The Global Innovation Index 2013 logo.© INSEAD
Six EU Member States among the world's 10 most innovative nations
Six European Union Member States are in the top ten list of the 10 most innovative nations (Sweden (2), United Kingdom (3), Netherlands (4), Finland (6), Denmark (9), Ireland (10)), while Switzerland retained its place atop the rankings in the Global Innovation Index (GII) 2013, published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO). The index was submitted, for the third consecutive year, to an independent statistical audit by the JRC. The JRC recommendations, which aimed to ensure the overall conceptual and statistical coherence of the GII 2013, were taken into account in the final computation of the rankings.
The GII 2013 looked at 142 economies around the world, using 84 indicators including the quality of top universities, availability of microfinance, venture capital deals - gauging both innovation capabilities and measurable results. Published annually since 2007, the GII has become a chief benchmarking tool for business executives, policy makers and others seeking insight into the state of innovation around the world.
A detailed look at the GII
The Global Innovation Index (GII) creates an environment in which innovation factors are under continual evaluation, including the following features:
- 142 country profiles, including data, ranks and strengths and weaknesses on 84 indicators
- 84 data tables for indicators from over 30 international public and private sources, of which 60 are hard data, 19 composite indicators, and 5 survey questions
- A transparent and replicable computation methodology including 90% confidence interval for each index ranking (GII, output and input sub-indices) and an analysis of factors affecting year-on-year changes in rankings
The GII 2013 is calculated as the average of two sub-indices. The Innovation Input Sub-Index gauges elements of the national economy which embody innovative activities grouped in five pillars: (1) Institutions, (2) Human capital and research, (3) Infrastructure, (4) Market sophistication, and (5) Business sophistication. The Innovation Output Sub-Index captures actual evidence of innovation results, divided in two pillars: (6) Knowledge and technology outputs and (7) Creative outputs.