The European Commission has just launched the Innovation Union Scoreboard 2011. The IUS includes innovation indicators and trend analyses for the EU27 Member States, as well as for Croatia, Iceland, the Former Yugoslav Republic of Macedonia, Norway, Serbia, Switzerland and Turkey.
Almost all Member States have improved their innovation performance according to the IUS 2011. However, innovation performance growth is slowing down and the EU is not closing the persistent gap with global innovation leaders US, Japan and South Korea. The largest gap for the EU27 remains in terms of private sector innovation. The EU still maintains a clear lead over the emerging economies of China, Brazil, India, Russia, and South Africa. However, China is improving its innovation performance and is catching up progressively. Within the EU, Sweden confirms its position at the top of the overall ranking, followed closely by Denmark, Germany and Finland. Firms’ innovation activities stand out as an important factor to achieve top positions at EU and international level.
Read the full report here.