Montenegro Rises in World’s Most Innovative Countries Ranking

By , 28 Jul 2019, 18:48 PM Business
Montenegro Rises in World’s Most Innovative Countries Ranking Copyrights: WIPO - The World Intellectual Property Organization

Share this:

28 July 2019 - Montenegro has significantly improved its position in a prestigious ranking of the world’s most innovative countries. After last year's ranking as the 52nd most innovative country worldwide by the Global Innovation Index, Montenegro has reached 45th place in the 2019 edition.

According to the Global Innovation Index 2019, which was released July 24th with the theme “Creating Healthy Lives – The Future of Medical Innovation”, Montenegro occupies the 45th position in the Global Innovation Index 2019 rankings. On the list of Innovation Input Sub-Index rankings, Montenegro is ranked 55th, while in terms of Innovation Output Sub-Index rankings, Montenegro occupies the 46th position.

Montenegro Rises in Worlds Most Innovative Countries Ranking 2

The Global Innovation Index 2019 by Cornell University, INSEAD and WIPO, provides detailed metrics about the innovation performance of 129 countries and economies around the world. Its 80 indicators explore a broad vision of innovation, including political environment, education, infrastructure and business sophistication. The GII 2019 analyses the medical innovation landscape of the next decade, looking at how technological and non-technological medical innovation will transform the delivery of healthcare worldwide. It also explores the role and dynamics of medical innovation as it shapes the future of healthcare, and the potential influence this may have on economic growth. Chapters of the report provide more details on this year’s theme from academic, business, and particular country perspectives from leading experts and decision-makers.

According to the report, “Thailand (43rd), Montenegro (45th), and the Russian Federation (46th) are among the upper-middle-income economies that are performing above high-income economies in selected GII pillars”. The publication also places Montenegro on the list of countries whose results exceeded “expectations for the level of development”.

Montenegro Rises in Worlds Most Innovative Countries Ranking 6

The Global Innovation Index confirms that Montenegro has maintained relatively stable ranking on the list of the world’s most innovative countries. “The following 18 economies are among the top 50, with most of them maintaining relatively stable rankings since 2014: the Czech Republic (26th), Malta (27th), Spain (29th), Italy (30th), Slovenia (31st), Portugal (32nd), Hungary (33rd), Latvia (34th), Slovakia (37th), Lithuania (38th), Poland (39th), Bulgaria (40th), Greece (41st), Croatia (44th), Montenegro (45th), the Russian Federation (46th), Ukraine (47th), and Romania (50th),” it is stated in the report.

The Global Innovation Index 2019 found that overall, “Switzerland is the world’s most-innovative country followed by Sweden, the United States of America (U.S.), the Netherlands and the United Kingdom (U.K.),” according to a World Intellectual Property Organization (WIPO) press release. Since 2011, Switzerland has ranked 1st in the GII every year.

Read more about the business environment in Montenegro at TMN's dedicated page.

Remax Property of the Week

Property of the week.png


Interview of the week

Photo of the Week

Photo galleries and videos