> Montenegro Economy > WIPO: The Global Innovation Index 2017, Montenegro ranked 48th

WIPO: The Global Innovation Index 2017, Montenegro ranked 48th

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The Global Innovation Index provides detailed metrics about the innovation performance of 127 countries and economies around the world. Its 81 indicators explore a broad vision of innovation, including political environment, education, infrastructure and business sophistication. This year’s report reviews the state of innovation in agriculture and food systems across sectors and geographies. Chapters of the report provide more details on this year’s theme from academic, business, and particular country perspectives from leading experts and decision makers.

From the Global Innovation Index 2017, devoted to measuring the innovation performance of 127 economies and the theme ‘Innovation Feeding the World’, six messages emerge. Many of these messages are concerned with innovation as a driver of growth generally. One is concerned specifically with the role of innovation as a way to address the growing need for advances in agriculture and food value chains.

The GII 2017 results have shown consistency in areas such as top rankings and the innovation divide. In 2017, the GII remains relatively stable at the top. Switzerland leads the rankings for the seventh consecutive year, while Sweden maintains its 2nd place. The Netherlands ranks 3rd, although most of this improvement is the result of methodological changes and improved data availability. The USA remains stable at the 4th spot, while the UK moves down two positions to take 5th place.

Denmark improves another two positions this year, ranking 6th. Singapore, Finland, and Ireland move down, occupying the 7th, 8th, and 10th spots, respectively. Germany, which entered the top 10 in 2016, continues its advancement, moving up one position from last year and occupying the 9th spot. Hence, despite some movement, the top 10 does not see any new entrant this year.

Among the 10 highest-ranked upper-middle-income economies, nine remain from 2016 : China (22nd this year), Bulgaria (36th), Malaysia (37th), Romania (42nd), Turkey (43rd), Montenegro (48th), Thailand (51st), Costa Rica (53rd), and South Africa (57th). The newcomer to this group of the 10 best upper-middle-income performers is the Russian Federation (45th), which displaces Mauritius (64th). China, Malaysia, Bulgaria, and Romania are among the 10 best-ranked upper-middle-income economies across all three main indices and in the Innovation Efficiency Ratio.


Montenegro data

For more information, see the full report.


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