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Friday, February 28, 2020

Stats Gate

The World’s 60 Most Innovative Countries For 2020

Berlin, Germany

Germany has replaced South Korea as the most innovative nation worldwide at the Bloomberg Index, breaking South Korea’s six-year winning streak. South Korea has dropped by one place to the second spot. Singapore has reclaimed its number three rank in the world’s most innovative countries index, after leaping three spots.

Switzerland retained 5th place, ahead of Switzerland (No. 4), Sweden (No. 5), Israel (No. 6), Finland (No. 7), Denmark (No. 8), US (No. 9), and France (No. 10). The world’s biggest economies, the so-called trillion-dollar club, had opposite fortunes, with the United States dropping one level to No. 9, Japan dropping three places to No. 12, and China improving by one spot to No. 15, while India retained 5th place in the rankings.

Within the QUAD countries, the United States was ranked 9th, followed by Japan at 12th, Australia at 20th, and India at 54. The four QUAD countries represent over 1,850 million or 1.37 billion people. The QUAD members are known for their significant influence on international affairs; all are members of G20. As of 2018, these five nations have a combined nominal GDP of US$30 trillion and an estimated combined GDP (PPP) of around US$40 trillion.

The Innovation Index ranks the world’s 60 most innovative countries using seven criteria including research and development expenditure as a percentage of GDP, productivity, patent activity, the concentration of researchers, including postgraduate Ph.D. students, engaged in R&D per one million people, and concentration of high-tech companies.

The 60 Most Innovative Countries In The World For 2020

Rank 2020CountryRank 2019Change from 2019
1Germany21
2South Korea1-1
3Singapore63
4Switzerland40
5Sweden72
6Israel5-1
7Finland3-4
8Denmark113
9US8-1
10France100
11Austria121
12Japan9-3
13Netherlands152
14Belgium13-1
15China161
16Ireland14-2
17Norway170
18UK180
19Italy212
20Australia19-1
21Slovenia3110
22Canada20-2
23Iceland230
24Czech Rep251
25Poland22-3
26Russia271
27Malaysia26-1
28Hungary324
29New Zealand24-5
30Greece355
31Luxembourg28-3
32Romania29-3
33Spain30-3
34Portugal340
35Turkey33-2
36Estonia360
37Latvia425
38Lithuania37-1
39Hong Kong38-1
40Thailand400
41Slovakia39-2
42Bulgaria41-1
43Croatia441
44UAE462
45Argentina505
46Brazil45-1
47Matta43-4
48Cyprus480
49AlgeriaNRNR
50S Africa511
51Chile587
52Tunisia520
53Saudi Arabia563
54India540
55Qatar572
56Ukraine53-3
57Vietnam603
58EgyptNRNR
59KazakhstanNRNR
60MacaoNRNR

Four new economies entered the Innovation Index for the first time: Algeria — which made an especially strong debut at No. 49 — as well as Egypt, Kazakhstan, and Macao.


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Sophie Ireland
Foreign Correspondent for ​CEOWORLD magazine media. Policy Advisor, writer, professional restaurant recommender, and native New Yorker. I have approximate knowledge of many things.
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