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U.S. and Canada Make Strides in Bloomberg 2019 Innovation Index

  • U.S. moves back into the world’s top 10 with a three-spot jump
  • Canada at No. 20, Argentina, Brazil, Chile, Mexico in top 60

The U.S. moved back into the world’s top 10 in Bloomberg’s most-innovative economy ranking this year -- 12 slots ahead of its closest regional competitor -- Canada. Only six nations in the Western Hemisphere are ranked among the 60 countries.

The U.S. rose three spots to eighth overall, reflecting the strength of its patent activity and high-tech density, where it was ranked as best in the world for both. The U.S. also obtained a top 10 ranking in research and development intensity and in productivity. Deficiencies in education, ranked 43rd, and as a byproduct researcher concentration, ranked 28th, hurt the U.S. in its overall ranking. Five years ago, the U.S. ranked third in the global index.