Bulgaria Remains 'Close to High-Income Countries' in Global Innovation Index 2016

Bulgaria Remains 'Close to High-Income Countries' in Global Innovation Index 2016

Middle-income Bulgaria ranks 38th among 128 countries in this year’s edition of the Global Innovation Index (GII), remaining still close to top high-income groups.
Switzerland leads the rankings for the sixth consecutive year, according to the GII report. Yet among the top-ranked 25 innovation nations this year there are not only economies from Northern America and Europe but also from South East Asia, East Asia, and Oceania (such as Australia, Japan, Korea, and Singapore) and Western Asia (Israel).
“A symbolic first step in closing the divide between developed and developing countries has also been made: China is the first middle-income economy to join the top 25 of the GII, a group typically composed of high-income countries,” the report reads.
With China among the top 25, Malaysia (at 35th place) is the closest middle-income economy to China in terms of its ranking, yet the distance between them has widened.
“Bulgaria, at 38th place, is the second middle-income economy in line. Indeed, Malaysia and Bulgaria show similar or higher pillar scores than those of the high-income economies group that are not in the top 25, especially in the Business sophistication and Knowledge and technology outputs pillars,” the report reads.

Sofia News Agency

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