Serbia 52nd in world when it comes to innovations

The Global Innovation Index (GII) 2024, published by the World Intellectual Property Organization (WIPO), ranks 133 economies based on their innovation capabilities and performance. This year’s report highlights shifts in global innovation leadership, with a focus on emerging economies challenging traditional leaders.

To summarize the results of this year’s GII, Visual Capitalist visualized each economy’s score using a global heatmap. Lower scores are shown as darker shades of blue, transitioning to green and then yellow as score increases.

The GII measures each economy based on seven underlying innovation pillars, which altogether comprise 78 indicators.

For the 14th consecutive year, Switzerland was named the world’s most innovative country. Similar to last year, the U.S. takes third place in the GII. It ranked the highest in Market Sophistication (#1) and Business Sophistication (#2), but its overall score was dragged down by its lower rank in Infrastructure (#30).

A key theme of this year’s GII is innovation overperformers, which are countries that perform above expectation relative to their level of development. The top three in this regard are India, Moldova, and Vietnam. All three of these economies have overperformed over the past 14 years since 2011, Visual Capitalist writes.

When it comes to Serbia, it placed 52nd. For the sake of comparison, of the countries of the region, Croatia is 43rd, North Macedonia 58th, and Montenegro 65th.

World Intellectual Property Organization

WIPO

Global Innovation Index

GII

innovation capabilities and performance

global innovation leadership