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UK falls to 8th in EU-27 innovation ranking as Europe closes gap with US….but China catches up with both
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Published on 26-03-13

The UK has dropped from sixth to eighth in the European Commission's latest annual Innovation Union Scoreboard, ranking Member States' innovation performance based on 24 statistical indicators. Sweden remains the EU's most innovative economy, followed by Germany, which has overtaken Denmark to move into second place. Finland stays fourth.

    UK falls to 8th in EU-27 innovation ranking as Europe closes gap with US….but China catches up with both

    The UK has been overtaken by the Netherlands and Luxembourg. Belgium also marginally outperforms the UK, but Ireland and France are behind. Estonia, Lithuania and Latvia are the countries that have most improved since last year. A summary of the results for each country is here.

    The UK's innovation performance has stagnated in recent years but remains significantly above average. Relative strengths include linkages and entrepreneurship. Relative weaknesses include the declining percentage of SME's introducing innovative products and processes, or management and marketing systems. Overall sales of new-to-market or new-to-firm innovations as a percentage of total business turnover have also declined.

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    Last update: 26/03/2013  |Top