What is Global Innovation Index?

With innovation, resources can be efficiently utilized and hence the economy is strengthened.

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Innovation triggers change- a change that enhances the quality of goods and services produced in an economy. As the quality of goods and services improves, the standard of living of the people also improves. Innovation, as understood by common man, is the better or different ways of seeing and doing things which is sophisticatedly known as ‘out of the box thinking.’

Innovation ensures a better utilization of the available resources. It is the backbone of a good economy. Given the right infrastructure and expert knowledge, innovative ideas can be well implemented. It opens up the gates of the global market for local manufacturers. In the race to match the global standards, they work in an efficient and effective manner.

Global Innovation Index (GII) is the annual ranking of the countries by their success and capacity in innovation. It is released under the collaboration of various organizations like the World Intellectual Property Organization, World Bank, INSEAD, World Economic Forum, along with a few more.

The 2016 statistics gives us the idea of how well innovation was implemented in the economies around the world.

Rank	Economy	Score
1	Switzerland	67.7
2	Sweden	63.8
3	Netherlands	63.4
4	United States of America	61.4
5	The United Kingdom	60.9
6	Denmark	58.7
7	Singapore	58.7
8	Finland	58.5
9	Germany	58.4
10	Ireland	58.1
11	Korea, Republic of	57.7
12	Luxembourg	56.4
13	Iceland	55.8
14	Japan	54.7
15	France	54.2
16	Hong Kong (China)	53.9
17	Israel	53.9
18	Canada	53.7
19	Norway	53.1
20	Austria	53.1
21	New Zealand	52.9
22	China	52.5
23	Australia	51.8
24	Czech Republic	51
25	Estonia	50.9
26	Malta	50.6
27	Belgium	49.9
28	Spain	48.8
29	Italy	47
30	Cyprus	46.8
31	Portugal	46.1
32	Slovenia	45.8
33	Latvia	44.6
34	Slovakia	43.4
35	United Arab Emirates	43.2
36	Bulgaria	42.8
37	Malaysia	42.7
38	Poland	42
39	Hungary	41.7
40	Lithuania	41.2
41	Croatia	39.8
42	Romania	39.2
43	Turkey	38.9
44	Greece	38.8
45	Russia	38.8
46	Chile	38.7
47	Viet Nam	38.3
48	Montenegro	38.1
49	Qatar	37.9
50	Ukraine	37.6
51	Thailand	37.6
52	Mongolia	37.1
53	Costa Rica	37.1
54	Moldova, Republic of	36.8
55	Saudi Arabia	36.2
56	Kuwait	36.1
57	South Africa	35.8
58	Mexico	35.8
59	Armenia	35.7
60	India	35.5
61	Macedonia	35.4
62	Serbia	35.3
63	Panama	35
64	Mauritius	34.8
65	Colombia	34.8
66	Bahrain	34.7
67	Uruguay	34.5
68	Georgia	34.4
69	Brazil	33.1
70	Peru	32.9
71	Brunei	32.9
72	Morocco	32.7
73	Philippines	32.5
74	Tunisia	32.3
75	Iran	32.1
76	Argentina	32
77	Oman	31.8
78	Kazakhstan	31.5
79	Dominican Republic	31.2
80	Kenya	31
81	Lebanon	30.6
82	Azerbaijan	30.6
83	Jordan	30.5
84	Jamaica	30.4
85	Paraguay	30.3
86	Bosnia and Herzegovina	30.2
87	Indonesia	30.1
88	Belarus	30
89	Botswana	30
90	Sri Lanka	29.9
91	Trinidad and Tobago	29.7
92	Ecuador	29.1
93	Albania	28.9
94	Tajikistan	28.2
95	Kyrgyzstan	28
96	Tanzania	28
97	Namibia	27.9
98	Guatemala	27.9
99	Rwanda	27.4
100	Senegal	27.1
101	Cambodia	27
102	Uganda	27
103	El Salvador	26.7
104	Honduras	26.4
105	Egypt	26
106	Bolivia	25.6
107	Mozambique	24.5
108	Algeria	24.3
109	Nepal	24.2
110	Ethiopia	24.2
111	Madagascar	24.2
112	Cote dIvoire	24
113	Pakistan	23.8
114	Bangladesh	23.7
115	Malawi	23.5
116	Benin	23
117	Cameroon	22.6
118	Mali	22.5
119	Nigeria	21.9
120	Burkina Faso	21.9
121	Zimbabwe	21.8
122	Burundi	21.3
123	Niger	21.2
124	Zambia	20.8
125	Togo	18.4
126	Guinea	17.4
127	Yemen	15.6

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