Jakarta (Indonesia Window) – Indonesia ranks 85th of 131 countries/economies in the 2020 Global Innovation Index (GII) issued by a collaboration between Cornell University, INSEAD European Business School, and the World Intellectual Property Organization (WIPO).
Indonesia is ranked 85th with a score of 26.49, below Oman with a score of 26.50 and above Kenya with a score of 26.13.
Indonesia’s position has not changed compared to last year, but with a higher score of 29.72.
GII is a project that continues to develop by combining previous data and new data available.
This year, the GII model covers 131 countries/economies, representing 93.5 percent of the world’s population and 97.4 percent of the world’s Gross Domestic Product (GDP) in current international dollar purchasing power parity.
GII takes into account 80 indicators that are considered to explore a broad vision of innovation, including the political environment, education, infrastructures, as well as market and business sophistications.
The 2020 edition highlights on the state of innovation financing by investigating the evolution of financing mechanisms for entrepreneurs and other innovators, and by pointing to progress and remaining challenges, including in the context of the economic slowdown induced by the COVID-19 pandemic.
The GII assessment framework consists of two sub-indices, namely, Innovation Input Sub-Index and Innovation Output Sub-Index.
The former sub-index consists of five input pillars that capture elements of the national economy that enable innovative activities.
Meanwhile, the latter sub-index is the result of innovative activities within the economy, consisting of two pillars.
Although the Output Sub-Index includes only two pillars, it has the same weight in calculating the overall GII scores as the Input Sub-Index.
The overall GII score is the average of the Input and Output Sub-Indices.
Based on the Input Sub-Index and Output Sub-Index, Indonesia, which is grouped into lower middle-income economies, ranks 91th and 76th respectively out of 131 countries/economies.
The top three for GII 2020 are Switzerland, Sweden and the United States.
Reporting by Indonesia Window