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What is Global Innovation Index? - Answers

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What is Global Innovation Index?

World map depicts Global Innovation Index

Innovation triggers change- a change that enhances the quality of goods and services produced in an economy. As the quality of goods and services improves, the standard of living of the people also improves. Innovation, as understood by common man, is the better or different ways of seeing and doing things which is sophisticatedly known as ‘out of the box thinking.’

Innovation ensures a better utilization of the available resources. It is the backbone of a good economy. Given the right infrastructure and expert knowledge, innovative ideas can be well implemented. It opens up the gates of the global market for local manufacturers. In the race to match the global standards, they work in an efficient and effective manner.

Global Innovation Index (GII) is the annual ranking of the countries by their success and capacity in innovation. It is released under the collaboration of various organizations like the World Intellectual Property Organization, World Bank, INSEAD, World Economic Forum, along with a few more.

The 2016 statistics gives us the idea of how well innovation was implemented in the economies around the world.

Rank Economy Score
1 Switzerland 67.7
2 Sweden 63.8
3 Netherlands 63.4
4 United States of America 61.4
5 The United Kingdom 60.9
6 Denmark 58.7
7 Singapore 58.7
8 Finland 58.5
9 Germany 58.4
10 Ireland 58.1
11 Korea, Republic of 57.7
12 Luxembourg 56.4
13 Iceland 55.8
14 Japan 54.7
15 France 54.2
16 Hong Kong (China) 53.9
17 Israel 53.9
18 Canada 53.7
19 Norway 53.1
20 Austria 53.1
21 New Zealand 52.9
22 China 52.5
23 Australia 51.8
24 Czech Republic 51
25 Estonia 50.9
26 Malta 50.6
27 Belgium 49.9
28 Spain 48.8
29 Italy 47
30 Cyprus 46.8
31 Portugal 46.1
32 Slovenia 45.8
33 Latvia 44.6
34 Slovakia 43.4
35 United Arab Emirates 43.2
36 Bulgaria 42.8
37 Malaysia 42.7
38 Poland 42
39 Hungary 41.7
40 Lithuania 41.2
41 Croatia 39.8
42 Romania 39.2
43 Turkey 38.9
44 Greece 38.8
45 Russia 38.8
46 Chile 38.7
47 Viet Nam 38.3
48 Montenegro 38.1
49 Qatar 37.9
50 Ukraine 37.6
51 Thailand 37.6
52 Mongolia 37.1
53 Costa Rica 37.1
54 Moldova, Republic of 36.8
55 Saudi Arabia 36.2
56 Kuwait 36.1
57 South Africa 35.8
58 Mexico 35.8
59 Armenia 35.7
60 India 35.5
61  Macedonia 35.4
62 Serbia 35.3
63 Panama 35
64 Mauritius 34.8
65 Colombia 34.8
66 Bahrain 34.7
67 Uruguay 34.5
68 Georgia 34.4
69 Brazil 33.1
70 Peru 32.9
71 Brunei 32.9
72 Morocco 32.7
73 Philippines 32.5
74 Tunisia 32.3
75 Iran 32.1
76 Argentina 32
77 Oman 31.8
78 Kazakhstan 31.5
79 Dominican Republic 31.2
80 Kenya 31
81 Lebanon 30.6
82 Azerbaijan 30.6
83 Jordan 30.5
84 Jamaica 30.4
85 Paraguay 30.3
86 Bosnia and Herzegovina 30.2
87 Indonesia 30.1
88 Belarus 30
89 Botswana 30
90 Sri Lanka 29.9
91 Trinidad and Tobago 29.7
92 Ecuador 29.1
93 Albania 28.9
94 Tajikistan 28.2
95 Kyrgyzstan 28
96 Tanzania 28
97 Namibia 27.9
98 Guatemala 27.9
99 Rwanda 27.4
100 Senegal 27.1
101 Cambodia 27
102 Uganda 27
103 El Salvador 26.7
104 Honduras 26.4
105 Egypt 26
106 Bolivia 25.6
107 Mozambique 24.5
108 Algeria 24.3
109 Nepal 24.2
110 Ethiopia 24.2
111 Madagascar 24.2
112 Cote dIvoire 24
113 Pakistan 23.8
114 Bangladesh 23.7
115 Malawi 23.5
116 Benin 23
117 Cameroon 22.6
118 Mali 22.5
119 Nigeria 21.9
120 Burkina Faso 21.9
121 Zimbabwe 21.8
122 Burundi 21.3
123 Niger 21.2
124 Zambia 20.8
125 Togo 18.4
126 Guinea 17.4
127 Yemen 15.6

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