Hungary moves up in Global Innovation Index

Hungary ranks 33rd in the Global Innovation Index (GII) 2016, having advanced two places compared to the 2015 GII, a report by the World Intellectual Property Organisation, a specialised agency of the United Nations, showed on Wednesday, portfolio.hu reports.

In the rankings of 128 countries only the Czech Republic of the Visegrad Four ranks higher than Hungary, although it slipped to the 27th place from the 24th last year. Slovakia ranks 36th (37th in 2015), whereas Poland jumped to the 39th place from the 46th.

On a 0-100 scale, Hungary scored 44.7, up from 43 points in 2015. WIPO’s analysts evaluated institutions, including the political, regulatory and business environments, human capital & research, including education, tertiary education and R&D, as well as the infrastructure.

The list of the world’s 25 most-innovative economies is led by Switzerland (also Number 1 in 2015), followed by Sweden (3), the United Kingdom (2), the USA (5), Finland (6)and Singapore (7). China has joined their ranks for the first time, stepping forward to the 25th place from the 29th last year.