Poland among most innovative countries, says Global Innovation Index

Ranking 23rd in the 2021 Bloomberg Innovation Index, Poland advanced by two places since last year’s ranking. Kalbar/TFN

Poland has advanced in the latest innovation ranking compiled by Bloomberg, scoring particularly well when it comes to manufacturing value-added and high-tech density.

Ranking 23rd in the 2021 Bloomberg Innovation Index, Poland advanced by two places since last year’s ranking, putting it ahead of several other EU countries, including the Czech Republic, Hungary and Slovakia – as well as Greece and Spain.

The Index identifies the world’s 60 most innovative economies by analysing dozens of criteria in seven equally-weighted metrics (in total, it evaluated more than 200 economies).

Poland scored a total of 73.38 points out of the possible 100 (the top-scoring country, South Korea, had 90.49).

It did especially well in two of the seven categories, manufacturing value-added and high-tech density, coming 19th in each of them.

Poland also came 33rd in R&D intensity, 34th in productivity, 28th in tertiary efficiency, 33rd in researcher concentration and 30th in patent activity, the other five categories.

South Korea tops the list with  Singapore and Switzerland coming second and third.

Six EU countries made it into the top ten: Germany, Sweden, Denmark, Finland, the Netherlands and Austria.

The US was 11th and the UK 18th.