On 03 February 2021, Bloomberg published its annual Bloomberg Innovation Index. This year’s top performer is South Korea, which reconquered the first place from Germany. Singapore and Switzerland complete the podium, with Germany dropping to the forth place.

Apart from Israel, which ranks 7^th, the rest of the top 10 consists only of EU Member States: Sweden (5^th), Denmark (6^th and improving 2 places), Finland (8^th), Netherlands (9^th and improving 4 places) and Austria (10^th and improving 1 place). These positive results illustrate the European innovation potential. The United States, on the contrary, dropped out of the top 10.

The Bloomberg Innovation Index analyses dozens of criteria using seven equally weighted metrics, including research and development expenditure, manufacturing capability or concentration of high-tech public companies.

The results also showed the improvement of China as well as the deterioration of the United States performance since 2013. These opposite performances caused the gap between both countries to narrow.

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