Global Innovation Index, 2016

Description

The Global Innovation Index (The overall GII score is the simple average of the Input and Output Sub-Index scores) aims to capture the multi-dimensional facets of innovation and provide the tools that can assist in tailoring policies to promote long-term output growth, improved productivity, and job growth. The GII helps to create an environment in which innovation factors are continually evaluated. It provides a key tool and a rich database of detailed metrics for 141 economies this year, which represent 95.1% of the world’s population and 98.6% of global GDP.

The Innovation Efficiency Ratio is calculated as the ratio of the Output Sub-Index score over the Input Sub-Index score. It is designed to assess the effectiveness of innovation systems and policies. The countries with the highest Innovation Efficiency Ratios are countries that combine certain levels of innovation inputs with more robust output.