South Korea Ranks #1 for the 2021 Bloomberg Innovation Index

South Korea Ranks #1 for the 2021 Bloomberg Innovation Index

Published every year by Bloomberg, the 2021 Bloomberg Innovation Index assesses countries worldwide:

“The ranking process began with more than 200 economies, scored on a 0-100 scale in seven equally weighted categories. Nations that didn’t report data for at least six categories were eliminated, trimming the total list to 111. Bloomberg publishes the top 60 economies.”

This years focus has changed significantly from last year due to the covid-19 pandemic:

“The pandemic has also spotlighted a different kind of breakthrough, one that has more to do with policy and organization than technology or research, according to Nobel prizewinning economist Paul Romer.”

Both the US (11th place) and China’s (16th place) rankings have declined from previous years.

    2021 Bloomberg Innovation Index
        1. South Korea
        2. Singapore
        3. Switzerland
        4. Germany
        5. Sweden
        6. Denmark
        7. Israel
        8. Finland
        9. Netherlands
       10. Austria
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