Armenia is ranked 64th among 129 countries in the Global Innovation Index 2019.
Armenia is no longer part of the top 10 lower middle-income economies this year, as it has been reclassified as an upper middle-income economy. It ranks 15th among the 34 upper middle-income economies covered in the GII 2019.
Other countries in the region are placed as follows: Russia – 46th, Georgia – 48th, Turkey – 49th, Azerbaijan – 84th, Iran – 61st.
The Global Innovation Index (GII) 2019 ranks and breaks down the innovation performance of 129 countries and economies around the world.
The GII 2019 special theme analyzes the medical innovation landscape of the next decade, looking at how technological and non-technological medical innovation will transform the delivery of healthcare worldwide.
The report finds that global economic growth appears to be losing momentum relative to last year. Productivity growth is at a record low. Trade battles are brewing. Economic uncertainty is high.
Despite this gloomy perspective, innovation is blossoming around the world. In developed and developing economies alike, formal innovation—as measured by research and development (R&D) and patents—and less formal modes of innovation are thriving.