The Global Innovation Index 2020 Demonstrates the Continued Rise of Asian Economies in the Innovation Sphere

The overall Index rank of the top ten countries is largely dominated by the US and Europe. However, this year, together with Singapore at #8 (second year in a row), the Republic of Korea made it into the Index at #10 (up from #11), which means two Asian countries now make up the top 10.

Australia came in at #23 (up from #24) and New Zealand at #26. Hong Kong came in at #11 (up from #13), China #14 (second year in a row), Japan at #16 (down from 15#), Malaysia at #33, Vietnam at #42, Thailand at #44, India at #48, and the Philippines at #50.

The ongoing rise of Asian economies in this innovation index highlights the importance of securing IP rights in this region.

The index is a result of a collaboration between Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO). The full Index can be found here.

 

Global Innovation Index 2020 Top 30

Country / Economy

Overall GII rank

Switzerland 1
Sweden 2
United States of America 3
United Kingdom 4
Netherlands 5
Denmark 6
Finland 7
Singapore 8
Germany 9
Republic of Korea 10
Hong Kong, China 11
France 12
Israel 13
China 14
Ireland 15
Japan 16
Canada 17
Luxembourg 18
Austria 19
Norway 20
Iceland 21
Belgium 22
Australia 23
Czech Republic 24
Estonia 25
New Zealand 26
Malta 27
Italy 28
Cyprus 29
Spain 30

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