X Y chart showing the scatter of the innovation index of high income 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 a number of small or even minuscule countries such as Luxembourg, Iceland, Finland and Switzerland, but only 4 large countries : the United States, Germany, Canada and the United Kingdom.

The scatter chart of the innovation score for HI (high income) economies as a function of the GDP (gross domestic product) per capita, in USD (constant, 2005=100) reveals at a glance the innovation high performers and the laggards. The red lines show the median GDP per capita (vertical) — USD 25,150 —, and the median innovation score (horizontal) — 50.44.

The top right quadrant includes countries that have both GDP per capita and innovation score above median. They are the high performers. This 21-strong group is mainly populated by small or very small countries such as Luxembourg, Iceland, Finland or Switzerland, most of which are not endowed with a plethora of natural resources. Six big countries manage to sneak in the group: Canada, France, Germany, Japan, United Kingdom, and the United States.

Even amongst high income and high innovative countries, the smaller ones seem to outperform the heavyweights. The likes of Czech Republic, Estonia, Malta, and South Korea are the top performers to be found in the low GDP per capita-high innovation top left quadrant, thus corroborating the idea that you do not have to be super rich to shine as innovation is concerned.

The laggards appear in the lower-right quadrant, and they include such oil-rich biggies as Kuwait, Qatar or the United Arab Emirates, Indeed, their innovation scores are disappointingly below the median. Living on a rent does not appear to be a strong enough stimulus to induce high performance. In the realm of innovation — being penniless is surely a hindrance; but owning lavish resources may not help a lot either.

 

Global Innovation Index
2014
High Income Countries

Country

Score

Rank

Income level ¹

GDP per capita ²

USD constant, 2005=100
Australia55.0117HI37,492
Austria53.4120HI41,217
Bahrain36.2662HI17,502
Barbados40.7841HI14,350
Belgium51.6923HI37,601
Brunei Darussalam31.6788HI24,185
Canada56.1312HI37,529
Chile40.6446HI9,728
Croatia40.7542HI10,556
Cyprus45.8230HI20,517
Czech Republic50.2226HI14,648
Denmark57.528HI47,220
Estonia51.5424HI12,057
Finland60.674HI39,090
France52.1822HI35,668
Germany56.0213HI39,205
Greece38.9550HI18,229
Hong Kong (China)56.8210HI33,534
Iceland54.0519HI59,061
Ireland56.6711HI47,257
Israel55.4615HI24,340
Italy45.6531HI29,212
Japan52.4121HI37,573
Korea, Republic of55.2716HI23,893
Kuwait35.1969HI31,437
Latvia44.8134HI8,866
Lithuania41.0039HI10,544
Luxembourg56.869HI79,509
Malta50.4425HI16,732
Netherlands60.595HI42,893
New Zealand54.5218HI29,334
Norway55.5914HI65,240
Oman33.8775HI13,252
Poland40.6445HI10,786
Portugal45.6332HI18,215
Qatar40.3147HI59,894
Russian Federation39.1449HI6,923
Saudi Arabia41.6138HI18,060
Singapore59.247HI36,898
Slovakia41.8937HI15,371
Slovenia47.2328HI18,639
Spain49.2727HI25,150
Sweden62.293HI45,551
Switzerland64.781HI59,009
Trinidad and Tobago31.5690HI14,370
United Arab Emirates43.2536HI25,141
United Kingdom62.372HI40,225
United States of America60.096HI45,710
Uruguay34.7672HI7,809
Median50.44  25,150
 ¹ The WB (World Bank) divides world economies by "income level", according to 2013 gross national income (GNI) per capita, calculated using the World Bank Atlas method. The groups are:
- LI: low income, $1,045 or less;
- LM: lower middle income, $1,046 - $4,125;
- UM: upper middle income, $4,126 - $12,745; and
- HI: high income, $12,746 or more.
 ² WB latest GDP available data for 2013, with the following exceptions:
- Kuwait and Oman: WB 2012 estimates.
- Argentina, Jamaica and Myanmar: CIA World Factbook, 2013 estimates.

 

Sources: INSEAD-WIPO, World DataBank-The World Bank, and CIA-The World Factbook.

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