The United Kingdom has fallen one places in a prestigious ranking of the world’s most innovative countries. After last year being ranked 17th most innovative country worldwide by the Bloomberg index, the UK has dropped to 18th place in the 2019 edition.
The UK’s highest scores were in Tertiary Efficiency —- defined as total enrollment in tertiary education, where it was ranked 5th worldwide, High-Tech Density —- defined as the number of domestically domiciled high-tech public companies (14th), and Patent Activity (19th).
South Korea and Germany led the index, ranking 1st and 2nd respectively, followed by Finland, Switzerland, and Israel. Singapore took 6th place, Sweden s7th, and the US, Japan, and France came in at 8th, 9th and 10th. Vietnam was ranked last with a score of 45.92, preceded by Mexico, with a score of 46.
To create the index, American news website measures factors across 7 criteria: research & development spending, manufacturing capability, concentration of high-tech public companies, patent activity, research personnel concentration, tertiary education, and productivity.
|Bloomberg Innovative Rank 2019||Country||CEOWOLRD Startup Friendliness Index||CEOWOLRD Investment Index|
|46||United Arab Emirates||31||45|
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