Innovation can be instrumental to the success of economies, at macro and micro scales. While investment provides powerful fuel for innovation—the relationship isn’t always straightforward.
The 2020 ranking from the World Intellectual Property Organization (WIPO) reveals just that.
The above map breaks down the most innovative countries in each World Bank income group, based on data from WIPO’s Global Innovation Index (GII), which evaluates nations across 80 innovation indicators like research and development (R&D), venture capital, and high-tech production.
While wealthier nations continue to lead global innovation, the GII also shows that middle-income countries—particularly in Asia—are making impressive strides.
Below are several income group leaders, and some of their key areas of output:
* Switzerland: First in Knowledge Creation, second in Global Brand Value
* USA: First in Entertainment and Media, Computer Software Spending, Intellectual Property Receipts
* China: First in Patents Registered
* Vietnam: Second in High-Technology Net Exports
* India: First in Information and Communication Technology Services Exports
* Tanzania: 23rd in Printing and Other Media