Qatar climb two spots, to 50th place, in latest Global Innovation Index report
Qatar’s concerted efforts to innovate itself in every aspects of life have started getting results, with the country moving up two places in the recently-released Global Innovation Index (GII) report by the United Nations’ World Intellectual Property Organization (WIPO).
Qatar are now in 50th place globally, among 132 countries, up from 52nd in 2022.
The GII 2023 examined 132 economies around the world using 80 indicators to assess each country’s innovative capabilities and measurable results. The report said Qatar improved its performance in converting innovation input into output performance. The country received a GII score of 33.4, compared to 32.9 last year.
Qatar’s GII ranking helped maintain its position as the Middle East’s third most innovative country, following the UAE (32nd) and Saudi Arabia (48th). Qatar ranks sixth in the North Africa and Western Asia region.
The GII input pillars included human capital and research, institutions, infrastructure, market sophistication, and business sophistication. Output performance measured knowledge and technology outputs, as well as creativity.
Qatar's GII ranking clearly shows the nation’s commitment to promoting innovation and establishing a sustainable and knowledge-based economy at the same time.
GII reports identify a country’s strengths and weaknesses, thereby assisting governments in devising policy responses to improve their performance for future development.
Bahrain (67th from 72nd), Oman (69th from 79th), Jordan (71st from 78th ) and Egypt (86th from 89th) also made some noticeable improvements in rankings.
For the 13th year running, Switzerland proved to be the world’s most innovative economy. They are followed by Sweden, USA, UK and Singapore. Finland, the Netherlands, Germany, Denmark, and South Korea completed the top-10 rankings.
Commenting on the report, Co-Editor Bruno Lanvin said: “While many governments still struggle with the massive amounts of public debt accumulated during COVID, the business sector has continued to increase its levels of innovation. However, this trend may hide growing disparities, as some sectors have attracted significant funding (typically artificial intelligence) while gaps have started to appear in the financing chain, especially venture capital for small and new businesses.”
WIPO has been publishing the GII ranking every year since 2007, in partnership with the Portulans Institute and the support of international partners.
The report has become a leading benchmarking tool used by policymakers, business leaders, and other stakeholders around the world for tracking and assessing global innovation trends.
---
Make sure to check out our social media to keep track of the latest content.
Instagram - @qatarliving
Twitter - @qatarliving
Facebook - Qatar Living
YouTube - qatarlivingofficial
