23.07.2014

Finland is ranked 4th in the Global Innovation Index

Finland scores consistently well for both innovation inputs and innovation outputs in comparison of 143 economies.

Finlandis ranked 4th in the Global Innovation Index (GII) 2014, co-published by Cornell University, INSEAD, and the World Intellectual Property Organization. The index covers 143 economies around the world and uses 81 indicators across a range of themes. This year, the theme of the report is the ‘Human Factor in Innovation’.

Finland is placed 5th in the Innovation Input Sub-Index, based on five input pillars that capture elements of the national economy that enable innovative activities: Institutions, Human capital and research, Infrastructure, Market sophistication, and Business sophistication. Finland is ranked 6th in the Innovation Output Sub-Index. Innovation outputs are the results of innovative activities within the economy, based on two pillars: Knowledge and technology outputs, and Creative outputs.

Strong institutions and human capital

In the index, Finland achieves positions among the top 25 countries in all pillars, including 1st place in Institutions and Human capital and researchers. Finland also scores well in 16 out of 21 sub-pillars, including 1st place in Political environment. Finland is also placed 2nd in Education as a human aspect of innovation among the high-income countries.

At the indicator level, Finland achieves 1st place in government effectiveness press freedom the number of researchers communications, computer and information services exports ICTs and business model creation and ICTs and organizational model creation. In addition, Finland is one of the five economies at the efficient frontier.

Source: Global Innovation Index