Tehran Improves in Global Innovation Index Rankings

TEHRAN, Iran - The Islamic Republic of Iran has shown notable progress in its innovation capabilities according to the 2024 Global Innovation Index (GII) report. Released by the World Intellectual Property Organization (WIPO), the report highlights Iran's advancements in several key areas:

• Knowledge and Technology Output improved from a ranking of 55 in 2023 to 49 this year.
• Business Sophistication moved up from 117 to 110.
• Market Sophistication saw a slight rise, moving from 19 to 17.
• Infrastructure also improved, climbing from 97 to 95.

Despite these gains, Iran experienced declines in some areas: - Creative Output and Human Capital and Research saw downturns in their rankings. - Institutions dropped significantly, placing Iran at the bottom of the list for this category at 133rd.

Iran maintains its position as the second most innovative economy in the Central and Southern Asian region, behind India and ahead of Kazakhstan. Within the lower-middle-income group, Iran's ranking improved from 6th to 5th among 38 countries.

On a global scale, Iran's overall GII ranking slipped from 62nd to 64th out of 133 economies. The report also notes that Iran's innovation outputs (ranked 48) continue to outpace its innovation inputs (ranked 85).

Switzerland leads the GII 2024, followed by Sweden and the United States, maintaining its top position for the 14th consecutive year.

In specific categories, Iran leads in Market Capitalization and Trademarks by origin, and ranks highly in software spending, gross capital formation, and the number of graduates in science and engineering. However, it lags in areas like Institutions, Business Sophistication, and Infrastructure.

Tehran's status as a science and technology (S&T) cluster has also seen a slight decline, moving from the 35th to the 38th largest globally.

The GII report underscores Iran's complex innovation landscape, highlighting both significant achievements and areas requiring further development.

For more detailed insights, visit Alayaran.com.