The Global Innovation Index aims to capture the multi-dimensional facets of innovation and provide the tools that can assist in tailoring policies to promote long-term output growth, improved productivity, and job growth. The Global Innovation Index helps to create an environment in which innovation factors are continually evaluated. It provides a key tool and a rich database of detailed metrics for 141 economies this year, which represent 95.1% of the world’s population and 98.6% of global GDP.
The Global Innovation Index relies on two sub-indices, the Innovation Input Sub-Index and the Innovation Output Sub-Index, each built around pillars. Five input pillars capture elements of the national economy that enable innovative activities:
2. Human capital and research;
4. Market sophistication;
5. Business sophistication.
Two output pillars capture actual evidence of innovation outputs:
6. Knowledge and technology outputs;
7. Creative outputs.
Each pillar is divided into sub-pillars and each sub-pillar is composed of individual indicators (79 in total). Sub-pillar scores are calculated as the weighted average of individual indicators; pillar scores are calculated as the weighted average of sub-pillar scores.