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GLOBAL INNOVATION INDEX
2018 RANKINGS (GII)

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The following ranking table is based on data from Cornell University, INSEAD (European Institute of Business Administrartion), and FIPO (World Intellectual Property Organization) who are the source and is published under a Creative Commons license. To assess countries, the GII uses 80 indicators that then fall under seven pillars. Each pillar has three sub-pillars with a varying number of indicators. The pillars are as follows:

Institutions
Human capital and research
Infrastructure
Market sophistication
Business sophistication
Knowledge and technology outputs
Creative outputs

For more information, please see the 430 page free pdf Global Innovation Index 2018:

Top 10 innovative countries

The number one country this year was Switzerland, which also took first place in 2017. The Netherlands came in second and was followed by Sweden, which dropped a place this year. In fourth place was the United Kingdom, climbing a place this year, and in fifth place, Singapore, moving up two places. The top 10 countries are as follows.

1. Switzerland
2. The Netherlands
3. Sweden
4. United Kingdom
5. Singapore
6. United States of America
7. Finland
8. Denmark
9. Germany
10. Ireland

For more information, please see the Global Innovation Index website.

Glossary of Selected Financial Terms:

GROSS DOMESTIC PRODUCT (GDP): Gross domestic product is the most commonly used single measure of a country's overall economic activity. It represents the total value of final goods and services produced within a country during a specified time period, such as one year.

GROSS NATIONAL PRODUCT (GNP) or GROSS NATIONAL INCOME (GNI): The GNP was formerly used as a measure of a country's overall economic activity, equal to the GDP less compensation of employees and property income payable to the rest of the world plus the corresponding items receivable from the rest of the world; the GNP has been renamed gross national income (GNI) in the System of National Accounts.

GNI pc: GNI per capita is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. Formerly GNP per capita, GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. "p.c." is "per capita", Latin term that means per unit of population.


Click here for Country List by Geographical Regions


NOTE: According to the World Bank categories, Nations with per capita income (GNI) of $1,045 or less in 2014 are defined as 'low income' economies; those nations with a GNI per capita of more than $1,045 but less than $12,736 are 'middle income' economies; nations with a GNI of $12,736 or more per capita are 'high income' economies. For more details, see the World Bank.

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