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Israel Ranked 5th Most Innovative Country

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Israel recently was recognized as being one of the world's most innovative countries, ranking number five overall on this year’s Bloomberg Innovation Index:

The study measured country rankings in six areas: research and development (R&D), manufacturing, the number of high-tech companies located in each country (the total number, not adjusted for population size), the number of students enrolled in post-secondary education programs, the number of PhDs working in R&D, and the number of patents per capita.

Israel did especially well in the R&D category, with the country ranking second in GDP expenditure on research, as well as on the percentage of the labor force with advanced degrees and the number of research professionals per million population. Israel ranked fourth overall in both those categories.

With its fifth place overall ranking, Israel bested France, Singapore, and the UK, as well as the US, which came in sixth overall. Taking the number one spot in overall innovation, as well as in R&D and education, was South Korea, followed by Japan, Germany, and Finland.

Tags: Israeli Innovation

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