The Global Innovation Index 2019: Creating Healthy Lives—The Future of Medical Innovation

 04/12/2019

The report covers 129 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 50.18 (on a scale of 100, with higher scores representing better outcomes) and a 23rd position (out of 129) (25 out of 126 in the 2018 Edition). For the Sub-Indexes, a score of 60.73 (21st) for the Input Sub-Index and a score of 39.63 (24th) for the Output Sub-Index are recorded.

According to the scores at the pillars, the strengths of Belgium are: Human capital & research (13th out of 129) (in particular, R&D and Education, but with the exception of Graduates in science & engineering), Business sophistication (17th out of 129) (knowledge workers, innovation linkages) (with the exception of FDI net inflows). The weakness of Belgium is: Market sophistication (37th out of 126) (in particular, Ease of getting credit and Ease of protecting minority investors). According to the scores at the indicators, Belgium has also the following strengths: Business environment.

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