The Global Innovation Index 2018. Energizing the World with Innovation

 01/10/2018

The report covers 126 economies around the world and uses 80 indicators to measure the innovation performance.

The Global Innovation Index is calculated as the average of two sub-indices: the Innovation Input Sub-Index and the Innovation Output Sub-Index.

The Input Sub-Index is composed of five input pillars determining innovation activities within the economy:

(1) Institutions

(2) Human capital and research

(3) Infrastructure

(4) Market sophistication

(5) Business sophistication.

The Output Sub-Index measures the results of innovative activities within the economy. There are two output pillars:

(6) Knowledge and technology outputs

(7) Creative outputs.

For the Global Innovation Index, Belgium obtains a score of 50.5 (on a scale of 100, with higher scores representing better outcomes) and a 25th position (out of 126) (27 out of 127 in the 2017 Edition). For the Sub-Indexes, a score of 59.5 (21st) for the Input Sub-Index and a score of 41.5 (23rd) for the Output Sub-Index are recorded. For each country, an Innovation Efficiency Ratio (ratio of the Output Sub-Index over the Input Sub-Index) measuring how a country translates its innovation capabilities into innovation outputs is estimated. This Belgian ratio reaches 0.7 (38th position).

According to the scores at the pillars, the strengths of Belgium are: Human capital & research (13th out of 126) (in particular, Education, but with the exception of Graduates in science & engineering), Business sophistication (17th out of 126) (knowledge workers, innovation linkages) (with the exception of FDI net inflows). The weakness of Belgium is: Market sophistication (42nd out of 126) (in particular, Ease of getting credit).

According to the scores at the indicators, Belgium has also the following strengths: Business environment and Creative goods & services.

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