Bloomberg left the economy of Belarus out not adding the country to its latest Innovative Index. All neighbouring states’ economies are among the 60 countries whose economies are considered to be innovative.
The ranking was published by Bloomberg in the run-up to the World Economic Forum in Davos.
Bloomberg called South Korea the most innovative economy in the world. The country has held the leading position for the sixth time.
Germany, Finland, Switzerland and Israel also make the top 5.
Poland, Belarus’ western neighbour, ranked 22nd, Russia – 27th, Lithuania – 37th, Latvia – 42nd, Ukraine took 53rd place.
When working on the Index, Bloomberg experts study lots of data and analyse key figures in seven categories, including Research and Development, Manufacturing, High-Tech Companies, etc.