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.