Switzerland named as the most innovative country in the world

If you want to move to a country that is considered innovative, then Switzerland is the place to choose, followed by Sweden, the UK and the United States, according to a new index report.

Switzerland leads the 2016 rankings, the same position it had in 2015, while China joins the ranks of the world’s 25 most innovative economies compiled by Cornell University, INSEAD and the World Intellectual Property Organisation (WIPO), for the first time.

switzerlandFifteen of the top 25 economies come from Europe, including the top three. Following the top three are Finland in fifth, Ireland seventh, Denmark eighth, the Netherlands ninth, and Germany in tenth position.

The report says that Europe benefits from comparatively strong institutions and well developed infrastructure, while room for improvement is found in business sophistication and knowledge and technology outputs. Europe does particularly well in environmental performance, ICT access, and school life expectancy.