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Iceland

Innovations Index

51.8
(0-100)
Source: IMF
12
China54.8
13
Japan54.5
14
Hong Kong53.7
15
Israel53.4
16
Canada53.1
17
Iceland51.8
18
Austria50.9
19
Ireland50.7
20
Norway50.4
21
Estonia49.9
22
Belgium49.2

Definition of Innovations Index

The Global Innovation Index includes two sub-indices: the Innovation Input Sub-Index and the Innovation Output Sub-Index. The first sub-index is based on five pillars: Institutions, Human capital and research, Infrastructure, Market sophistication, and Business sophistication. The second sub-index is based on two pillars: Knowledge and technology outputs and Creative outputs. Each pillar is divided into sub-pillars and each sub-pillar is composed of individual indicators. The full report, data, and documentation are available at <a href="https://www.globalinnovationindex.org" target="_blank">global innovation index</a>.

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