Gii

Global Innovation Index 2020

According to the Global Innovation index 2020 report, realized on September 2 by the World Intellectual Property Organization, three out of six the Western Balkans countries made a progress, one country ranked lower, one country kept the same position, and one country wasn’t included.

Global Innovation Index 2020 presenting the global innovation trends of 131 economies. The aim of the report is to show the annual ranking of the world’s economies on innovation capacity and output.

The top 10 is dominated by high-income countries. Switzerland, Sweden, U.S., U.K., and the Netherlands lead the innovation ranking, with a second Asian economy (the Republic of Korea) joining the top 10 for the first time.

The Western Balkans economies are between 49 and 83 places. According to the report, the most innovative is Montenegro, which is in the 49 places.

The ranking was included in the following pillars:

˫       Institutions,

˫       Human capital & research,

˫       Infrastructure,

˫       Market sophistication,

˫       Business sophistication,

˫       Knowledge & technology outputs,

˫       Creative outputs.

 

Overall ranks are given in the table below.

Country

Rank 2020

Rank 2019

Montenegro

49

45

Serbia

53

57

North Macedonia

57

59

Bosnia and Herzegovina

74

76

Albania

83

83

Kosovo

not included

The report also included a ranking of the innovative and technology clusters. The top 100 clusters are located in 26 economies, of which 6 – Brazil, China, India, Iran, Turkey, and the Russian Federation – are in middle-income economies. The U.S. continues to host the largest number of innovative clusters (25), followed by China (17), Germany (10), and Japan (5).