Israel Up Five Places on Bloomberg’s Innovative Countries List

Israel was ranked fifth on Bloomberg’s annual list published Tuesday, ahead of countries like the U.S. and Japan

Israel came in fifth on Bloomberg’s list of World’s Most Innovative Countries for 2019, published Monday, up five places from its 2018 ranking. The annual list takes into account parameters such as spending on research and development, manufacturing capabilities, and concentration of public tech companies.

 

For daily updates, subscribe to our newsletter by clicking here.

  

Israel’s jump was mainly thanks to its patent activity (fourth place overall, according to Bloomberg). The country scored particularly high on research and development intensity (first place), research personnel concentration (second place), and high-tech density(fifth place).

 

Bloomberg's ranking. Photo: Bloomberg

 

 

South Korea placed first, for the sixth year in a row, narrowly winning over second place Germany. Technological powerhouses like the U.S. and Japan made the top ten at eight and ninth place, respectively.

 

Related stories:

• Israeli Innovation Hub Gets Top Marks in Global Competitiveness Index
• Tel Aviv Climbs on List of Top 10 Undergraduate Programs for Entrepreneurs
• Technion, Hebrew University Among Top 100 in Shanghai Ranking

 

In October, Israel was ranked 20th out of 140 countries on the World Economic Forum’s Global Competitiveness Index, dropping four places due to changes in the way countries are evaluated. The index takes into consideration factors such as institutions, infrastructure, education, labor, financial and goods markets, available technologies, and capacity for innovation.