The World Intellectual Property Organization (WIPO) ranked the world's 133 economies according to their innovation and performance. This ranking was published in Global Innovation Index (GII) 2024. The ranking was done by giving scores to 78 indicators that tell us how an economy is bringing innovation by seven innovation pillars. They include market sophistication, knowledge & tech outputs, institutions, infrastructure, human capital & research, creative outputs and business sophistication.
According to the rankings, Switzerland scored the highest and got the title of the most innovative country in 2024. Keep in mind that Switzerland has been getting named the most innovative country in the world for 14 consecutive years. Sweden was named the second most innovative country in 2024.
U.S was the third most innovative country according to GII, just like last year. The rankings of the US dropped down a bit because of its low infrastructure score, even though it was number one in market sophistication and number two in business sophistication. Other notable innovative countries in the top ten were Singapore, UK, South Korea, Finland, Netherlands, Germany and Denmark.
This year GII’s theme was to focus on the countries which are giving good performances even if their level of development isn't that good. Vietnam, India and Moldova were named as Innovative Outperformers as the economies of these countries have overperformed in the last 14 years.
The GII 2024 rankings also show insights about the effects these global innovations are causing. It talks about technological progress and how green technologies are lagging behind the average growth for more than a decade. It also talked about technological adoption and how it has affected and will affect masses socioeconomically.
Here is the full list:
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According to the rankings, Switzerland scored the highest and got the title of the most innovative country in 2024. Keep in mind that Switzerland has been getting named the most innovative country in the world for 14 consecutive years. Sweden was named the second most innovative country in 2024.
U.S was the third most innovative country according to GII, just like last year. The rankings of the US dropped down a bit because of its low infrastructure score, even though it was number one in market sophistication and number two in business sophistication. Other notable innovative countries in the top ten were Singapore, UK, South Korea, Finland, Netherlands, Germany and Denmark.
This year GII’s theme was to focus on the countries which are giving good performances even if their level of development isn't that good. Vietnam, India and Moldova were named as Innovative Outperformers as the economies of these countries have overperformed in the last 14 years.
The GII 2024 rankings also show insights about the effects these global innovations are causing. It talks about technological progress and how green technologies are lagging behind the average growth for more than a decade. It also talked about technological adoption and how it has affected and will affect masses socioeconomically.
Here is the full list:
| Country | Innovation Score |
|---|---|
| Switzerland | 67.5 |
| Sweden | 64.5 |
| U.S. | 62.4 |
| Singapore | 61.2 |
| UK | 61 |
| South Korea | 60.9 |
| Finland | 59.4 |
| Netherlands | 58.8 |
| Germany | 58.1 |
| Denmark | 57.1 |
| China | 56.3 |
| France | 55.4 |
| Japan | 54.1 |
| Canada | 52.9 |
| Israel | 52.7 |
| Estonia | 52.3 |
| Austria | 50.3 |
| Hong Kong | 50.1 |
| Ireland | 50 |
| Luxembourg | 49.1 |
| Norway | 49.1 |
| Iceland | 48.5 |
| Australia | 48.1 |
| Belgium | 47.7 |
| New Zealand | 45.9 |
| Italy | 45.3 |
| Cyprus | 45.1 |
| Spain | 44.9 |
| Malta | 44.8 |
| Czech Republic | 44 |
| Portugal | 43.7 |
| UAE | 42.8 |
| Malaysia | 40.5 |
| Slovenia | 40.2 |
| Lithuania | 40.1 |
| Hungary | 39.6 |
| Türkiye | 39 |
| Bulgaria | 38.5 |
| India | 38.3 |
| Poland | 37 |
| Thailand | 36.9 |
| Latvia | 36.4 |
| Croatia | 36.3 |
| Viet Nam | 36.2 |
| Greece | 36.2 |
| Slovakia | 34.3 |
| Saudi Arabia | 33.9 |
| Romania | 33.4 |
| Qatar | 32.9 |
| Brazil | 32.7 |
| Chile | 32.6 |
| Serbia | 32.3 |
| Philippines | 31.1 |
| Indonesia | 30.6 |
| Mauritius | 30.6 |
| Mexico | 30.4 |
| Georgia | 30.4 |
| North Macedonia | 29.9 |
| Russia | 29.7 |
| Ukraine | 29.5 |
| Colombia | 29.2 |
| Uruguay | 29.1 |
| Armenia | 29 |
| Iran | 28.9 |
| Montenegro | 28.9 |
| Morocco | 28.8 |
| Mongolia | 28.7 |
| Moldova | 28.7 |
| South Africa | 28.3 |
| Costa Rica | 28.3 |
| Kuwait | 28.1 |
| Bahrain | 27.6 |
| Jordan | 27.5 |
| Oman | 27.1 |
| Peru | 26.7 |
| Argentina | 26.4 |
| Barbados | 26.1 |
| Kazakhstan | 25.7 |
| Jamaica | 25.7 |
| Bosnia & Herzegovina | 25.5 |
| Tunisia | 25.4 |
| Panama | 24.7 |
| Uzbekistan | 24.7 |
| Albania | 24.5 |
| Belarus | 24.2 |
| Egypt | 23.7 |
| Botswana | 23.1 |
| Brunei Darussalam | 22.8 |
| Sri Lanka | 22.6 |
| Cabo Verde | 22.3 |
| Pakistan | 22 |
| Senegal | 22 |
| Paraguay | 21.9 |
| Lebanon | 21.5 |
| Azerbaijan | 21.3 |
| Kenya | 21 |
| Dominican Republic | 20.8 |
| El Salvador | 20.6 |
| Kyrgyzstan | 20.4 |
| Bolivia | 20.2 |
| Ghana | 20 |
| Namibia | 20 |
| Cambodia | 19.9 |
| Rwanda | 19.7 |
| Ecuador | 19.3 |
| Bangladesh | 19.1 |
| Tajikistan | 18.6 |
| Trinidad and Tobago | 18.4 |
| Nepal | 18.1 |
| Madagascar | 17.9 |
| Laos | 17.8 |
| Côte d'Ivoire | 17.5 |
| Nigeria | 17.1 |
| Honduras | 16.7 |
| Algeria | 16.2 |
| Zambia | 15.7 |
| Togo | 15.6 |
| Zimbabwe | 15.6 |
| Benin | 15.4 |
| Tanzania | 15.3 |
| Uganda | 14.9 |
| Guatemala | 14.6 |
| Cameroon | 14.4 |
| Nicaragua | 14 |
| Myanmar | 13.8 |
| Mauritania | 13.2 |
| Burundi | 13.2 |
| Mozambique | 13.1 |
| Burkina Faso | 12.8 |
| Ethiopia | 12.3 |
| Mali | 11.8 |
| Niger | 11.2 |
| Angola | 10.2 |
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