Switzerland, Sweden, Netherlands, the U.S. and the U.K. are the top five “most innovative” countries in the world, according to the latest Global Innovation Index (GII 2017), an annual report produced jointly by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO). The report assesses 127 countries using multiple criteria to determine ranking. Rounding out the top 10 are Denmark, Singapore, Finland, Germany and Ireland.
The total score for each country--and thus the final overall ranking--is based on 81 criteria, collected under 7 ‘pillars’ that in turn represent 2 overarching sub-indices. The five pillars under the Innovation Input Sub-Index are: 1) institutions, 2) human capital and research, 3) infrastructure, 4) market sophistication, and 5) business sophistication, all of which address elements of the national economy reflecting innovative activities. Under the Innovation Output Sub-Index are two pillars: 6) knowledge and technology outputs and 7) creative outputs, which capture evidence of innovation results. Each country can be compared on individual elements as well as overall ranking.