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The United Kingdom Slips In Innovative Countries Ranking

London, the United Kingdon

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.

The World’s Most Innovative Economies, 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


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# Most Startup Friendly Countries In The World.

 

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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.
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