According to the IBM Global Location Trends 2018 report, Hungary is still one of the best countries for foreign direct investments (FDI).In 2017, 17,500 new jobs have been created in Hungary which is the 7th best result globally per one million inhabitants. Based on the recently published data for 2017, Hungary has achieved remarkable results in the three main categories measuring job creation from various aspects. Hungary ranked 17th in the world taking overall job creation into account, which means the 7th position in Europe, ahead of Spain or Italy.
2017 was a record-breaking year for the Hungarian Investment Promotion Agency (HIPA) in every respect: job creation, total number of projects and total value generated by the investments.
The automotive industry is the backbone of the Hungarian national economy, and has the biggest share of the projects handled by HIPA.