Cyprus dropped to 49th place in the global innovation map for 2021

Cyprus fell one place on the world innovation map. More specifically, Cyprus ranks 49th on the list of the 60 most innovative economies in the world for 2021, compared to 48the position he held in 2020.

The relevant assessment was published for the ninth consecutive year by Bloomberg in the “Bloomberg Innovation Index 2020”. According to it, Cyprus scores 53.64 (on a scale of 100) based on its performance in seven sub-sectors, measured by the Bloomberg Innovation Index and related to innovation.

Note that the Bloomberg Annual Innovation Index measures seven sub-measures, such as Research and Development (R&D) spending, high-tech concentration of public companies, number of researchers, patent activity , manufacturing value-added, productivity and efficiency of higher education.

Cyprus for 2021 achieved the highest score (59 points) in the “patent activity” index, while it has a good score (58 points) in the manufacturing value-added index “. In addition, Cyprus scores 52 points in the “Research & development intensity” and 42 points in the “innovation productivity” index.

According to the Bloomberg Innovation Index, Cyprus’ lowest performance of 36 points is in the index of the concentration of high-tech companies.

Korea tops the list

South Korea is declared world champion in the field of innovation for 2021, with a score of 90.49, with Singapore ranking second and Switzerland taking the silver στη in the list of the most innovative economies in the world.

Overall, Europe has reason to be proud of its innovation performance, with seven of the top ten on the list belonging to European countries: Germany ranks 4th among the 60 most innovative countries in the world. Sweden is in 5th place, Denmark is in 6th place, Finland is in 8th place, the Netherlands is in 9th place, while Austria is in the top ten.

In fact, the aforementioned European countries manage to move the US from the list of the ten most innovative economies in the world in 2021, ranking 11th, losing two places compared to 2020. China, for its part, occupies for 2021 just the 16th place of the relevant ranking.

Source: Digital Life! by

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