Ease of doing business index for Hungary
ICBUSEASEXQHUN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business Index for Hungary measures the country's regulatory environment and its impact on business operations. This key indicator provides insights into the overall business climate and helps policymakers identify areas for improvement.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Ease of Doing Business Index assesses various factors that affect a country's business environment, including the ease of starting a business, obtaining construction permits, getting electricity, registering property, obtaining credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. The index helps investors and businesses assess the feasibility of operating in a given market.
Methodology
The index is calculated by the World Bank based on surveys and data collected from government agencies, law firms, and other experts.
Historical Context
The Ease of Doing Business Index is widely used by policymakers, investors, and businesses to understand the regulatory landscape and make informed decisions about market entry and expansion.
Key Facts
- Hungary's Ease of Doing Business Index score in 2022 was 73.4 out of 100.
- Hungary ranks 52nd out of 190 economies in the Ease of Doing Business Index.
- The index is based on 10 areas of business regulation, including starting a business and paying taxes.
FAQs
Q: What does the Ease of Doing Business Index for Hungary measure?
A: The Ease of Doing Business Index for Hungary measures the country's regulatory environment and its impact on business operations, including factors like starting a business, obtaining permits, and trading across borders.
Q: Why is the Ease of Doing Business Index relevant for users or analysts?
A: The index provides valuable insights into the overall business climate in Hungary, which is crucial for investors, businesses, and policymakers when evaluating market opportunities and identifying areas for regulatory reform.
Q: How is the Ease of Doing Business data collected or calculated?
A: The index is calculated by the World Bank based on surveys and data collected from government agencies, law firms, and other experts.
Q: How is the Ease of Doing Business Index used in economic policy?
A: Policymakers use the index to identify areas for regulatory improvement and inform decisions that can enhance the country's business environment and attract investment.
Q: Are there any update delays or limitations with the Ease of Doing Business Index?
A: The index is published annually, and there may be delays in data collection and reporting. Additionally, the methodology and indicators used in the index can evolve over time, which may affect comparisons across years.
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Citation
U.S. Federal Reserve, Ease of doing business index for Hungary (ICBUSEASEXQHUN), retrieved from FRED.