Pakistan Ranks 88th in latest Global Innovation Index 2023(GII 23)

In its 16th edition, the Global Innovation Index 2023 provides a comprehensive overview of global innovation trends against a backdrop of economic and geopolitical uncertainties. This year’s findings showcase the resilience of innovation despite challenges.

Pakistan GII 2023 Highlights:

• Overall Rank: 88 🌐
• Strengths:
  • 🚀 Innovation Linkages (Rank 54): Strong R&D collaboration.
  • 📱 Creative Outputs (Rank 70): Robust in intangible assets and mobile app creation.
  • 💰 Market Sophistication (Rank 97): Solid finance for startups and a substantial market scale.
• Challenges:
  • 🧠 Knowledge Workers (Rank 101) and 💼 Females with Advanced Degrees (Rank 109) are low.
  • 💵 FDI Net Inflows (Rank 108) need improvement.
  • 🎓 Education Expenditure (Rank 117) and Tertiary Enrollment (Rank 109) are low.
• Institutions (Rank 113): Faces challenges in operational stability.
• Infrastructure (Rank 120): Weaknesses in ICT access, but better electricity output.

Main Report

Global Innovation Leaders 2023

1. Switzerland Holds the Crown
   • “For the 13th consecutive year, Switzerland maintains its position as the most innovative economy.”
2. Sweden Surges Ahead
   • “Sweden surpasses the United States, claiming the second spot in the rankings.”
3. U.S. Maintains Strong Presence
   • “The United States remains a global innovation powerhouse, securing the third position.”
4. UK’s Consistent Innovation
   • “The United Kingdom demonstrates steady innovation, securing the fourth position.”
5. Singapore Emerges in Top Five
   • “Singapore enters the top five, leading in the SEAO region.”
6. Innovation in the MENA Region
   • “Israel leads the way in Northern Africa and Western Asia, gaining two ranks and excelling in various innovation indicators, including R&D expenditure and university-industry collaboration.”
   • “The UAE stabilizes close to the top 30, showcasing strengths in entrepreneurship policies and culture, policies for doing business, and private sector-funded R&D.”
   • “Türkiye maintains its position among middle-income economies, excelling in intangible assets, industrial designs, and trademark filings.”
   • “Saudi Arabia and Qatar break into the top 50 ranks, with Saudi Arabia excelling in ICT access, use, and global corporate R&D investments.”
   • “Bahrain, Oman, Jordan, and Egypt experience notable improvements in their innovation rankings.”

Science and Technology Clusters

1. Tokyo–Yokohama: Epicenter of Innovation
   • “Tokyo–Yokohama leads as the world’s largest Science and Technology cluster.”
2. China Dominates Cluster Landscape
   • “China takes the lead with the largest number of science and technology clusters globally.”

Global Innovation Tracker 2023

• Breakthrough Technologies and Societal Impact
  • “Despite economic challenges, breakthrough technologies persist, but societal impact remains low.”

Key Findings

1. Middle-Income Economies Rising
   • “A group of middle-income economies emerges as the fastest climbers in the past decade.”
2. Venture Capital Challenges
   • “Global venture capital funding faces uncertainty, marked by a significant plunge last year.”
3. Innovation Resilience
   • “Globally, innovation activity remains robust, signaling a shift from quantity to quality.”

About the Global Innovation Index

Now in its 16th edition, the Global Innovation Index is a leading reference for measuring an economy’s innovation ecosystem performance. Published annually, it is also a valuable benchmarking tool used by policymakers, business leaders, and other stakeholders to assess progress in innovation over time.

🚀 Join the conversation: #GlobalInnovationIndex