Switzerland is the most innovative country in Europe

Switzerland has risen one place in the Bloomberg Innovation Index. It is now ranked in third place overall in the world and is the top-ranked European country. Switzerland performed well primarily due to its achievements in the area of research and development.

Researchers EPFL
Researchers working in the EPFL Laboratory of Cell and Membrane Biology. Image Credit: PFL - Alain Herzog

In the most recent edition of the Bloomberg Innovation Index, Switzerland was ranked in third place globally. It has therefore risen by one place against the prior year’s rankings, with only South Korea and Singapore now placed ahead of Switzerland. This means that Switzerland is the most innovative country in Europe, having swapped places with Germany, which fell from third to fourth place in comparison with the previous year.

In total, 60 countries are ranked in the index. They are evaluated on the basis of categories such as research and development, productivity and the concentration of listed high-tech companies. A maximum score of 100 points is on offer to the respective countries.

Switzerland shines in research and development

This year, Switzerland achieved a total score of 87.60 points, performing particularly well in the area of research and development. In terms of research intensity, Switzerland was ranked third, while it took fourth place for concentration of researchers. Moreover, Switzerland continues to be ranked among the five best countries in the area of manufacturing value added. 

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