Are you sure?

Hungary 5th in IBM ranking of investment job value

Hungary placed fifth on a list of top-ranking destination countries in terms of the average value of jobs created as a result of foreign investment projects in 2016, according to the latest IBM Global Location Trends report.

The list, one of several rankings in the latest IBM report, which monitors global location trends through new foreign investment, put only Ireland, Denmark, Singapore and the Netherlands ahead of Hungary, Róbert Ésik, president of the Hungarian Investment Promotion Agency (HIPA), told state news agency MTI yesterday.

The list is based on assessments of investments made in 2016.    Decisions taken last year created 18,900 jobs in Hungary, the ninth highest number in the world relative to the countryʼs population, added MTI.

When looking at the average value of investment projects compared to that based on the volume of job creation, the report drew attention to the high ranking of Hungary in this respect.

"While this ranking continues to be dominated by mature economies, it is of interest to note the presence of Hungary and Costa Rica in the top ten. These countries have successfully transitioned toward higher-value investment in recent years. It is particularly impressive that both countries have managed to achieve a significant increase in the volume of investment as measured by the number of jobs created combined with an increase in the average value of projects," said the report.

In other rankings, Hungary placed 15th in the list of top-ranking destination countries in terms of estimated jobs created, and ninth among top-ranking destination countries by estimated jobs per million inhabitants.

When looking at the number of jobs created relative to population size, the countries of the Western Balkans again had an impressive performance in 2016, said the report. Serbia and Macedonia ranked first and third in the world on this measure, with both countries
continuing to build on the strong momentum they have developed in the last three to four years, it added.