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The 2012 GII - global innovation index ranking, published by INSEAD and WIPO, does not bring many changes to the top of the list as compared with the previous year. Four small countries occupy the topmost ranks : Switzerland, Sweden, Singapore, Finland, in this order. The two heavyweights that manage to sneak among the top 10 are the United Kingdom, number 5, and the United States, number 10. In short, the 2012 ranking offers more of the same : a shining performance by a bunch of smaller, developed economies, leaving behind the super-champion United States.
High innovation indexes emerge in countries that enjoy higher GDP per capita : as the latter grows by 100 units, the innovation index climbs 18 (slope measured from the logarithms; the slope of the corresponding raw values is 0.1%).
Line chart and statistics of the 2011 global innovation index (GII) as calculated by INSEAD in partnership with Alcatel, Booz and Co, Confederation of Indian Industry and World Intellectual Property Organization. The 10 most innovative countries are Switzerland (GII 63.82), Sweden (62.12), Singapore (59.64), Hong Kong (58.8), Finland (57.5), Denmark (56.96), United States (56.57), Canada (56.33), Netherlands (56.31), and United Kingdom (55.96).
X Y scatter chart showing the spread of the high income group of countries as a function of their GDP per capita. The sub-set of economies above both innovation index and gdp per capita median values comprises such countries as Australia, Austria, Canada, Denmark, Finland, France, Germany, Hong Kong, Iceland, Ireland, Japan, Luxembourg, Netherlands, Norway, Singapore, Sweden, Switzerland, United Kingdom, United States. It is an interesting mix in which prevail small or even minuscule countries : 11 countries have a population of 10 million or less, and only 3 countries count 65 million or above. The fact suggests that, even amongst high income and high innovative countries, the smaller ones achieve higher performances than the heavyweights.
X-Y scatter chart and statistics of the relationship between a nation's global innovation index in 2011 as established by INSEAD for 125 countries, and the corresponding GDP per capita. There is a strong correlation between the two variables. The correlation coefficient r = 0.85, and the R² = 0.72.
X Y scatter chart showing how efficient countries are in using their innovation input entitlement. The efficiency index, computed as the ratio of output per input times 100, provides a best-in-class group : in descending order Côte d’Ivoire (106), Nigeria (103), China, Pakistan, Moldova (101), Sweden (92), Brazil (91), Argentina (90), Bangladesh (89) and India (89).
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