"The Islamic Republic of Iran makes a big leap, reaching the 53rd position; it takes 3rd position among the lower middle-income group," the newly published report said.
"Among the middle-income group, the Islamic Republic of Iran (53rd) and Indonesia (75th) have notably improved their ranking, not only this year but also over the past decade, and join Türkiye, Viet Nam and the Philippines (59th) in having an increasingly important potential for transforming the global innovation landscape," it noted.
The GII 2022 report also mentioned: "The Islamic Republic of Iran is 2nd in the region once again, climbing to 53rd place, improving notably from the 104th place it held back in 2012 and establishing itself as a middle-income economy with the potential to transform the global innovation landscape."
"The Islamic Republic of Iran (53rd), among lower middle-income group economies, performs on innovation outputs at levels comparable to high-income European economies Latvia (41st) and Croatia (42nd)," the report added.
Iran is expected to improve its ranking in this respect because of efforts being made by the knowledge-based companies, startups, elite as well as government apparatus and industries, who try to pave the way for development based on innovation and state-of-the-art know-how.
According to the Global Innovation Index 2022, Switzerland, the United States, Sweden, Britain and the Netherlands are the most innovative economies in the world, and China is on the verge of entering top 10 innovative nations club. Other emerging economies such as India and Turkey, which have been ranked for the first time among top 40 innovative states, have shown powerful performance in this regard.
The GII 2022 report also shows that despite the fact that the outbreak of COVID-19 pandemic in 2021, the investments in development of innovative activities were still increasing.
The best international companies in terms of spending for research and development, which increased R&D investments nearly 10 percent, allocated totally more than 900 billion dollars in 2021. The most sectors of investments were identified as hardware, information technology, telecommunications and electronic equipment; software, information technology and telecommunications services; pharmaceutical industry and biotechnology; and housing and industrial metals.
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