The GII 2023 tracks global innovation trends against a background of uncertainty caused by slow economic recovery from the COVID-19 pandemic, high interest rates, and geopolitical conflict, but with the promise of the Digital Age and Deep Science innovation waves and technological progress.
The 2023 edition of the Global Innovation Index (GII) takes the pulse of global innovation trends against an economic environment fraught with uncertainty. It reveals the ranking of this year’s most innovative economies in the world amongst 132 economies and localizes the top 100 science and technology innovation clusters.
- Switzerland continues to be the uncontested innovation world champion, Singapore makes the top five, and Indonesia joins China, Türkiye, India, the Islamic Republic of Iran, and Viet Nam as the most impressive innovation climbers of the last decade.
- Several middle- and low-income economies are performing above expectations on innovation relative to their level of economic development In the GII 2023, 21 economies are performing above expectations relative to their level of development – these are the GII innovation overperformers. India, the Republic of Moldova, and Viet Nam continue to be record holders by being innovation overperformers for the 13th consecutive year.
- Within Central and Southern Asia, India continues to lead, maintaining its 40th position overall. India leads the lower middle-income group, performing strongly in every innovation pillar except for Infrastructure.
- India holds the top ranking within the Central and Southern Asia region for Human capital and research (48th), Business sophistication (57th) and Knowledge and technology outputs (22nd). Strong indicators include ICT services exports (5th), Venture capital received (6th), Graduates in science and engineering (11th) and Global corporate R&D investors (13th).
- The most notable changes to the innovation landscape are as follows: –There has been a shift within this year’s top 20 innovators, with Sweden, Singapore, Finland, Denmark, France and Israel (in order of their ranking) moving up the ranking, and generally a strong showing by the Nordic and Baltic countries. –There is a mixed picture for leading emerging economies, with Indonesia rising fast over recent years, the Philippines and Viet Nam progressing again and India stable, but with China, Türkiye and the Islamic Republic of Iran falling back slightly, possibly in part due to recent COVID-19 induced effects. –India, the Republic of Moldova and Viet Nam have overperformed on innovation relative to development for a 13th year in a row, with Indonesia, Uzbekistan and Pakistan maintaining the overperformer status they first achieved in 2022, and Brazil overperforming on innovation relative to development for a third consecutive year. –There are some systematically positive innovation ranking developments in the Middle East, with the United Arab Emirates (UAE) close to the top 30, and Saudi Arabia, Qatar, Bahrain, Oman and other neighboring countries progressing up the rankings. –Mauritius and South Africa are leading Sub-Sahara Africa, with solid positions in the GII top 60, and a total of five economies within the region overperforming on innovation, with Rwanda having done so for the longest.
Report curated by: @charu-srivastava and @manya-jain
Download the complete report here.
For the complete WIPO GII report from here: https://www.wipo.int/edocs/pubdocs/en/wipo-pub-2000-2023-en-main-report-global-innovation-index-2023-16th-edition.pdf