, Singapore
Photo by Jan Folwarczny on Unsplash

SG is 7th most innovative economy in the world

In Asia, it ranked second.

Singapore moved a place higher on the Global Innovation Index (GII) ranking, landing at 7th.

The GII ranks the innovation performance of 132 economies.

Amongst Asian economies in the ranking, Singapore had the second highest placement behind South Korea.

The Lion City also ranked inside the top 10 for the following innovation pillars: Institutions (1st), Human Capital and Research (7th), Market Sophistication (4th), and Business Sophistication (2nd).

In the Infrastructure, Knowledge and Technology Outputs, and Creative Outputs pillars, Singapore ranked 11th, 13th, and 21st, respectively.

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