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Singapore soars up innovation rankings, US falls out of top 10

Global Economy

Singapore soars up innovation rankings, US falls out of top 10

Bloomberg Published on Tue, Jan 23, 2018 / 8:41 AM GMT+8

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SINGAPORE (Jan 23): Singapore jumped ahead of European economies Germany, Switzerland and Finland into third place on the strength of its top ranking in the tertiary-efficiency category in the 2018 Bloomberg Innovation Index.

For the first time in the six years the gauge has been compiled, the US dropped out of the top 10 in the 2018 while South Korea and Sweden retained their No. 1 and No. 2 rankings.

The index scores countries using seven criteria, including research and development spending and concentration of high-tech public companies.

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Singapore soars up innovation rankings, US falls out of top 10

Global Economy

Singapore soars up innovation rankings, US falls out of top 10

Primary tabs

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Singapore soars up innovation rankings, US falls out of top 10

Global Economy

Singapore soars up innovation rankings, US falls out of top 10

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