Entrepreneurial activity plays a crucial role in driving economic growth and societal development through proactive and innovative approaches. This impact extends beyond direct economic and labour market outcomes. Therefore, understanding entrepreneurship, including public perception, entrepreneurial mindset, and the overall entrepreneurial environment is important for entrepreneurs, aspiring entrepreneurs, and policymakers. By studying entrepreneurship and exploring entrepreneurial attitudes and plans, valuable insights can be gained that benefit academia and society as a whole. The Global Entrepreneurship Monitor (GEM) is the largest survey of entrepreneurship in the world. It has been providing reliable data on entrepreneurial activity and the state of the entrepreneurial ecosystem in participating economies since 1999. Budapest Business University has been representing Hungary in this global survey since 2020, joining other renowned universities worldwide. Hungary’s data collection is managed by BBU Budapest LAB - Office for Entrepreneurship Development, marking the third year of their involvement. The survey consists of a representative questionnaire administered to 2023 adults aged 18 to 64 and interviews conducted with 36 experts selected based on strict criteria. This report summarises the Hungarian research results and provides information on the state of the entrepreneurial climate, activity, and ecosystem in Hungary. It also allows for comparisons of the data across Europe and the world.