Global Innovation Index: Armenia is 64th; Georgia is 48th

Global Innovation Index

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In the Global Innovation Index ranking for 2019 released by the World Intellectual Property Organization (WIPO), Armenia improved its position by 4 compared to 2018 coming 64th with 33.98 points in the list of 129 countries. In addition, Armenia is already regarded as an upper-middle country, and the GII 2019 put the country 15th among the 34 upper-middle-income economies. The leaders of the upper-middle-income countries are China, Malaysia, and Bulgaria.

In terms of the ordinary ranking, Armenia’s positional neighbors are Qatar, and South Africa ranked 65th and 63rd respectively. Switzerland was listed in the leadership position with 67.24 points in 2018, and the country managed to keep the position in 2019 as well. Sweden (63.65 points) and the US (61.73 points) follow. The top ten positions are also occupied by Netherlands, UK, Finland, Denmark, Singapore, Germany, and Israel.

Among the regional countries, Azerbaijan is ranked 84th, Turkey 49th, and Iran 61st. GII 2019 has placed Georgia 48th, while it was ranked 59th in 2018. The progress is due to drastic advances in Georgia’s high-tech import, the export of information and communications services (ICT) and industrial designs’ as reported by Georgia’s Innovation and Technology Agency.

Georgia has made cardinal steps in innovations.”

Avtandil Kasradze:

Head of Georgia’s Technology and Innovation Agency

He also added that Prime Minister Mamuka Bakhtadze has initiated an investment of at least 6% of Georgia’s GDP in education, science, and innovations which will result in even a higher ranking of Georgia in 2020.

We hope we will be among the top 20 countries in several years.”

Avtandil Kasradze:

Head of Georgia’s Technology and Innovation Agency

In the words of Natia Turnava, Georgian Minister of Economy and Sustainable Development, Georgia has deserved success.

The Global Innovation Index was first published in 2012. The GII provides a source of insight into the multidimensional facets of innovation-driven growth. It supplies 80 detailed metrics for 129 economies, which are grouped in 7 directions. The factors upon which innovation input sub-index is decided are institutions, human capital, and research, infrastructure, market sophistication, business sophistication, and output sub-index indicators are knowledge and technology outputs and creative outputs. Armenia got 39.36 points for the innovation input sub-index and ranked 85th. The country is ranked 50th in the output sub-index with 28.60 points (Georgia among top 50 in Global Innovation Index 2019 rankings for first time, AGENDA.GE (July 25, 2019) (in English)Global Innovation Index: Armenia ranked 15th among 34 upper middle-income countries, ARMENPRESS (July 26, 2019) (in English)).

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2019-10-14T17:49:36+04:00 October 14th, 2019|
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