Bloomberg ranks Israel among top innovative countries in annual index

Israel was ranked as the 10th most innovative country in the 2018 Bloomberg Innovation Index published on Tuesday, scoring high in the research and development, researcher concentration and high-tech density categories.
Rivlin, Peres and Netanyahu at the Innovation Center at the Peres Peace House (2016) Photo Credit: Raffi Daloya/TPS

Israel was ranked as the 10th most innovative country in the world in the 2018 Bloomberg Innovation Index that was published on Tuesday. The index ranked countries based on seven criteria, including research and development, high-tech density and patent activity.

According to Bloomberg, the US dropped out of the top 10 for the first time in six years and was ranked just below Israel at the 11th place. Israel came first in the research and development category, surpassing top scorer South Korea, which maintained its 1st position in the annual index for the fifth consecutive year. Israel also scored particularly high in researcher concentration and high-tech density, but not in secondary education-efficiency, where it was ranked at the 41th position.

In second place came Sweden, followed by Singapore, Germany and Switzerland. Japan, also high scoring in research and development and patent activity, was ranked at 6th place, followed by Finland, Denmark and France.

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