The productivity of the workforce in the manufacturing industry in Hungary is close to stagnation
One of the central elements of the Hungarian economic development strategy is the development of Hungarian industry, for which a competitive, i.e. productive workforce is essential. Labor productivity measures how much each employee produces on average, i.e. how much an employed person contributes to GDP on average. In Hungary, labor productivity has shown very low growth in the manufacturing industry since 2010.
According to recent Eurostat data, the productivity of workers in the manufacturing industry in Hungary was 8% higher than in 2010. This lag is particularly unfavorable in an international comparison, as a significantly greater increase in productivity was observed in other countries. In Central and Eastern Europe, productivity increased by 11% in Romania, in the Czech Republic by 33%, in Poland by 39%, and in Slovakia by 58%, which means that Hungarian growth lagged behind that of all regional competitors. In the EU as a whole, productivity increased by 23%, i.e. 15% more than the Hungarian value. These trends shed a different light on the government’s criticisms of the European Union’s productivity. Hungary drags down the average productivity of the European Union, so instead of criticizing them, we should first approach them.
Labor productivity in manufacturing (2010=100%)[1]
Source: Eurostat
Our country’s competitiveness in the labor productivity of industry has decreased, which may make it more difficult to attract large industrial investments in the future, or at least the attractiveness of the domestic workforce. In order to avoid this, it may be extremely important to start vocational training courses and to support company training courses that increase the productivity of the domestic workforce, and thus at the same time the economic growth prospects of our country.
Related news
Survey: social utility is an important consideration when students choose a job
Social utility is a strong motivation for students when choosing…
Read more >Many more people would resign than last year if home office were abolished
The vast majority of employees are in favor of remote…
Read more >Artificial Intelligence in the Workplace: Who Uses AI?
The GKI conducted a survey in July on a representative…
Read more >Related news
New momentum in start-ups, but the decline in the number of companies has not stopped yet
A new wave of company formations hit the business sector…
Read more >New simplifications in sustainability reporting
On July 11, 2025, the European Commission adopted an amendment…
Read more >Three counties where Christmas is not the peak: retail trade is booming in the summer
Nationally, December is the peak month for retail: the holiday…
Read more >