Since 2000, global investment in research and development (R&D) has tripled to $2.4 trillion. In 1960, the U.S. made up nearly 70% of global R&D spending, and by 2020 this had fallen to 30%. From job creation and public health to national security and industrial competitiveness, R&D plays a vital role in a country’s economic growth and innovation, impacting nearly every corner of society—either directly or indirectly.
The infographic on the opposite page ranks the world’s most innovative economies using data from the UN’s WIPO Global Innovation Index. The framework used for the index was designed to create a more complete analysis, comprised of 81 indicators across seven categories to calculate a country’s score. Those categories were: Business Sophistication, Market Sophistication, Infrastructure, Human Capital & Research, Institutions, Creative Outputs, and Knowledge & Technology Outputs. Research specifications and additional graphics are available <HERE>. Below you can view enlargements by region of the graphic on the opposite page.