The five countries listed in this article are the most innovative in the world, as provided by Global Innovation Index (GII) 2024.
These countries are rated based on knowledge and tech outputs, human capital and research, business sophistication, market sophistication, creative outputs, infrastructure, and institutions.
Here are the top 5 innovative countries in the world.
1.Switzerland
Switzerland is the most innovative country in the world for the 13th consecutive year due to its investment in the field of research and innovation. Switzerland stands out with 67.5 points within the index and has achieved a great milestone by reproducing the human lung and the world’s first automated machine to produce customised skin tissues. The country also hosts the most innovative pharmaceuticals and healthcare sector and the development of the World Wide Web.
2.Sweden
Sweden has overtaken the U.S. and is now the second most innovative country for its outstanding impact in the green technology field and an important member of education, which is why the country adopted compulsory schooling law in 1842.
Sweden stands out with 64.5 points within the index, having invested 3 percent of its GDP in research and development to further promote the life science field.
3.United States
The United States has remained among the top 3 for six consecutive years due to its innovation through R&D ecosystems and cutting-edge technology sectors like Apple, Microsoft, Alphabet Inc., Amazon Inc., and Meta Platforms Inc.
The United States also stands out in other technology sectors like telecommunications, space technology, and pharmaceuticals and has one of the most technologically advanced militaries in the world as of 2023.
4 The United Kingdom
The United Kingdom maintained fourth place in the Global Innovation Index for the fourth conservative year due to the country’s ambition in innovation and research sectors through its world-class universities, which include Oxford, Cambridge, University College London, and Imperial College London.
The United Kingdom has an exceptional score of 6.1 points across the seven innovative key factors.
5 Singapore
Singapore has remained in the number 5 spot for seven conservative years and first as Asia’s leading country in the world due to the Research, Innovation, and Enterprise (RIE) plan and the government’s $25 billion investment in the development of a knowledge-based and innovation-driven economy and society.
