Innovations Index

Europe Ranking

(0-100)Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Switzerland	65.5	2021	1	66.1
2	Sweden	63.1	2021	2	62.5
3	United Kingdom	59.8	2021	3	59.8
4	Netherlands	58.6	2021	4	58.8
5 ↑	Finland	58.4	2021	6	57
6 ↓	Denmark	57.3	2021	5	57.5
6 ↑	Germany	57.3	2021	7	56.5
8	France	55	2021	8	53.7
9 ↑	Iceland	51.8	2021	13	49.2
10 ↑	Austria	50.9	2021	11	50.1
11 ↓	Ireland	50.7	2021	9	53
12	Norway	50.4	2021	12	49.3
13 ↑	Estonia	49.9	2021	15	48.3
14	Belgium	49.2	2021	14	49.1
15 ↓	Luxembourg	49	2021	10	50.8
15	Czech Republic	49	2021	15	48.3
17	Malta	47.1	2021	17	46.4
18	Cyprus	46.7	2021	18	45.7
19 ↓	Italy	45.7	2021	18	45.7
20	Spain	45.4	2021	20	45.6
21	Portugal	44.2	2021	21	43.5
22	Slovenia	44.1	2021	22	42.9
23	Hungary	42.7	2021	23	41.5
24 ↑	Bulgaria	42.4	2021	25	40
25 ↑	Slovakia	40.2	2021	27	39.7
26 ↓	Latvia	40	2021	24	41.1
27 ↑	Lithuania	39.9	2021	28	39.2
27 ↓	Poland	39.9	2021	25	40
29	Croatia	37.3	2021	29	37.3
30	Greece	36.3	2021	30	36.8
31	Ukraine	35.6	2021	31	36.3
31 ↑	Romania	35.6	2021	32	36
33	Montenegro	35.4	2021	33	35.4
34	Serbia	35	2021	34	34.3
35	Macedonia	34.1	2021	35	33.4
36 ↑	Belarus	32.6	2021	39	31.3
37 ↑	Georgia	32.4	2021	38	31.8
38 ↓	Moldova	32.3	2021	36	33
39 ↓	Armenia	31.4	2021	37	32.6
40	Bosnia and Herzegovina	29.6	2021	40	29
41	Albania	28	2021	41	27.1
42	Angola	15	2021	42	26.2

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>.