Israel ranked 14th in global innovation

Jewish state gains nine spots over last year’s position in GII, which recognizes key role of innovation as driver of economic growth and prosperity.

The top three ranked countries in the Index are Switzerland, Sweden and Singapore. The United States is ranked seventh with Canada below them at eight.

The only other Middle Eastern country in the top 30 is Qatar at 26.

The results for the fourth edition of The Global Innovation Index (GII) 2011 have just been published and Israel is ranked number 14, a significant improvement over its number 23 position last year.

The GII recognizes the key role of innovation as a driver of economic growth and prosperity.

Launched in 2007 by INSEAD eLab, the GII has become an important tool in benchmarking continued progress in countries. The GII provides advanced metrics and approaches to better capture the richness of innovation in society and go beyond traditional measurers.

With a population of 7.3 million, Israel is ranked number 96 in global population.

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Categories: Israel

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