the country also received a low, 3.9 score on financial market development.

Hungary reached its highest ranking in the infrastructure category (48th) and the lowest in institutions (97th).

Hungary was preceded in the ranking by the Czech Republic in 31th place, Poland in 41th place and Romania in 53th place, but was ahead of Slovakia, in 67th place. These regional countries in contrast to Hungary saw a rise in their rankings.

Source: http://mtva.hu/hu/hungary-matters