Published: November 21 2023
Budapest has the highest percentage of adults employed in high-value brain business jobs compared to other regions in Europe, according to the Geography of Europe's Brain Business Jobs report. This includes knowledge-intensive occupations as well as work in manufacturing industries and professional services.
Budapest's Leading Position
In Budapest, 23.9% of adults are employed in brain business jobs, which is significantly higher than the average of 5.8% in European regions. The share of knowledge-intensive workers in Budapest is 312% higher than the European average.
High-Value-Creating Jobs
Not only does Budapest lead in knowledge-intensive occupations, but it also boasts the highest share of adults employed in high-value-creating jobs across Europe. Fully 65.4% of adults in Budapest are employed in these jobs, compared to the average of 31.2% in European regions.
Impact on Regional Unemployment
The index findings highlight the importance of brain business jobs in reducing regional unemployment. For every 1% increase in the share of the population employed in high-value-creating jobs, regional unemployment decreases by 0.21%.
Regional Breakdown
In terms of total numbers, Budapest has 253,300 brain business jobs, making it the second-highest in Eastern Europe after Warsaw. Paris has the highest number of brain business jobs in Europe, followed by London. The most common brain business job activity in Budapest is programming, employing 66,900 adults.
While Budapest takes the top spot in the index, other regions in Eastern Europe, Western Europe, the Nordics, and Southern Europe also feature in the top 10.
Overall, the report emphasizes the importance of brain business jobs in stimulating job creation and generating exports for regions. It also highlights the correlation between competitive taxes and the growth of knowledge-intensive jobs.
Questions & Answers
What is the percentage of adults employed in brain business jobs in Budapest? In Budapest, 23.9% of adults are employed in brain business jobs, which is the highest share in all of Europe.
How does this percentage compare to the average European region? The share of knowledge-intensive workers in Budapest is 312% higher than the average European region, where only 5.8% of adults work in brain business jobs.
What are high-value-creating jobs? High-value-creating jobs include not only the most knowledge-intensive occupations but also work in manufacturing industries and professional services.
What is the percentage of adults employed in high-value-creating jobs in Budapest? Fully 65.4% of adults in Budapest are employed in high-value-creating jobs, which is again the highest share in all of Europe.
How does this percentage compare to the average European region? In the average European region, 31.2% of adults are employed in high-value-creating jobs.
What is the total number of brain business jobs in Budapest? There are 253,300 brain business jobs in Budapest, which is the highest share of adults employed.
Which field of brain business jobs is the most common in Budapest? The largest group of brain business jobs in Budapest is programming, which employs 66,900 adults.
How many brain business jobs are there in Warsaw? In Warsaw, there are 285,400 brain business jobs, which is the highest total number in Eastern Europe.
Which European city has the highest number of brain business jobs? Paris has the highest total number of brain business jobs, with nearly 1.3 million individuals employed.
Which European city is the second highest in terms of brain business jobs? London is the second-highest with nearly 947,000 individuals employed in brain business jobs.
How many brain business jobs are there in Bratislava? The Slovakian capital region of Bratislava has the highest concentration of brain business jobs per capita, but the exact number is not mentioned in the article.
