Global Innovation Index

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The Global Innovation Index aims to capture the multi-dimensional facets of innovation and provide the tools that can assist in tailoring policies to promote long-term output growth, improved productivity, and job growth. The Global Innovation Index helps to create an environment in which innovation factors are continually evaluated. It provides a key tool and a rich database of detailed metrics for 141 economies this year, which represent 95.1% of the world’s population and 98.6% of global GDP.

The Global Innovation Index 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:

1. Institutions;

2. Human capital and research;

3. Infrastructure;

4. Market sophistication;

5. Business sophistication.

Two output pillars capture actual evidence of innovation outputs:

6. Knowledge and technology outputs;

7. Creative outputs.

Each pillar is divided into sub-pillars and each sub-pillar is composed of individual indicators (79 in total). Sub-pillar scores are calculated as the weighted average of individual indicators; pillar scores are calculated as the weighted average of sub-pillar scores.

via chartsbin.com