Despite the the record-breaking season, Hill has tipped McLaren to become a genuine contender at the front of the grid when the action resumes.
"I really do think [that]," Hill said. "The only thing that could be flattering that is that Red Bull has stopped developing their car and allowed people to catch up, so it looks like it might be closer than it really is.
"But it's harder and harder to wring the last drops out of a set of regulations and I think McLaren are doing a fantastic job and I really do think that they can keep that going.
"They've already cracked most of the problems and brought out a competitive car this season anyway."
Despite a challenging start to the campaign, McLaren staged a remarkable comeback in the second half of the year.
Ultimately, they secured fourth place in the drivers' championship, with Lando Norris narrowly missing out on P4 in the drivers' standings by just one point following his fifth-place result at the Abu Dhabi Grand Prix.
And after his success, pundit Naomi Schiff agreed with Hill's verdict.
"Lando is the driver on the grid who has the second biggest points haul in the second half of the season after Max Verstappen so that in itself is hugely positive," she said.
"I think he's even left a couple of points on the table sometimes, making a few mistakes when he had a car that could really perform.
"But you've got to give a big hats off to Lando. He's been extremely patient in that McLaren for it to come to this point where he's finally got some equipment that puts him on the podium.
"I was a bit excited when he said that he said he's hoping for his first year next year."
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