SL ranks 85th in 2022 edition of Global Innovation Index

30 September 2022 08:02 am Views - {{hitsCtrl.values.hits}} 4 Bookmark

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Moves up 10 positions from 2021 to the position first held back in 2015
Highlighted as one of the four economies that raised performance from ‘below expectation’ to ‘matching expectation’

Sri Lanka has been successful in jumping up the ranking on the 2022 edition of the Global Innovation Index (GII), securing the 85th position in the world ranking and fifth in the regional ranking.

According to the latest report released by the World Intellectual Property Organisation (WIPO), Sri Lanka saw its innovation ranking improving by 10 positions from what it was in 2021.

The island nation is categorised under the lower middle-income group and has performed in line with the level of development with regard to innovation developments.

“Sri Lanka has gone up and down the rankings, this year reclaiming the 85th position it first held back in 2015,” highlighted the GII 2022 report.

Sri Lanka was highlighted as one of the four economies that raised its performance from ‘below expectation’ to ‘matching expectation’. The other three economies identified to improve their innovation status were Bangladesh, Ethiopia and Yemen.

Analysis of the breakdown of the ranking score showed that Sri Lanka was given a rank of 119 for its institution, 120 for human capital and research, 73 for infrastructure, 108 for market sophistication, 71 for business sophistication, 66 for knowledge and technology outputs, and 69 for creative outputs. This year’s annual ranking of the world’s economies on innovation capacity and output showed some key changes in the top 15 rankings. While Switzerland topped as the most innovative economy, the United States climbed to the second position, the Netherlands reached the fifth position, Singapore, seventh, Germany eighth, and China moved up one place to the eleventh position.

Comments - 4

BuffaloaCitizen Friday, 30 September 2022 09:32 AM

This is nothing to be proud. We are a wasted nation mainly due to foolishness of her own citizens and secondly crooked Leaders. It will take many years for the global community to have confidence in Sri Lanka and her people and policies.

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Nilmini Welivita Friday, 30 September 2022 11:37 AM

If not for scientists like Chichi we would have been right at the bottom.

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Lokka Friday, 30 September 2022 02:48 PM

If not for corrupt politicians and foolish voters we would have occupied a top place in the ranking. Look at our ancient irrigation systems, engineering marvels such as Sigiriya, the ancient cities of Anuradhapura and Polonnaruwa. We are capable of achieving higher status once corrupt politicians are eliminated and the country is ruled by a leader of vision.

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Upali Wickramasinghe Saturday, 01 October 2022 10:22 AM

We cannot go up. What has the Intellectual Property Office done other than keeping themselves in food and clothing. Sweet Nothing. Ask me. I will ellaborate.

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