Significant labour market mismatches and insufficient mobility penalise employment and productivity. Mismatches have above all a skills dimension, with an excess of low-skilled workers and a possible lack of skilled workers in certain domains.
The average worker in Hungary faced a tax burden on labour income (tax wedge) of 49.0% in 2013 compared with the OECD average of 35.9%. Hungary was ranked 4 of the 34 OECD member countries in this respect.
Hungary exited recession in 2013, but growth potential remains held back by weak investment, low employment among low-skilled workers and shortcomings in labour and product markets. These factors also weigh on social indicators.
These country notes contain indicators which compare the political and institutional frameworks of national governments as well as revenues and expenditures, employment, and compensation. They include a description of government policies on integrity, e-government and open government.
OECD Secretary-General Angel Gurría welcomed today Hungary’s steps to strengthen international tax co-operation after it became the 61st signatory to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.
Education at a Glance 2013 - Country notes and key fact tables
The workshop identified key challenges in the design and implementation of one-stop shops in Hungary and ways to address them.
Swift action is needed to stabilise the Hungarian economy and put growth on a sound footing for a durable recovery, according to the latest Economic Survey of Hungary. Strengthening the credibility and predictability of domestic policies and undertaking much-needed fiscal consolidation will be key.
Korea tops a new OECD PISA survey that tests how 15-year olds use computers and the Internet to learn. The next best performers were New Zealand, Australia, Japan, Hong-Kong China and Iceland.