The Equilibrium Institute has published its Megatrend Index

by | Jan 20, 2021 | News

As a result of more than a year long academic research, our think tank’s Megatrend Index is now available.

The Megatrend Index evaluates and presents the economic, technological, ecological and social characteristics of Hungary and the European Union, using objective, comparative data analysis and a novel methodology.

In the future, the Megatrend Index will be published yearly, indicating important tendencies about a country’s preparedness for the next decade’s economic and social challenges. Furthermore, the index will illustrate what fields and sectors a country has to improve to become more successful and developed by 2030.

In the index, we examine five global trends. These trends are education, digitalization, sustainability, healthcare and social cohesion.

In each of these trends our indications do not illustrate a single, given year’s results – nor do they show a given government’s success or failure. We believe that it takes years to improve these tendencies, but if we start in time and with the right tools, a successful and happy Hungary is a realistically achievable goal by 2030.

According to the data provided by the latest Megatrend Index, Hungary is on the bottom of the middle league considering Europe. Social cohesion is where we score the best: here we rank 18th among the 27 EU countries plus the UK. We achieved the second-best score in the field of sustainability and education (we rank 19th on both indicators), followed by digitalisation (20th place). We rank the lowest in education among the five prominent megatrends of the 21st century, here we are only 24th.

The Megatrend Index measures and discovers significant changes within the European Union, which in the long-term help to compare EU member states’ development level, and also assist in identifying the level of national consciousness in key sectors.