Switzerland maintains first position for the 7th time

25.07.2017 08:45

Related tags

Zurich

Switzerland again ranks number 1 in the 10th edition of the Global Innovation Index (GII), making it the most innovative country in the world with an efficiency ratio of 0.95. Together with Sweden, the Netherlands, the United States of America, and the United Kingdom they make up the Top five.

This year’s Global Innovation Index focuses on innovation in agriculture and food systems under the theme ‘Innovation Feeding the World’. The GII aims to capture the multi-dimensional facets of innovation by providing a rich database of detailed metrics for 127 economies, which represent 92.5% of the world’s population and 97.6% of global GDP. The GII is concerned primarily with improving the journey towards a better way to measure and understand innovation and with identifying targeted policies and good practices that foster innovation.

In the 2017 GII Switzerland has maintained the first position, now for the seventh consecutive year. Sweden, which was in the third position now ranks second, Netherlands has also taken a step forward to the third position, the United States of America has also moved up from the fifth to the fourth position and the United Kingdom has taken a dramatic step back from the second position to the fifth.

The following countries make up the top 15 most innovative countries according to the 2017 G11:

  1. Switzerland
  2. Sweden
  3. Netherlands
  4. United States of America
  5. United Kingdom
  6. Denmark
  7. Singapore
  8. Finkand
  9. Germany
  10. Ireland
  11. Korea, Rep
  12. Luxemburg
  13. Iceland
  14. Japan
  15. France
Switzerland continues to lead the ranks due to its outstanding performance in all pillars of the GII model, particularly in terms of knowledge, technology and creativity, and in several other indicators, including the number of patents filed. Thanks to the favorable business environment and innovation capabilities, Switzerland has been successful in transforming its resources innovative outputs.

Economies strive to improve their innovation
Key findings show the rise of India as an emerging innovation centre in Asia, high innovation performance in sub-Saharan Africa relative to development and an opportunity to improve innovation capacity in Latin America and the Caribbean. Next to China, Japan, and the Republic of Korea, a group of Asian economies including Indonesia, Malaysia, Singapore, Thailand, the Philippines and Vietnam are actively working to improve their innovation ecosystems and rank high in a number of important indicators related to education, R&D, productivity growth, high-tech exports, among others.

Improvement from middle and lower-income economies
In 2016, China became the first-ever middle income economy in the top 25. A group of middle and lower-income economies perform significantly better on innovation than their current level of development would predict. A total of 17 economies comprise these ‘innovation achievers’ this year, a slight increase from 2016. In total, nine come from the sub-Saharan Africa region, including Kenya and Rwanda, and three economies come from Eastern Europe.

Launched by INSEAD in 2007, today the GII is co-published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO), a specialized agency of the United Nations. The 2017 edition of the GII draws on the expertise of its Knowledge Partners: the Confederation of Indian Industry, PricewaterhouseCoopers (PwC) and Strategy&, and the National Confederation of Industry (CNI) and Serviço Brasileiro de Apoio às Micro e Pequenas Empresas (Sebrae), as well as an Advisory Board of eminent international experts. For the seventh consecutive year, the Joint Research Centre (JRC) of the European Commission audited the GII calculations.

Further details to the report are available at GII 2017

Picture: Strecosa/Pixabay

(RAN)

Please login or
register to comment

Please login or sign up to comment. Commenting guidelines

Please login or
register to use the
bookmark feature

Related tags

Read more about

Principal

Partners

Contributors