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Global Opinions

Here Are The 60 Most Innovative Countries In The World For 2019

After falling out of the top-10 for the first time in 2018, the United States came in 8th on the Bloomberg’s list of World’s Most Innovative Countries For 2019. South Korea has retained its ranking as the most innovative country in the world.

Germany in second place is fast gaining a reputation as Europe’s tech start-up capital. Finland with a score of 85.70 came third on the list, followed by Switzerland with a score of 85.49. Israel came in at the 5th spot with a score of 84.78.

The United Kingdom fell one spot to 18th and lost out to China. It is for the first time that India (54th position) has made it to the rankings.

Based on data from sources including the World Bank, IMF and OECD, Bloomberg’s list annual list takes into account parameters such as spending on research and development expenditure as a percentage of GDP, manufacturing capabilities, productivity, patent activity, concentration of researchers, and concentration of high-tech companies.

Each country was scored on a 0-100 scale based on seven equally weighted categories. The top ten countries overall are South Korea, Germany, Finland, Switzerland, Israel, Singapore, Sweden, United States, Japan, and France.

Top 20 Most Innovative Countries In The World For 2019:

  1. South Korea
  2. Germany
  3. Finland
  4. Switzerland
  5. Israel
  6. Singapore
  7. Sweden
  8. United States
  9. Japan
  10. France
  11. Denmark
  12. Austria
  13. Belgium
  14. Ireland
  15. Netherlands
  16. China
  17. Norway
  18. United Kingdom
  19. Australia
  20. Canada

Best Countries In The World 2019:

Bloomberg Innovative Rank 2019CountryCEOWOLRD Startup Friendliness IndexCEOWOLRD Investment Index
1South Korea1921
2Germany625
3Finland2115
4Switzerland1151
5Israel431
6Singapore136
7Sweden926
8United States116
9Japan2332
10France1217
11Denmark1028
12Austria2533
13Belgium2952
14Ireland1713
15Netherlands2214
16China1524
17Norway3544
18United Kingdom216
19Australia145
20Canada334
21Italy2737
22Poland72
23Iceland5153
24New Zealand3740
25Czech Republic288
26Malaysia81
27Russia1838
28Luxembourg5254
29Romania3035
30Spain209
31Slovenia5330
32Hungary4947
33Turkey4619
34Portugal2648
35Greece3242
36Estonia1655
37Lithuania2456
38Hong Kong5457
39Slovakia3458
40Thailand5010
41Bulgaria4827
42Latvia3659
43Malta3860
44Croatia4036
45Brazil4220
46United Arab Emirates3145
47Iran5561
48Cyprus5662
49Serbia5763
50Argentina4139
51South Africa4464
52Tunisia5865
53Ukraine4349
54India57
55Kuwait5966
56Saudi Arabia6050
57Qatar6167
58Chile4523
59Mexico4722
60Vietnam6229

In January, the United States was ranked number 1 out of 50 countries on the CEOWORLD magazine’s “most startup friendly countries in the world” rankings. The index takes into consideration factors such as human capital investment, research and development, entrepreneurial infrastructure, technical workforce, and policy dynamics.

 

 

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Dr. Amarendra Bhushan Dhiraj
Dr. Amarendra Bhushan Dhiraj is the CEO and editorial director at CEOWORLD magazine, the leading global business magazine written strictly for CEOs, CFOs, top managers, company directors, investors, senior executives, business leaders, and high net worth individuals.