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Singapore leaps up the rankings in Bloomberg's innovation index

Bloomberg1/21/2020 08:53 AM GMT+08  • 3 min read
Singapore leaps up the rankings in Bloomberg's innovation index
Singapore’s rise against global peers was underpinned by stronger showings in productivity and patent activity, while the city state also retained a world-beating ranking in tertiary efficiency
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SINGAPORE (Jan 21): Singapore leaped three spots to reclaim its No. 3 rank in the 2020 Bloomberg Innovation Index, while economies across Asia Pacific showed a mixed picture of progress.

After a six-year streak at the top, South Korea was unseated from its best-in-world spot by Germany -- but only just. Japan and New Zealand were among those losing ground in innovation against global peers, while Vietnam showed a big gain.

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