The Global Innovation Index (GII) which annually ranks countries by their capacity for, and success in, innovation since 2007, has declared its ranking of 2019. The GII is released by Cornell University, INSEAD, and the World Intellectual Property Organization in association with other organisation including the International Telecommunication Union, the World Bank and the World Economic Forum.
Down below we’ve listed the 10 Most Innovative Countries In The World according to the Global Innovation Index. GII also pointed out that, “Despite signs of slowing economic growth, innovation continues to blossom, particularly in Asia”. The report also shows that countries like China, India, South Africa, Chile, Israel and Singapore, Viet Nam and Rwanda have shown significant growth. Another popular innovation index is the Bloomberg Innovation Index, which also mentioned notable growth from countries such as India, Mexico, Vietnam and Saudi Arabia.
Here are the 10 Most Innovative Countries In The World according to the Global Innovation Index. Later in the article, we’ve also mentioned the top 10 countries from the Bloomberg Innovation Index.
1. Switzerland (67.24):
The World Intellectual Property Organization named Switzerland as the world’s most innovative country in the Global Innovation Index, which was announced at New Delhi, India. One of the most developed countries in the world, Switzerland enjoys a high-tech economy and great wealth. It is one of the top countries on the Index of Economic Freedom. It also scores highly in rankings like economic competitiveness and human development.
2. Sweden (63.65):
Closely following Switzerland is Sweden, the second most innovative country in the world. One of the richest countries by GDP, Sweden maintains a Nordic social welfare system that provides universal health care and tertiary education for its citizens. The citizens of Sweden enjoys a high quality of life, great health, education, protection of civil liberties, economic competitiveness, equality, prosperity and human development. Sweden’s scientific revolution took off in the 18th century and since then the traditional engineering industry has become a major source of Swedish inventions. The pharmaceuticals, electronics and other high-tech industries are also growing.
3. United States of America (61.73):
The United States has been a leader in technological innovation since the late 19th century and it’s ranked as the third most innovative country in the world by GII. Even after some recent struggles, the States continues to grow and rank high in measures of socioeconomic performance, human development, and worker productivity and scientific innovations. It is the most powerful country in the world for now and it leads in political, cultural, and scientific areas internationally.
4. Netherlands (61.44):
The Netherlands is one of the most highly developed countries which is known for its social tolerance. The Netherlands was previously named the 2nd most innovative country in the world. The people of the Netherlands enjoys a high level of economic freedom, press freedom, human development, and quality of life. The Netherlands is also has been ranked as one of the happiest countries in the world.
5. The United Kingdom (61.30):
The United Kingdom is a highly developed and one of the richest countries in the world. The UK regularly ranks at the top in human development and high-income economy. From the 17th century, England and Scotland were leading centres of the Scientific Revolution. From the 18th century, the Industrial Revolution took off in the United Kingdom and has continued to produce scientists and engineers credited with important advances. The UK was the first industrialised country in the world. It has a significant influence on the economy, culture, military, science and politics, internationally. Scientific research and development remain a top priority in British universities.
6. Finland (59.83):
Finland has been named the sixth most innovative country in the world with being highly productive in scientific research. It had the fourth most scientific publications per capita of the OECD countries in 2005. It also has been named as the happiest country in the World Happiness Report report for 2018 and 2019. Finland has one of the most rapidly developed and advanced economies. It performs greatly in education, economic competitiveness, civil liberties, quality of life, and human development as well as on the Press Freedom Index, the Fragile States Index and in the Global Gender Gap Report.
7. Denmark (58.44):
Denmark has been involved in the scientific and technological invention from the beginning of the scientific revolution. It has been a part of many international science and technology projects, including CERN, ITER, ESA, ISS and E-ELT. Danish companies have been a great influence in designing the largest and most energy-efficient container ships in the world, the Maersk Triple E class and also the MAN Diesel engines. From programming language to medical science, innovative Denmark has been a great influence in the world.
8. Singapore (58.37):
In 2015 The World Economic Forum’s, Global Technology Report placed Singapore as the most “Tech-Ready Nation”. Information and communications technologies (ICT) is one of the pillars of this high tech country. The economy of Singapore is diversified, with its top contributors including financial services, manufacturing, oil-refining, mainly refined petroleum, integrated circuits and computers. Singapore is known as one of the least corrupt countries and one of the top countries in Ease of doing business index. The economy of Singapore is known as one of the freest, most innovative, most competitive, most productive and most business-friendly.
9. Germany (58.19):
Germany has been a leading country in science and technology. After South Korea, Germany produces the second-highest number of graduates in science and engineering. In the field of science especially in physics, chemistry, and physiology or medicine, German laureates had more awards than those of any other nation. Germany is home to 108 Nobel Prize winner laureates. Germany is also committed to the Paris Agreement and several other treaties. It is one of the leading countries in promoting biodiversity, low emission standards, water management, and renewable energy commercialisation. It has one of the highest household recycling rate (65%).
10. Israel (57.43):
Israel is an OECD member and has one of the largest economies in the world by GDP. It has the highest standard of living in the Middle East and also ranks among the top countries in the percentage of citizens holding a tertiary education degree, Research and development, women’s safety, life expectancy, innovativeness, and happiness. Israel is best known for its innovation in technologies in software. In Israel, per 10,000 employees, 140 are scientists, technicians, and engineers, the highest in the world. Since 2004, Israel has produced six Nobel Prize-winning scientists. It is also one of the countries with the highest ratios of scientific papers per capita in the world.
Apart from these countries, the least innovative country in the world is named Yemen (14.49), next to it is Burundi, which is following Niger, Togo, Guinea, Zambia, Benin, Zimbabwe, Madagascar and Nicaragua (22.55) respectively.
The Top 10 Most Innovative Countries In The World According To The Bloomberg Innovation Index Are:
1. South Korea
8. United States