Morocco seems to be falling back in the area of innovation. This is reflected in the new Bloomberg Innovation Index 2020 ranking. For the second year in a row, the Kingdom is no longer in the ranking, whereas it was part of the ranking of the 50 most innovative economies a few years ago. The new ranking, extended to 60 countries, includes for the first time 4 economies: Algeria (which occupies the 49th position); Egypt; Kazakhstan and Macao. The ranking is based on 7 parameters, including R&D spending, manufacturing capacity and the concentration of high-tech public companies.
The agency specializing in financial markets and economic and financial information rates countries on a scale of 0 to 100 in seven criteria. “Nations that did not report data for at least six categories have been eliminated, reducing the total list to 105,” said Bloomberg, who then publishes the top 60 on the list.
Globally, Germany is considered the most innovative country, followed by South Korea, which is falling by one place. Singapore gains three places and climbs to the podium, while Switzerland, Sweden, Israel, Finland, Denmark, the United States and France complete the Top 10.