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12 Years of the World’s Top 10 Most Innovative Countries

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Tracking the top 10 most innovative countries since 2011

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
201120122013201420152016201720182019202020212022
Switzerland111111111111
Sweden222332232223
Singapore338776758887
Hong Kong48710n/an/an/an/an/an/an/an/a
Finland546465876779
Denmark67981086876910
U.S.7105654463332
Canada8n/an/an/an/an/an/an/an/an/an/an/a
Netherlands964549324565
UK1053223545444
Irelandn/a910n/a871010n/an/an/an/a
Luxembourgn/an/an/a99n/an/an/an/an/an/an/a
Germanyn/an/an/an/an/a109999108
Israeln/an/an/an/an/an/an/an/a10n/an/an/a
South Korean/an/an/an/an/an/an/an/an/a1056

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.

To learn more about the 2022 innovation rankings and how countries around the world ranked, check out The Most Innovative Countries in the World 2022.
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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.

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Technology

Chart: The Price of Entertainment Subscription Services

From Netflix to Google Play Pass, we compare the cost of subscription services across a range of entertainment platforms.

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This bar chart shows the price of entertainment subscription services per month.

The Price of Entertainment Subscription Services

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.

Subscription models have become ubiquitous in the entertainment sector, providing a recurring stream of revenue to a host of platforms.

While inattentive customers using subscription models can increase revenue by as much as 200%, many entertainment platforms struggle to make a profit. In fact, Netflix and Disney are the only two profitable streaming services in the market.

This graphic shows the cost of entertainment subscription services, based on data compiled by Goldman Sachs Global Investment Research and the providers of entertainment subscriptions.

Comparing Monthly Entertainment Subscription Costs

Here are the monthly subscription cost of various entertainment platforms as of April 2024:

SubscriptionMonthly Price (USD)Category
Spotify$10.99Music
YouTube Music$10.99Music
Apple Music$10.99Music
Audible$15.00Books
Scribd$11.99Books
Kindle Unlimited$11.99Books
Netflix$15.49Video
Sling TV$40.00Video
Disney+$13.99Video
Hulu+$17.99Video
Paramount+$11.99Video
Apple TV+$9.99Video
HBO Max$15.99Video
Amazon Prime Video$11.98Video
YouTube Premium$13.99Video
Apple Arcade$6.99Gaming
Google Play Pass$4.99Gaming
Xbox Game Pass Ultimate$16.99Gaming
Playstation Plus Premium$17.99Gaming
Nintendo Switch Online$3.99Gaming
NY Times (Digital)$4.00/month first six months,
$25 thereafter
News
Apple News+$12.99News
Wall Street Journal Digital$19.49/month first six months,
$38.99 thereafter
News

Prices represent standard individual plans with no ads excluding promotional periods/prices less than two months. YouTube Premium Video subscription includes YouTube Music which can be purchased seperately.

As we can see, the price of major music subscription services remains lower than many other forms of entertainment—with standard subscriptions costing 35% lower than Netflix in America.

Since late 2022, several music streaming platforms including Spotify, Apple, and YouTube, have increased their subscription price, marking the first increase in more than 10 years. In June, Spotify raised its price again, charging $11.99 per month for an individual plan.

Across video platforms, Amazon Prime Video makes up the largest share of the U.S. video-on-demand market, at 22% as of Q1 2024. Netflix falls closely behind, with a 21% share. Over the last two years, Netflix’s revenue has jumped following a password-sharing crackdown, integrating ads, and slowing content expenditures.

Often, streaming services add content to replace lost customers. This is because viewers will switch to providers that offer the shows they want to watch. Due to this churn, streaming providers lose on average 35% of their customers each year. To combat this, some providers are bundling content offerings to retain their customer base, such as Disney+, Hulu, and Max or Paramount+ and Showtime.

As an outlier from the pack, Sling TV offers live TV and sports broadcasting along with on-demand movies and shows, charging $40 per month.

When it comes to news subscriptions, major outlets charge among the highest in the dataset. With a monthly subscription price of $25 after the first six months, The New York Times has 9.7 million digital-only subscribers, roughly three times as many as The Wall Street Journal. These subscriptions are the biggest source of revenue for the publication, rising by more than eightfold over the last decade.

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