digitalisation

While the weight of the Hungarian digital economy in terms of value added (GVA) has stagnated at around 18% of the GVA in the national economy in recent years, its weight in employment has increased by more than a quarter since the previous survey. In total, the digital economy provided direct or indirect livelihoods for around 935,000 employees in 2022, representing 19.9% of the Hungarian workforce in that year. A technology-driven development path could provide a further powerful boost to the Hungarian digital economy, increasing its GVA generation capacity by nearly HUF 1,500 billion by 2030, which would put Hungary among the most technologically advanced countries in the European Union—finds the research conducted in cooperation between Századvég and IVSZ on behalf of the Ministry for National Economy in the summer of 2024.

The circular economy, which has so far been understood primarily in the context of sustainability and climate protection, is increasingly becoming integrated into the efficiency and competitiveness considerations of national economies and businesses, making the extent to which the relevant actors apply digital solutions a critical factor, revealed the research project of the Digital Business Unit of Századvég Konjunktúrakutató at the end of 2023.

The industrial strategies of the world’s leading industrial economies, as well as those of the European countries that stand out in terms of industrial output, have in common that there is a clear technological focus in the assessment of the situation, the setting of priorities and targets, and the toolbox: challenges, targets and proposed measures are essentially examined and defined in terms of digital technology opportunities, according to research conducted by the Digital Business Unit of Századvég Konjunktúrakutató at the end of 2023.