Page 23 - Kiadvany

BUSINESS SECTOR
An increasingly innovative corporate sector

Due to their role in creating jobs, SMEs are the driving force of the Hungarian economy. The number and share of businesses
engaged in innovation have steadily increased in recent years. Currently, almost every third Hungarian business (30.2%) is
engaged in innovation: Hungary’s performance in the European Innovation Scoreboard (EIS), specifically in the “Innovative
Enterprises” dimension, has improved by 18.8 percentage points between 2017 and 2024.

Budapest has the highest proportion of businesses engaged in innovation (36.9%) and implementing product and/or
business process innovation (33%).

Businesses engaged in innovation (2014–2022)

7,000 30.2%* 35%

6,000 30%
25.6%
25%
5,000
20%
4,000
15%
3,000

2,000 10%

1,000 5%

0 0%
2014 2016 2018 2020 2022

Share of businesses engaged in innovation (%) Number of businesses engaged in innovation

Source: HSCO­CIS *Calculated on an updated statistical methodology

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