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2014 Global Innovation Index (GII) Ranking: Luxembourg for the first time in the world top 10

Clarisse Faria-Fortecoëf

This is one of the key findings of the 7th edition of the GII study which has just been co-published by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO).

Launched on July 18, 2014 with the support of the Australian Government, in Sydney (see the video of the press conference), the GII's edition of this year has for theme the « Human Factor in Innovation ».

The report covers 143 countries and uses 81 basic indicators to measure R&D and innovation (R&D expenditures, number of scientific publications, etc.). It focuses in particular on the interaction between the various agents of the innovation system (businesses, public sector, higher education and society) and summarizes performance measured through various composite indices such as the Global Innovation Index (GII). The latter (score range from 0 to 100), is calculated on the basis of two sub-indexes: Inputs (institutions, human resources and research, infrastructure, market and business sophistication) and outputs (knowledge and technology, creativity) of the innovation system.

The top 10 economies in the GII 2014 edition are: Switzerland, the United Kingdom (UK), Sweden, Finland, the Netherlands, the United States of America (USA), Singapore, Denmark, Luxembourg, and Hong Kong (China). With a score of 56.86, Luxembourg climbed up into the top 10 from 12th position in 2013 and is thus ahead of its neighbouring countries : Germany ranks 13th (56.02), France 22nd (52.18) and Belgium ranks 23rd (51.69).

Further information and the full GII report in pdf format are available on the Luxembourg Portal for Innovation and Research, and on the GII's website.