Finland among world's five most innovative economies

The country climbed two spots to fifth in the annual index with its total score of 83.26 – no more than 0.72 points behind second-place Sweden – largely because of an increase in the number of high technology companies. The Bloomberg Innovation Index ranks economies based on factors ranging from patent activity, researcher concentration, and research and development spending to high technology density and productivity. Finland ranked in the top five in researcher concentration (3rd), research and development intensity (4th), patent activity (5th) and tertiary efficiency (5th), but well outside the top ten in high technology density (15th) and productivity (20th). (Helsinki Times)



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