Armenia improved its position in the Global Innovation Index 2019

ArmInfo.Armenia ranked 64th in the ranking of the most innovative countries (Global Innovation Index 2019) prepared by the World Intellectual Property Organization  (WIPO). The study was published on the UN website on Wednesday.  In  total, the index estimates the innovation activity of almost 130  countries of the world. Over the year, Armenia improved its position  by 4 points. In the Global Innovation Index 2018, the country ranked  68th.

<The sequence number in the general list does not fully reflect the  situation. If we take into account per capita incomes, the indicators  of Armenia, Georgia and Moldova have exceeded the expectations of  experts, "they note in WIPO.

If we talk about the geographical neighbors of Armenia, in the world  ranking of innovations Russia took the 46th place, Georgia - the  48th, Azerbaijan - the 84th, and Turkey - the 41st.

The index is headed by Switzerland. The top ten also includes Sweden,  the USA, the Netherlands, the UK, Finland, Denmark, Singapore,  Germany and Israel.

In terms of the quality of innovation, China is at the top of the  list (14th place in the list). Among the high- income countries, the  United States ranks first in terms of the quality of innovation.  Switzerland, which is the leader of the main ranking, is in fourth  place.

It is noteworthy that this year the WIPO report focuses on innovation  in medicine. The authors note that any discoveries in this area,  before they can be used by broad sections of the population, pass  through many instances. Sometimes this process stretches over  decades.

The Global Innovation Index has been published since 2007. It is made  up of employees of Cornell University USA, located in France, the  European Institute of Business Management INSEAD and the World  Intellectual Property Organization (a specialized UN agency).

Compilers evaluate the innovative potential of countries and their  success in innovation. Estimates are based on data from various  sources, including World Bank data. Among other things, indicators on  the number of registered patents and expenditures on education, the  number of patent applications, as well as expenditures on the  development and introduction of innovations are taken into account.