The Global Innovation Index 2024 (GII) provides a comprehensive analysis of innovation performance across 133 economies, offering valuable insights for policymakers and business leaders. This year’s report highlights significant shifts in the global innovation landscape, particularly in Asia.
Key takeaways:
🏆 Switzerland maintains its #1 position for the 14th consecutive year, leading in innovation outputs and ranking in the top 5 for most pillars.
🚀 China climbs to 11th place, edging closer to the top 10 and remaining the only middle-income economy in the top 30.
💡 Singapore (4th) and the United Kingdom (5th) round out the top 5, with Singapore leading in 14 out of 78 innovation indicators globally.
🌏 Asian economies show remarkable progress: India (39th), Indonesia (54th), and Türkiye (37th) are among the fastest climbers since 2013.
📈 Brazil (50th) maintains its position in the top 50, while Saudi Arabia (47th) ,Qatar (49th) and Morocco (66th) continue to climb the rankings.
🔬 The report identifies top science and technology clusters, with Tokyo-Yokohama leading globally and China hosting the most clusters (26) in the top 100.
This year’s Global Innovation Index also explores the theme of social entrepreneurship, highlighting its potential to drive innovation and address critical societal challenges. With an estimated 11 million social enterprises contributing $2 trillion to global GDP, how can we better support and integrate these ventures into our innovation ecosystems ?
