According to Bloomberg’s latest innovation ranking, Hungary is placed as the 26th most innovative world-wide. Regarding manufacturing industry performance, Hungary is ranked as the 16th as a result of the high share of value added as percentage of GDP in this sector (high proportion in the economy) as well as the significant share of high-tech products within manufacturing exports. In addition, as far as R&D expenditures in the percentage of GDP concerned, among the regional peers Hungary is ahead of Poland and Slovakia.

For more details please check the attached document on the right side of the page!

(Ministry for National Economy)