The Innovation Output Indicator (IOI) 2022, published on 19 May 2023, is a composite indicator developed by the Joint Research Centre of the European Commission, and published annually since 2013. It offers an output-oriented measure of innovation performance at the country and EU levels and measures countries’ capacity to derive economic benefits from innovation. This edition is based on a revised methodological framework and structure of the index, which improves its statistical properties and aligns it with new policy priorities.

The report presents the composite index and its indicators for 44 countries, including European Union, EFTA, OECD and emerging economies. According to the IOI, Sweden and Germany are the best performers in the EU, followed by Finland, Ireland and Belgium. Germany outperforms the other EU MSs in the domestic value-added content of its knowledge-intensive manufacturing exports, whereas Sweden leads in IP applications. Romania, Latvia and Bulgaria reported the lowest performance among EU countries. The EU, as a single block, leads over New Zealand, China, Australia and Brazil, but lags behind the United States, South Korea and Japan.

IOI findings are complemented by an analysis of EU radical innovator and exporter companies, referred to as “global innovation champions”, and of innovative startups and scaleups, based on the Eurostat Community Innovation Survey. The report examines these firms, which are important drivers of innovation and economic growth, to understand what sets them apart.

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