The Global Innovation Index (GII) is an annual report published by WIPO since 2007. The report has been prepared in partnership with many institutes around the world (which also includes the Turkish Exporters Assembly “TİM”).
The main purpose of the Global Innovation Index (GII) is to rank 132 economies of the world according to their innovation capabilities. The Index is built on the collection of 81 indicators from international public and private sources.
The 2022 edition of the Global Innovation Index (GII) has been published by WIPO recently. It reveals the most innovative economies in the world during the period of an ongoing COVID-19 pandemic, slowing economic activities and global conflicts.
Some of the key findings of GII 2022
According to the report, Switzerland is the most innovative economy in the world in 2022. The United States is in the second place, and it is followed by Sweden, the United Kingdom and the Netherlands.
The top R&D expenditure increased by almost 10 percent in 2021. The top industries that increase R&D are the following: ICT hardware and electrical equipment – Software and ICT services – pharmaceuticals and biotechnology – and construction and industrial metals.
The most innovative economies in 2022 – (Top 20)
- Switzerland (Number 1 in 2021)
- United States (3)
- Sweden (2)
- United Kingdom (4)
- Netherlands (6)
- Republic of Korea (5)
- Singapore (8)
- Germany (10)
- Finland (7)
- Denmark (9)
- China (12)
- France (11)
- Japan (13)
- Hong Kong, China SAR (14)
- Canada (16)
- Israel (15)
- Austria (18)
- Estonia (21)
- Luxembourg (23)
- Iceland (17)
Source: WIPO- Global Innovation Index 2022
Türkiye's rankings
The 2022 GII report shows that Türkiye enters the list of the top 40 countries in 37th place for the first time.
The following table shows the rankings of Türkiye over the past 3 years:
Please see below a summary of the key findings related to Türkiye’s performance according to GII 2022 report:
- Türkiye ranks 4th among the 36 upper-middle-income group economies.
- Türkiye ranks 4th among the 19 economies in Northern Africa and Western Asia.
- Türkiye’s performance is at expectations for its level of development relative to its GDP.
- Türkiye performs better in innovation outputs than innovation inputs in 2022.
- Türkiye ranks 33rd for the innovation outputs which is a higher position than both 2021 and 2020.
- Türkiye produces more innovation outputs relative to its level of innovation investments.
- Türkiye performs best in Creative outputs and its weakest performance is in Institutions.
According to the GII 2022 report, the top performing cooperates in R&D in Türkiye are “ASELSAN”, “KOÇ” and “FORD OTOMOTIV”.
Also, the most valuable brands of Türkiye are listed as “Turkish Airlines”, “Arçelik” and “Turkcell”.
Conclusion
According to the GII 2022 report, some of the indicator “strengths” of Türkiye are mentioned as “Tertiary enrolment”, “Domestic industry diversification”, “Industrial designs by origin” and “Trademarks by origin”.
However, there are also indicator “weaknesses” for Türkiye, some of them are “Political and operational stability”, “Cost of redundancy dismissal”, “Venture capital investors, deals” and “Graduates in science and engineering”.
Consequently, we can say that the Global Innovation Index (GII) 2022 report confirms that Türkiye’s performance is at expectations for its level of development.
References:
- Global Innovation Index 2022: Switzerland, the U.S., and Sweden lead the Global Innovation Ranking; China Approaches Top 10; India and Türkiye Ramping Up Fast; Impact-Driven Innovation Needed in Turbulent Times (wipo.int)
- Global Innovation Index 2022: What is the future of innovation-driven growth? (wipo.int)
- Global Innovation Index