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The World's Most Innovative Economies


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In the world of ideas, South Korea is king.

Germany, Sweden, Japan and Switzerland rounded out the top five in the 2016 Bloomberg Innovation Index, which scored economies using factors including research and development spending and concentration of high-tech public companies.

South Korea notched top scores worldwide for manufacturing value-added as well as for tertiary efficiency — a measure that includes enrollment in higher education and the concentration of science and engineering graduates. While the country's No. 39 ranking for productivity might pass for mediocre, it was second for R&D intensity, high-tech density and patent activity and ranked sixth for researcher concentration.

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