Bloomberg ranked countries and sovereigns based on their overall ability to innovate.
Seven weighted factors were considered and their scores combined to provide an overall score for each country from zero to 100: 1. R&D intensity (20% of score): Research and development expenditure as a percentage of GDP. 2. Productivity (20%): GDP per employed person age 15 and over. 3. High-tech density (20%): Number of high-tech public companies -- such as aerospace and defense, biotechnology, hardware, software, semiconductors, Internet software and services, and renewable energy companies -- as a percentage of all publicly listed companies. 4. Researcher concentration (20%): Professionals, including Ph.D. students, engaged in R&D per 1 million people. 5. Manufacturing capability (10%): Manufacturing value-added as a percentage of GDP and as a share of world total manufacturing value-added. 6. Tertiary efficiency (5%): Number of secondary graduates enrolled in postsecondary institutions as a percentage of cohort; percentage of labor force with tertiary degrees; annual science and engineering graduates as a percentage of the labor force and as a percentage of total tertiary graduates. 7. Patent Activity (5%): Resident patent filings per 1 million residents and per $1 million of R&D spent; patents granted as a percentage of the world total. Of the 215 countries and sovereigns evaluated, 110 had data on at least five of the seven factors. Those countries were included in the final ranking. The top 50 countries are shown in the world ranking. Factor ranks were drawn from the entire universe of 110 countries. N/A indicates no data were available. Most recent data available were used.
Bloomberg, International Monetary Fund, World Bank, Organisation for Economic Co-operation and Development, United Nations Educational, Scientific and Cultural Organization, U.S. Patent and Trademark Office, World Bank, World Intellectual Property Organization
January 7, 2014