Startup Ecosystem Hungary
Hungary Startup density
Hungary’s startup ecosystem has evolved into a key player in Central and Eastern Europe (CEE), driven by a supportive business environment, strategic government initiatives, and a growing pool of entrepreneurial talent. The country's dynamic ecosystem has attracted both local and international investors, fostering innovation across diverse tech sectors.
Hungary Funding volume
Hungary’s startup ecosystem experienced a significant contraction in venture capital investment in 2023, mirroring global trends of economic uncertainty and reduced funding. After a record-breaking year in 2022, investment volume dropped by over 60%, reflecting the downturn across Europe.
Hungary Investment in key sectors
Hungary's economic development is closely tied to its strategic focus on technology and education, with both sectors receiving strong public and private investments. These investments foster innovation, workforce development, and global competitiveness.
Hungary Innovation index
Hungary continues to strengthen its position in global innovation through strategic investments in research and development (R&D), patent activity, and high-tech industries. The Global Innovation Index (GII) 2024 ranks Hungary 36th out of 133 economies, a slight decline from 35th in 2023. Despite this small drop, Hungary remains one of the most innovative economies in Central and Eastern Europe (CEE) and maintains a strong high-income economy status.
Hungary Export/Import Ratio
Hungary, a Central European nation bordered by Slovakia, Ukraine, Austria, Romania, Serbia, Croatia, and Slovenia, experienced notable trade dynamics in 2023. The country exported goods worth US$160.8 billion, marking a 31.6% increase from 2019’s $122.2 billion and a year-over-year rise of 7.3% from $149.9 billion in 2022. Simultaneously, Hungary imported goods valued at $148 billion, a 6.55% decline from $159 billion in 2022. This trade activity resulted in a $12.8 billion trade surplus, reversing the previous year’s $9.1 billion deficit.
