IP Watch: Global Innovation Index 2018: China Breaks Into Top 20, US Drops Out Of Top 5
This post originally appeared in IP Watch on 11/07/18.
NEW YORK — The 11th edition of the Global Innovation Index 2018 (GII), co-published by Cornell University, INSEAD, and the World Intellectual Property Organization, was released yesterday at a launch event in New York. This year’s report showed Switzerland still at the top overall, China continuing to rise, the United States slipping, and explored how countries can vary on inputs and outputs of innovation.
“The GII ranks 126 economies based on 80 indicators, ranging from intellectual property filing rates to mobile-application creation, education spending and scientific and technical publications,” according to a WIPO press release. The rankings for 2018 (with their 2017 ranking in parentheses) are:
- Switzerland (number 1 in 2017)
- Netherlands (3)
- Sweden (2)
- United Kingdom (5)
- Singapore (7)
- United States of America (4)
- Finland (8)
- Denmark (6)
- Germany (9)
- Ireland (10)
- Israel (17)
- Korea, Republic of (11)
- Japan (14)
- Hong Kong (China) (16)
- Luxembourg (12)
- France (15)
- China (22)
- Canada (18)
- Norway (19)
- Australia (23)
One highlight of the GII 2018 is the rise of China to number 17 in 2018, from number 22 in 2017. This represents a significant breakthrough because China is the only middle-income country to enter the top 20 most innovative economies, WIPO Director General Francis Gurry told a press briefing in New York yesterday.
Also significant is that the United States dropped out of the GII top five to number 6 in 2018, from number 4 in 2017.