iSwitzerland, Sweden, the United States, the United Kingdom and Singapore are the world’s most innovative economies in 2023, according to WIPO’s Global Innovation Index (GII). China – the only middle-income economy in the GII top 30 – ranks 12th – down from 11th in 2022. However, for the first time, in 2023, China has the most Science & Technology (S&T) clusters (24) ranked among the top 100, overtaking the United States with 21 clusters unchanged from 2022. Based on S&T intensity, only 1 Chinese cluster – Beijing – made the top 25 versus 8 U.S. clusters.
Per WIPO, “The GII 2023 uses 80 indicators to track global innovation trends in 130-plus economies, guiding policy makers and business leaders in stimulating human ingenuity. This year, the report’s findings are unveiled against a background of slow economic recovery from the COVID-19 pandemic, high interest rates and geopolitical conflict.”
The full report is available here.
