Innovations Index

Oceania Ranking

(0-100)Source: IMF
Current Rank
Country
Value
Latest Reading
Previous Rank
Previous Value
1Australia48.32021148.4
2New Zealand47.52021247
3Fiji27.32015330.4

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>.

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