18 January 2017

The Bloomberg Innovation Index by country includes seven indicators: Research and development intensity, Manufacturing value added, Productivity, High-tech density, Postsecondary education. Researcher concentration and Patent activity.

This year’s overall leader, as in 2016, is South Korea, which also takes first place for Research and development intensity, Manufacturing value added and Patent activity. Australia is in first place for Productivity, the United States for High-tech density, Singapore for Postsecondary education and Israel for Researcher concentration.

Northern European countries do better this year with Sweden, Finland, Iceland and Denmark making gains. The USA has slipped slightly from 8th place to 9th while the United Kingdom remains in 17th place and China in 21st. The biggest change is Russia which has fallen from 12th to 26th place mainly as a result of sanctions and falling energy prices. Latin America, the Middle East and Africa generally do badly. Brazil is 46th, Argentina 49th, Turkey 37th, Tunisia 45th and Morocco 50th.

The top ten countries:

  1. S. Korea
  2. Sweden
  3. Germany
  4. Switzerland
  5. Finland
  6. Singapore
  7. Japan
  8. Denmark
  9. U.S
  10. Israel

Source:
Bloomberg Markets

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