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Nigeria Ranks 109th, Switzerland, Sweden, US Top Global Innovation Index

In the 2023 Global Innovation Index (GII), Nigeria ranked 109th globally, while Switzerland, Sweden, and the United States claimed the top three positions. Nigeria secured 18.4% and stood 12th among African countries, with South Africa, Morocco, and Tunisia leading with 30.4%, 28.4%, and 26.9%, respectively.

The GII, compiled by the World Intellectual Property Organization (WIPO), evaluates the innovation performance of 132 economies worldwide, tracking the latest global innovation patterns. Following the top three were the United Kingdom, Singapore, Finland, the Netherlands, Germany, Denmark, and South Korea.

“The GII 2023 tracks global innovation trends against a background of uncertainty caused by slow economic recovery from the COVID-19 pandemic, high interest rates and geopolitical conflict, but with the promise of Digital Age and Deep Science innovation waves and technological progress,” WIPO said.

The rankings provided insights into the realms of science, innovation, technological advancements, adoption rates, and socioeconomic impacts.

It further said, “This year, Sweden has overtaken the United States and has climbed to second position. Singapore has entered the top five, and has taken the leading position among South East Asia, East Asia and Oceania (SEAO) region economies.”

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