Country Innovation Ranking — Azerbaijan lags behind Armenia

12:36 - 16.02.2024

February 16, Fineko/ In the 2023 innovation ranking of countries, Azerbaijan ranked 89th among 132 countries in the world.

ABC.AZ reports that the rating was prepared by The World Intellectual Property Organization (WIPO).

The rating experts analyzed global trends in innovation amid the current economic situation and ranked world economies on their innovative potential, taking into account about 80 indicators grouped by criteria such as costs and results of innovation.

The countries with high rates of innovation are Switzerland, Sweden, the U.S., the UK and Singapore. Angola took the last place in the ranking.

The five CIS countries include Russia, Ukraine, Moldova, Armenia and Belarus. Kazakhstan is followed by Uzbekistan, Azerbaijan, Kyrgyzstan and Tajikistan.

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