Iceland
Innovations Index
51.8
(0-100)- Iceland
- Global Median
Source: IMF
News
Definition of Innovations Index
The Global Innovation Index includes two sub-indices: the Innovation Input Sub-Index and the Innovation Output Sub-Index. The first sub-index is based on five pillars: Institutions, Human capital and research, Infrastructure, Market sophistication, and Business sophistication. The second sub-index is based on two pillars: Knowledge and technology outputs and Creative outputs. Each pillar is divided into sub-pillars and each sub-pillar is composed of individual indicators. The full report, data, and documentation are available at <a href="https://www.globalinnovationindex.org" target="_blank">global innovation index</a>.