Georgia Has Advanced by 9 Positions in the Ranking of the Global Innovation Index 2023

The World Intellectual Property Organization (WIPO) has published the rankings of the Global Innovation Index 2023, in which Georgia has advanced by 9 positions as compared with the previous year and ranks 65th among 132 economies.

The Global Innovation Index (GII) ranks 132 world economies according to their innovation capabilities. The GII aims to capture the multi-dimensional facets of innovation taking into consideration two sub-indices - the Innovation Input Sub-Index and the Innovation Output Sub-Index. Each is structured according to the main components and evaluation is based on up to 80 indicators in 7 thematic categories. It is noteworthy that in 2023 the rankings of Georgia have improved in both sub-indices.

The results of Georgia in the Global Innovation Index 2023 demonstrate the progress of the country in terms of economic and innovative development in particular areas, which is reflected in improvement of scores in various components. In the current year, the country data have improved considerably in 6 main components out of 7, including such areas as Institutions, Business sophistication, Human capital and research, Knowledge and technology outputs, Creative outputs and Infrastructure.

The Global Innovation Index (GII) is a ranking of innovative capabilities and performance of world economies. The GII ranks world economies according to their innovation capabilities. It reveals the most innovative economies in the world, analyzing the innovation performance of countries and highlighting innovation strengths and weaknesses.