50 Most Innovative Countries

By Bloomberg Rankings - 2013-02-01T16:37:18Z

Photograph by Kei Uesugi

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Methodology

To create the Bloomberg Innovation Quotient, we ranked countries on a scale of 0 to 100% on seven factors. The factors and weightings are below. We derived a weighted average score for countries that had sufficient data for at least five of the seven factors. N/A indicates that the country did not have sufficient data for a particular factor. The final universe consisted of 96 countries or sovereign regions. The most recently available data were used.

The factors and weightings:

R&D intensity (20%): Research and development as a percentage of gross domestic product.

Productivity (20%): GDP per employed person, per hour worked.

High-tech density (20%): High-tech public companies -- such as aerospace and defense, biotechnology, hardware, software, semiconductors, Internet software & services and renewable energy companies -- as a percentage of publicly listed companies.

Researcher concentration (20%): R&D researchers per one million people.

Manufacturing capability (10%): Manufacturing value-added as a percentage of GDP; products with high R&D intensity (aerospace, computers pharmaceuticals, scientific instruments and electrical machinery) as a percentage of total manufactured exports.

Tertiary efficiency (5%): Enrollment ratio in all subjects for post-secondary students; tertiary graduation ratio of students who majored in science, engineering, manufacturing and construction; annual new graduates and total tertiary-degree holders as percentages of labor force.

Patent activity (5%): Resident patent filings per million population and per $1 million R&D spent.

Sources: Bloomberg, World Bank, World Intellectual Property Organization, Conference Board, OECD, UNESCO

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