An error occured. Details Hide
You have unsaved pages. Restore Cancel

The Global Innovation Index (GII) recognizes the key role of innovation as a driver of economic growth and prosperity and acknowledges the need for a broad horizontal vision of innovation that is applicable to both developed and emerging economies, with the inclusion of indicators that go beyond the traditional measures of innovation (such as the level of research and development in a given country). The GII has evolved into a valuable benchmarking tool to facilitate public-private dialogue, whereby policymakers, business leaders and other stakeholders can evaluate progress on a continual basis.

The GII relies on two sub-indices, the Innovation Input Sub-Index and the Innovation Output Sub-Index, each built around pillars.

Five input pillars capture elements of the national economy that enable innovative activities: Institutions, Human capital and research, Infrastructure, Market sophistication, and Business sophistication.

Two output pillars capture actual evidence of innovation outputs: Knowledge and technology outputs and Creative outputs.

Source: Global Innovation Index 2014

Related Data Insights

Innovation Fosters Growth

While the time lags between particular inventions and their eventual broad diffusion can be long and change over time, technology has been key to productivity growth since the first industrial revolution, which in turn, has underpinned strong per-capita GDP growth. A series of significant innovations such as the steam engine, railway, electricity, and the combustion engine, as well as improvements in production methods, infrastructure, health outcomes, and educational attainment supported productivity growth throughout the 19th and 20th century, resulting in vast gains in living standards. The information and...

R&D Spending Trends Analysis, 2013

After two consecutive years of 9%+ growth, global R&D spending returned to the long-term growth trend and grew at 5.8% in 2013 to the highest total ever, $638 billionThe top three industries by R&D spending continue to be Computing & Electronics, Health, and AutoThe Software & Internet, Health, and Auto sectors accounted for 74% of the overall growth in spending; Chemicals & Energy decreased its R&D expendituresSpending in North America grew at an above average rate of 8.6% while Europe grew at a below average rate of 4.5%; Japan reduced its R&D spending by 3.6%China increased R&D spending at the highest rate, 35.8%, but...

Forbes: The World's Most Innovative Companies, 2015

Most innovation rankings are popularity contests based on past performance or editorial whims. We set out to create something very different with the World’s Most Innovative Companies list, using the wisdom of the crowd. Our method relies on investors’ ability to identify firms they expect to be innovative now and in the future.  Companies are ranked by their innovation premium: the difference between their market capitalization and a net present value of cash flows from existing businesses (based on a proprietary formula from Credit Suisse HOLT). The difference between them is the bonus given by equity investors on the...

Global Innovation Index

Source: Global Innovation IndexEconomyCrimeDemographicsGDP, current prices USDHomicide RateTotal Population ForecastGDP, PPP current intern. $HomicidesPopulation Growth Rate ForecastGDP per capita, current prices USDPercentage of homicides by firearmPopulation Density ForecastGDP per capita, PPP current intern. $Number of homicides by firearmMedian Age of the Population ForecastForeign Direct InvestmentHomicide by firearm rate Total populationTotal External Debt, USDAssault, ratePopulation Growth RateShare of AgricultureKidnapping, ratePopulation DensityShare of ManufacturingRobbery, rateMedian Age of PopulationShare of...