R&D spending in Hungary increased 3.3% last year to HUF 245.7 billion ($1,483 million) to make up 0.97% of GDP, down from 1% in 2006. Private funding accounted for 44% of R&D expenditures, the government represented 44%, while foreign funding made up 11% and nonprofits represented 1%. Basic and applied research accounted for 16% of funding, while development represented 39%. Source: Hungary Central Statistical Office