The Bloomberg agency has made a list of the most innovative countries. At first, a group of experts examined 200 countries and the autonomous regions, and then their number was reduced to 96. Finally, the list comprised the top 50 innovative countries. According to the results of the research, the USA tops the list and Russia ranks in 14th place. It is the only post-Soviet country and member of BRICS that made it in the top 25.The innovation level of each country is measured according to seven factors: Research and experimental development (R&D) intensity, R&D as a percentage of GDP, high tech density, researcher concentration, manufacturing capability, tertiary efficiency and patent activity.
Russia is good with the third factor, high tech density, and is number two in the list as far as this criterion is concerned. The Russian Federation also occupies the second place in tertiary efficiency and is number eight in patent activity.
Russia came up short in the areas of manufacturing capability, in 38th place and in research and experimental development intensity, having ranked 41st place.
Here's the list of the top 50 most innovative countries:
1. USA
2. South Korea
3. Germany
4. Finland
5. Sweden
6. Japan
7. Singapore
8. Austria
9. Denmark
10. France
11. Netherlands
12. Ireland
13. Norway
14. Russia
15. Belgium
16. Luxembourg
17. Canada
18. The United Kingdom
19. Slovenia
20. Iceland
21. Switzerland
22. Australia
23. The Czech Republic
24. Italy
25. Portugal
26. Hungary
27. Spain
28. New Zealand
29. China
30. Poland
31. Estonia
32. Israel
33. Lithuania
34. Slovakia
35. Croatia
36. Hong-Kong
37. Turkey
38. Malaysia
39. Malta
40. Tunisia
41. Greece
42. Ukraine
43. Bulgaria
44. Latvia
45. Argentina
46. Romania
47. Iran
48. Macedonia
49. Belarus
50. South Africa
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