Page 10 - Kiadvany

INNOVATION ECOSYSTEM
RDI landscape

Hungary’s research, development and innovation (RDI) funding has been growing dynamically. In 2023, R&D expenditures

exceeded HUF 1,000 billion (EUR 2.5 billion), accounting for 1.39% of the GDP. 72.7% of R&D expenditures were spent by
businesses, 15.8% by higher education institutions, and 11% by state research institutions and other public research entities.

The private sector plays an increasingly significant role in R&D spending: in 2023, businesses accounted for nearly
three­quarters of total expenditures, as opposed to 50% seen fifteen years ago.

HUNGARY INVESTED A RECORD AMOUNT, HUF 1,041 BILLION (EUR 2.6 BILLION) IN R&D IN 2023

Evolution of domestic R&D expenditure*
Million EUR (left axis, bar chart) and share of GDP (right axis)

3,000 Total, as a percentage of GDP 1.8
2,750 Private 1.6
2,500 Public 1.39
2,250 Foreign 500 1.4
2,000 313 450 1.2
1,750 1.13 320 803 1.0
1,500 243 230 795 795
1,250 193 585 625 0.8
1,000 175 193 175 178 530 0.6
750 95 113 140 378 370 280 112 413 1,285 0.4
500 305 320 335 855 928 968 1,148 1,033
250 368 400 425 493 533 583 603 680 0.2
0 0.0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Source: HCSO * Due to their low shares, the “higher education” and “other domestic” sources are not displayed, for the sake of better visibility.
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