The Global Innovation Index (GII) recognizes the key role of innovation as a driver of economic growth and prosperity and acknowledges the need for a broad horizontal vision of innovation that is applicable to both developed and emerging economies, with the inclusion of indicators that go beyond the traditional measures of innovation (such as the level of research and development in a given country). The GII has evolved into a valuable benchmarking tool to facilitate public-private dialogue, whereby policymakers, business leaders and other stakeholders can evaluate progress on a continual basis.
The GII relies on two sub-indices, the Innovation Input Sub-Index and the Innovation Output Sub-Index, each built around pillars.
Five input pillars capture elements of the national economy that enable innovative activities: Institutions, Human capital and research, Infrastructure, Market sophistication, and Business sophistication.
Two output pillars capture actual evidence of innovation outputs: Knowledge and technology outputs and Creative outputs.
Source: Global Innovation Index 2014
The data shows the sectoral distribution of world's top 2500 companies that invested €607.2 billion in R&D as of 2014 - representing about 90% of the total expenditure on R&D by business worldwide. The sample contains 608 companies based in the EU, 829 companies based in the US, 360 in Japan and 703 from the rest of the world.
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By considering the population of a country, the most Innovative Country appears to be Switzerland, whereas by ignoring population, United States is the most Innovative Country. Below is a brief info graphics on Top innovating countries in the world. Source: Knowledge Economy Index from World Bank
Source: Global Innovation IndexEconomyCrimeDemographicsGDP, current prices USDHomicide RateTotal Population ForecastGDP, PPP current intern. $HomicidesPopulation Growth Rate ForecastGDP per capita, current prices USDPercentage of homicides by firearmPopulation Density ForecastGDP per capita, PPP current intern. $Number of homicides by firearmMedian Age of the Population ForecastForeign Direct InvestmentHomicide by firearm rate Total populationTotal External Debt, USDAssault, ratePopulation Growth RateShare of AgricultureKidnapping, ratePopulation DensityShare of ManufacturingRobbery, rateMedian Age of PopulationShare of ServicesRape,...