Technology
12 Years of the World’s Top 10 Most Innovative Countries
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12 Years of the World’s Top 10 Most Innovative Countries
Every year, the UN’s World Intellectual Property Organization (WIPO) scores countries on how innovative their economies are with the Global Innovation Index.
The Index scores countries on indicators of a strong innovation economy. These include R&D spend, general market strength, patent systems and output, and local labor capital. And though a few countries consistently rank high, others are moving in and out of the top 10 rankings.
This graphic from Gilbert Fontana details the top 10 most innovative countries in the UN’s WIPO Global Innovation Index from 2011-2022.
Top 10 Innovative Countries (2011–2022)
Over the last 12 years, Switzerland has ranked at the top of the innovation index on the strength of its IP laws and local economic strength.
But much of the remaining top 10 have been in flux:
| Most Innovative Country Rank by Year | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Switzerland | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Sweden | 2 | 2 | 2 | 3 | 3 | 2 | 2 | 3 | 2 | 2 | 2 | 3 |
| Singapore | 3 | 3 | 8 | 7 | 7 | 6 | 7 | 5 | 8 | 8 | 8 | 7 |
| Hong Kong | 4 | 8 | 7 | 10 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Finland | 5 | 4 | 6 | 4 | 6 | 5 | 8 | 7 | 6 | 7 | 7 | 9 |
| Denmark | 6 | 7 | 9 | 8 | 10 | 8 | 6 | 8 | 7 | 6 | 9 | 10 |
| U.S. | 7 | 10 | 5 | 6 | 5 | 4 | 4 | 6 | 3 | 3 | 3 | 2 |
| Canada | 8 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Netherlands | 9 | 6 | 4 | 5 | 4 | 9 | 3 | 2 | 4 | 5 | 6 | 5 |
| UK | 10 | 5 | 3 | 2 | 2 | 3 | 5 | 4 | 5 | 4 | 4 | 4 |
| Ireland | n/a | 9 | 10 | n/a | 8 | 7 | 10 | 10 | n/a | n/a | n/a | n/a |
| Luxembourg | n/a | n/a | n/a | 9 | 9 | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Germany | n/a | n/a | n/a | n/a | n/a | 10 | 9 | 9 | 9 | 9 | 10 | 8 |
| Israel | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 10 | n/a | n/a | n/a |
| South Korea | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 10 | 5 | 6 |
In addition to Switzerland, seven other countries have been in the top 10 in each year, including Sweden, Singapore, and the United States.
Others have dropped out of the top 10, such as Canada in 2012 and Ireland in 2018. But that let up-and-comers like South Korea and Germany grab one of the top 10 spots. In total, 14 countries have ranked in the top 10 most innovative countries in the world over the time period covered in the visualization.
This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.
Technology
All of the Grants Given by the U.S. CHIPS Act
Intel, TSMC, and more have received billions in subsidies from the U.S. CHIPS Act in 2024.
All of the Grants Given by the U.S. CHIPS Act
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
This visualization shows which companies are receiving grants from the U.S. CHIPS Act, as of April 25, 2024. The CHIPS Act is a federal statute signed into law by President Joe Biden that authorizes $280 billion in new funding to boost domestic research and manufacturing of semiconductors.
The grant amounts visualized in this graphic are intended to accelerate the production of semiconductor fabrication plants (fabs) across the United States.
Data and Company Highlights
The figures we used to create this graphic were collected from a variety of public news sources. The Semiconductor Industry Association (SIA) also maintains a tracker for CHIPS Act recipients, though at the time of writing it does not have the latest details for Micron.
| Company | Federal Grant Amount | Anticipated Investment From Company |
|---|---|---|
| 🇺🇸 Intel | $8,500,000,000 | $100,000,000,000 |
| 🇹🇼 TSMC | $6,600,000,000 | $65,000,000,000 |
| 🇰🇷 Samsung | $6,400,000,000 | $45,000,000,000 |
| 🇺🇸 Micron | $6,100,000,000 | $50,000,000,000 |
| 🇺🇸 GlobalFoundries | $1,500,000,000 | $12,000,000,000 |
| 🇺🇸 Microchip | $162,000,000 | N/A |
| 🇬🇧 BAE Systems | $35,000,000 | N/A |
BAE Systems was not included in the graphic due to size limitations
Intel’s Massive Plans
Intel is receiving the largest share of the pie, with $8.5 billion in grants (plus an additional $11 billion in government loans). This grant accounts for 22% of the CHIPS Act’s total subsidies for chip production.
From Intel’s side, the company is expected to invest $100 billion to construct new fabs in Arizona and Ohio, while modernizing and/or expanding existing fabs in Oregon and New Mexico. Intel could also claim another $25 billion in credits through the U.S. Treasury Department’s Investment Tax Credit.
TSMC Expands its U.S. Presence
TSMC, the world’s largest semiconductor foundry company, is receiving a hefty $6.6 billion to construct a new chip plant with three fabs in Arizona. The Taiwanese chipmaker is expected to invest $65 billion into the project.
The plant’s first fab will be up and running in the first half of 2025, leveraging 4 nm (nanometer) technology. According to TrendForce, the other fabs will produce chips on more advanced 3 nm and 2 nm processes.
The Latest Grant Goes to Micron
Micron, the only U.S.-based manufacturer of memory chips, is set to receive $6.1 billion in grants to support its plans of investing $50 billion through 2030. This investment will be used to construct new fabs in Idaho and New York.
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