Sweden ranks nr two in this year’s Global Innovation Index. The ranking is based on parameters such as degree of knowledge and technology outputs, infrastructure and human capital.
The Global Innovation Index 2021 captures the innovation ecosystem performance of 132 economies and tracks the most recent global innovation trends. This year, Switzerland is ranked number one in the world, followed by Sweden in second place and the US in third place. During the past 10 years, Sweden has consistently been ranked in the top three.
The innovation index looks at seven different parameters. Sweden scores high on institutions, where the political, regulatory and business environment is measured. In the business sophistication parameter, measuring knowledge workers, knowledge absorption and innovation linkages, Sweden is ranked number one in the world. Sweden also scores high in the knowledge and technology outputs, where the country is ranked number 2 out of the 132 countries.