Not that I’m wanting to blow my own trumpet given that I’m based in the UK, but…
The UK was recently ranked the second most innovative country in the world according to the 2015 Global Innovation Index (GII).
The GII is an index co-published by Cornell University, INSEAD and the World Intellectual Property Organisation (WIPO). The theme for the 2015 GII was “Effective Innovation Policies for Development” with a particular focus on the impact of policies designed to increase innovation capacity in developing countries. The GII uses 79 indicators across a range of themes to identify and analyse global innovation trends. This year the GII has metrics for 141 economies which represent 95.1 per cent of the world’s population and 98.6 per cent of the world’s GDP.
The 79 indicators are divided into a framework with the main scores being an overall GII, Input and Output Sub-Indices and an Innovation Efficiency Ratio. The chart in Figure 1 provides a high level overview of what factors are used to calculate each score and how they relate to each other.
As part of the analysis of the index, the report accompanying the GII 2015 highlights that Switzerland, the UK, Sweden, the Netherlands and the USA are the world’s top five most innovative nations. It notes that “The GII leaders have created well-linked innovation ecosystems where investments in human capital, combined with strong innovation infrastructures, contribute to high levels of creativity”.  It further explains that these countries consistently score well in most of the indicators used to compile the index. The top 25 countries are shown in the Figure below:
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