Hungary’s competitiveness deteriorates, slips by 2 places

Hungary in 2023 slipped by two places in the competitiveness rankings of the EU’s 27 countries, to 19th place, the central bank (NBH) has said in a report.

Hungary’s competitiveness slips

This places Hungary a tad below the average of the Visegrad Group countries, and more so compared with the five northern member states with the most sustainable growth trajectories, Zsolt Kuti, the bank’s executive director responsible for monetary policy, financial analyses and statistics, told an online press conference on Thursday, commenting on the NBH 2023 Competitiveness Report.

In nine of 14 areas covered by the report, such as the quality of education and health care as well as digitalisation, Hungary’s performance slid, he noted.

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