diff --git a/.changeset/yellow-rings-invent.md b/.changeset/yellow-rings-invent.md
new file mode 100644
index 0000000000..f0335ff492
--- /dev/null
+++ b/.changeset/yellow-rings-invent.md
@@ -0,0 +1,5 @@
+---
+'@backstage/core-components': patch
+---
+
+MissingAnnotationEmptyState component can now dynamically generate a YAML example based off the current entity being used.
diff --git a/packages/core-components/package.json b/packages/core-components/package.json
index d8cc5057ff..e68320ad0c 100644
--- a/packages/core-components/package.json
+++ b/packages/core-components/package.json
@@ -33,9 +33,11 @@
     "start": "backstage-cli package start"
   },
   "dependencies": {
+    "@backstage/catalog-model": "workspace:^",
     "@backstage/config": "workspace:^",
     "@backstage/core-plugin-api": "workspace:^",
     "@backstage/errors": "workspace:^",
+    "@backstage/plugin-catalog-react": "workspace:^",
     "@backstage/theme": "workspace:^",
     "@backstage/version-bridge": "workspace:^",
     "@date-io/core": "^1.3.13",
diff --git a/packages/core-components/src/components/EmptyState/MissingAnnotationEmptyState.tsx b/packages/core-components/src/components/EmptyState/MissingAnnotationEmptyState.tsx
index 9fc9eee959..c89129670a 100644
--- a/packages/core-components/src/components/EmptyState/MissingAnnotationEmptyState.tsx
+++ b/packages/core-components/src/components/EmptyState/MissingAnnotationEmptyState.tsx
@@ -25,23 +25,8 @@ import { CodeSnippet } from '../CodeSnippet';
 import { Link } from '../Link';
 import { EmptyState } from './EmptyState';
 
-const COMPONENT_YAML_TEMPLATE = `apiVersion: backstage.io/v1alpha1
-kind: Component
-metadata:
-  name: example
-  description: example.com
-  annotations:
-    ANNOTATION: value
-spec:
-  type: website
-  lifecycle: production
-  owner: user:guest`;
-
-const ANNOTATION_REGEXP = /^.*ANNOTATION.*$/m;
-const ANNOTATION_YAML = COMPONENT_YAML_TEMPLATE.match(ANNOTATION_REGEXP)![0];
-const ANNOTATION_LINE = COMPONENT_YAML_TEMPLATE.split('\n').findIndex(line =>
-  ANNOTATION_REGEXP.test(line),
-);
+import { useEntity } from '@backstage/plugin-catalog-react';
+import { Entity } from '@backstage/catalog-model';
 
 type Props = {
   annotation: string | string[];
@@ -62,19 +47,38 @@ const useStyles = makeStyles<BackstageTheme>(
   { name: 'BackstageMissingAnnotationEmptyState' },
 );
 
-function generateLineNumbers(lineCount: number) {
-  return Array.from(Array(lineCount + 1).keys(), i => i + ANNOTATION_LINE);
+function generateYamlExample(
+  annotations: string[],
+  entity?: Entity,
+): { yamlText: string; lineNumbers: number[] } {
+  const kind = entity?.kind || 'Component';
+  const name = entity?.metadata.name || 'example';
+  const type = entity?.spec?.type || 'website';
+  const owner = entity?.spec?.owner || 'user:default/guest';
+
+  const yamlText = `apiVersion: backstage.io/v1alpha1
+kind: ${kind}
+metadata:
+  name: ${name}
+  annotations:${annotations.map(ann => `\n    ${ann}: value`).join('')}
+spec:
+  type: ${type}
+  owner: ${owner}`;
+
+  let line = 6; // Line 6 is the line number that annotations are added to.
+  const lineNumbers: number[] = [];
+  annotations.forEach(() => {
+    lineNumbers.push(line);
+    line++;
+  });
+
+  return {
+    yamlText,
+    lineNumbers,
+  };
 }
 
-function generateComponentYaml(annotations: string[]) {
-  const annotationYaml = annotations
-    .map(ann => ANNOTATION_YAML.replace('ANNOTATION', ann))
-    .join('\n');
-
-  return COMPONENT_YAML_TEMPLATE.replace(ANNOTATION_YAML, annotationYaml);
-}
-
-function generateDescription(annotations: string[]) {
+function generateDescription(annotations: string[], entityKind = 'Component') {
   const isSingular = annotations.length <= 1;
   return (
     <>
@@ -87,13 +91,21 @@ function generateDescription(annotations: string[]) {
           </>
         ))}{' '}
       {isSingular ? 'is' : 'are'} missing. You need to add the{' '}
-      {isSingular ? 'annotation' : 'annotations'} to your component if you want
-      to enable this tool.
+      {isSingular ? 'annotation' : 'annotations'} to your {entityKind} if you
+      want to enable this tool.
     </>
   );
 }
 
 export function MissingAnnotationEmptyState(props: Props) {
+  let entity: Entity | undefined;
+  try {
+    const entityContext = useEntity();
+    entity = entityContext.entity;
+  } catch (err) {
+    // ignore when entity context doesnt exist
+  }
+
   const { annotation, readMoreUrl } = props;
   const annotations = Array.isArray(annotation) ? annotation : [annotation];
   const url =
@@ -101,23 +113,25 @@ export function MissingAnnotationEmptyState(props: Props) {
     'https://backstage.io/docs/features/software-catalog/well-known-annotations';
   const classes = useStyles();
 
+  const entityKind = entity?.kind || 'Component';
+  const { yamlText, lineNumbers } = generateYamlExample(annotations, entity);
   return (
     <EmptyState
       missing="field"
       title="Missing Annotation"
-      description={generateDescription(annotations)}
+      description={generateDescription(annotations, entityKind)}
       action={
         <>
           <Typography variant="body1">
-            Add the annotation to your component YAML as shown in the
+            Add the annotation to your {entityKind} YAML as shown in the
             highlighted example below:
           </Typography>
           <Box className={classes.code}>
             <CodeSnippet
-              text={generateComponentYaml(annotations)}
+              text={yamlText}
               language="yaml"
               showLineNumbers
-              highlightedNumbers={generateLineNumbers(annotations.length)}
+              highlightedNumbers={lineNumbers}
               customStyle={{ background: 'inherit', fontSize: '115%' }}
             />
           </Box>
diff --git a/plugins/vault/src/components/EntityVaultCard/EntityVaultCard.test.tsx b/plugins/vault/src/components/EntityVaultCard/EntityVaultCard.test.tsx
index f46aa1e4c2..9450ddc41d 100644
--- a/plugins/vault/src/components/EntityVaultCard/EntityVaultCard.test.tsx
+++ b/plugins/vault/src/components/EntityVaultCard/EntityVaultCard.test.tsx
@@ -46,7 +46,7 @@ describe('EntityVaultCard', () => {
       </EntityProvider>,
     );
     expect(
-      rendered.getByText(/Add the annotation to your component YAML/),
+      rendered.getByText(/Add the annotation to your Component YAML/),
     ).toBeInTheDocument();
   });
 });
diff --git a/yarn.lock b/yarn.lock
index a1c2c0c308..3badc585b4 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -3973,11 +3973,13 @@ __metadata:
   version: 0.0.0-use.local
   resolution: "@backstage/core-components@workspace:packages/core-components"
   dependencies:
+    "@backstage/catalog-model": "workspace:^"
     "@backstage/cli": "workspace:^"
     "@backstage/config": "workspace:^"
     "@backstage/core-app-api": "workspace:^"
     "@backstage/core-plugin-api": "workspace:^"
     "@backstage/errors": "workspace:^"
+    "@backstage/plugin-catalog-react": "workspace:^"
     "@backstage/test-utils": "workspace:^"
     "@backstage/theme": "workspace:^"
     "@backstage/version-bridge": "workspace:^"