The main sector in which R+D activities were performed in 2016 was the business enterprise sector in all member states, far outsizing the government sector, the higher education sector and the private non-profit sector.

The highest share of R+D expenditure by the business sector was in Slovenia at 76 percent, followed by 74 percent in Hungary and 73 percent in Bulgaria.

Last year total R+D expenditures in Hungary reached 1.372 billion euros, some 1.21 percent of GDP. In 2016 EU members all together spent 302 billion euros on R+D, equalling 2.03 percent of total GDP.

Republished with permission of Hungary Matters, MTI’s daily newsletter.