The Global Innovation Index 2013 ranks Armenia 59th among 142 countries. The country comes second in the lower-middle-income group topped by Moldova (45th).
The Global Innovation Index (GII) is co-published by the Cornell University, the European Institute of Business Administration (INSEAD) and the World Intellectual Property Organization (WIPO, a specialized agency of the United Nations)
The GII 2013 looked at 142 economies around the world, using 84 indicators including the quality of top universities, availability of microfinance, venture capital deals – gauging both innovation capabilities and measurable results.
Among the encouraging signs identified by GII 2013, 18 emerging economies are outperforming other countries in their respective income groups in order of distance: the Republic of Moldova, China, India, Uganda, Armenia, Viet Nam, Malaysia, Jordan, Mongolia, Mali, Kenya, Senegal, Hungary, Georgia, Montenegro, Costa Rica, Tajikistan and Latvia. All of them demonstrate rising levels of innovation compared with their peers.
Switzerland tops the 2013 ranking followed by Sweden and United Kingdom. The top ten includes also the Netherlands, the US, Finland, Hong Kong, Singapore, Denmark and Ireland.
Azerbaijan is ranked the 105th, Georgia – 73rd, Turkey – 68th, Russia -62nd, and Iran is only 113th.