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The Oeconomus Economic Research Foundation has updated its Oeco-Index, an economic and development indicator, for 2025, based on the World Bank’s latest data series for 2023 and 2024. According to the latest ranking, Hungary remains among the developed countries, ranking 35th globally and 18th among European Union Member States. In the latter ranking, Hungary is ahead of Member States such as Romania, Poland, Italy, Latvia, and Slovakia, among others.
Based on 2022 data, Hungary ranked 34th in the world and 18th in the EU in the previous ranking. Péter Törcsi, Chairman of the Board of Trustees at the Oeconomus Economic Research Foundation, commented on the changes observed in the latest edition of the index during a press event held on Wednesday to present the results. He stressed that
indeed, Hungary dropped one place in the Oeco-Index compared to the previous year, but still ranks 35th out of 164 countries.
The Oeco-Index reflects the impact of geopolitical tensions and armed conflicts, which has led to a decline in the indicator for many countries. The primary objective of the Oeco-Index economic indicator is not to draw conclusions based on the favorable or unfavorable movement of a single metric, but rather to track the combined changes across multiple indicators in order to provide a more comprehensive assessment of a country’s economic development and competitiveness.
Researchers used a total of 25 sub-indicators for the index, covering economic, social, and political dimensions that are published with sufficient frequency and are available for a wide range of countries in the World Bank database. The complex indicator makes it possible to compare individual countries and regions and to monitor changes over time. According to the researchers, the methodological approach allows them to include additional dimensions illustrating development, and to change the weighting of social, economic, and political factors.
As noted by the researchers, the indicator is suitable for learning about the practices of well-performing countries at the sub-indicator level, and for adopting the approaches they follow. Therefore, the Oeco-Index becomes not only a tool for measuring development, but also a guide for learning from the best-performing countries and applying their successful strategies.
Via Oeconomus Economic Research Foundation, Featured photo: Hungary Today