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Sweden, United Kingdom & Switzerland topped this year’s Global Innovation Index(GII), Sweden has been ranked as the third most innovative country in the world, a step down from last year in the annual rankings published by Cornell University, INSEAD, the French business school, and the World Intellectual Property Organization.

“Sweden is showing spectacular results without any big weaknesses, and is one of the world’s most innovative countries,” CEO of INSEAD, Bruno Lanvin said at a press conference.

Every year, the Global Innovation Index ranks the innovation performance of more than
140 countries and economies around the world. The ranking is based on 81 indicators.

World top 10 Innovative countries

A number of Europe’s most innovative & internationally successful companies came from Sweden, including furnishing giant IKEA and online music streaming service Spotify AB.

Top 3 per region innovation

There is still a large gap between commercialization & innovation, however it is positive, really to say that there is large potential for Sweden’s immediate future.

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Haseeb Tariq