Which are the Most Innovative Economies in 2024?

Global Innovation Index 2024

Which are the Most Innovative Economies in 2024?

Global Innovation Index 2024

This edition of the Global Innovation Index (GII) ranks the most innovative economies in the world in 2024 amongst 133 economies and unveils the world’s top S&T innovation clusters.
This year, the Global Innovation Index also reveals how to foster innovation via social entrepreneurship to make a societal impact that benefit everyone everywhere.

Global Innovation Index Ranking 2024

For the 14th consecutive year, Switzerland is the most innovative economy in 2024 followed by Sweden, the United States, Singapore and the United Kingdom.
Gain an overview of how your economy's innovation ecosystem performs and where its innovation strengths and weaknesses live via the GII Innovation Ecosystems and Data Explorer 2024.
Global Innovation Index 2024 Ranking
Global Innovation Index 2024 Top 10 ranking

Top Science and Technology Clusters in 2024

The GII’s top Science and Technology innovation clusters are the areas with the highest numbers of inventors and scientists globally and can include entire regions or cities.

The top science and technology innovation hub in 2024 is Tokyo–Yokohama (Japan), followed by Shenzhen–Hong Kong–Guangzhou, Beijing, Seoul and Shanghai–Suzhou.
For the second consecutive year, China is the economy with the most S&T innovation clusters followed by the United States.
Top 10 Science and Technology Clusters 2024
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Video: Top 10 S&T Innovation Clusters 

Global Innovation Tracker

The Global Innovation Tracker gives an overview of the current state of global innovation within the four stages of the innovation journey.
It reveals how rapidly technology is progressing in the face of higher interest rates and geopolitical conflicts. According to this year’s Global Innovation Tracker, whilst levels of investments in R&D are still high, international patenting has decreased.
Science and innovation investment
Technological progress
Technology adoption
Socioeconomic impact
Find out more about the latest key innovation trends in the Global Innovation Tracker.

Driving innovation via social entrepreneurship

Social enterprises aim to address economic, social and environmental challenges to alleviate poverty and other complex issues. The GII reveals how to drive innovations via social entrepreneurship.

How do social enterprises innovate?

To make a societal impact, social enterprises must innovate by adopting one or several organizational models.

Social entrepreneurship and IP

Before profit comes into play, the prime objective of social enterprises is to produce a social impact (facilitating access to education, promoting peace in conflict zones, providing sustainable solutions, preserving indigenous cultures, etc.). Whilst some enterprises protect their intellectual property rights via patents and trademarks, other social entrepreneurs do not engage in filing their intellectual property rights to make it open source.
Find out about the correlation between social entrepreneurship and IP.

How to foster innovations by social enterprises?

There are multiple ways policymakers can help foster innovations, the GII will explore eight ways that can help social enterprises innovate.

About Global Innovation Index

Since its inception in 2007 and now moving into its 17th edition, the Global Innovation Index is the leading reference to measure the innovative performance of economies around the world.
Join the conversation: #GlobalInnovationIndex

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Video: What is the Global Innovation Index?

Past editions of the GII

GII 2023 – Innovation in the face of uncertainty

The GII 2023 takes the pulse of global innovation trends against the background of an economic environment fraught with uncertainty. 

GII 2022 – What is the future of innovation-driven growth?

The GII 2022 tracks the most recent global innovation trends against the background of an ongoing COVID-19 pandemic, slowing productivity growth and other evolving challenges.

GII 2021 – Tracking Innovation through the COVID-19 Crisis

The GII 2021 presents the most recent global innovation trends in the new Global Innovation Tracker. This edition also focuses on the impact of the COVID-19 pandemic on innovation.

GII 2020 – Who Will Finance Innovation?

The GII 2020 shed light on the state of innovation financing by investigating the evolution of existing mechanisms and pointing to progress and remaining challenges.