Armenia has climbed to the 72nd position in the global innovation index, according to the latest report by the World Intellectual Property Organization (WIPO), which assesses the innovation performance of 132 countries worldwide. This marks a notable improvement for Armenia, placing it among the significant movers in the region alongside Georgia (65th), Bahrain (67th), and Jordan (71st).
The report highlights that Armenia is one of the middle-income economies showing substantial growth in research and development (R&D). In 2021, Armenia increased its total R&D expenditure by 4%, joining other middle-income countries like Kazakhstan (+7.8%), Egypt (+2.9%), and Uzbekistan (+2%).
Europe continues to lead with the highest number of innovation leaders among the top 25, with 16 countries in total, one more than in 2022. Of the 39 European economies covered, 19 have improved their rankings this year, including Sweden (2nd), Finland (6th), Denmark (9th), France (11th), Estonia (16th), Norway (19th), Ireland (22nd), Belgium (23rd), Italy (26th), Portugal (30th), Lithuania (34th), Latvia (37th), Greece (42nd), Slovakia (45th), Romania (47th), Serbia (53rd), North Macedonia (54th), Ukraine (55th), and Albania (83rd).
Among the improving economies, France stands out with its performance in intangible assets (3rd), global brands (4th), industrial designs (8th), and global corporate R&D investors (9th). Leading companies like LVMH, L’Oreal, and Christian Dior significantly contribute to France's success.
Now in its 16th edition, the Global Innovation Index is a leading reference for measuring an economy’s innovation ecosystem performance. Published annually, it is also a valuable benchmarking tool used by policymakers, business leaders, and other stakeholders to assess progress in innovation over time.
