Bloomberg Rankings recently examined more than 200 countries and sovereign regions to determine their innovation quotient. Each country's Innovation was measured by seven factors(see below). After publishing a list of the top 50, where did Israel stand?
Well for starters, most exciting is that Israel placed number 1 in the world when it comes to R&D intensity! However, for two of the seven scoring metrics, data on Israel was not available, leading to Israel ending up at 32nd worldwide.Still pretty amazing ! Check out the full stats below.
R&D intensity (Research and development as a percentage of gross domestic product): 1st
Productivity (GDP per employed person, per hour worked): 24th
High-tech density (High-tech public companies -- such as aerospace and defense, biotechnology, hardware, software, semiconductors, Internet software & services and renewable energy companies -- as a percentage of publicly listed companies.): 7th
Researcher concentration (R&D researchers per one million people): N/A
Manufacturing capability (Manufacturing value-added as a percentage of GDP; products with high R&D intensity-aerospace, computers pharmaceuticals, scientific instruments and electrical machinery as a percentage of total manufactured exports): N/A
Tertiary efficiency (Enrollment ratio in all subjects for post-secondary students; tertiary graduation ratio of students who majored in science, engineering, manufacturing and construction; annual new graduates and total tertiary-degree holders as percentages of labor force): 7th
Patent activity (Resident patent filings per million population and per $1 million R&D spent): 41st
Sources: Bloomberg, World Bank, World Intellectual Property Organization, Conference Board, OECD, UNESCO