The Bloomberg Innovation Quotient is a ranking of the world's most innovative countries published every year, examining 215 countries and sovereign regions to determine their overall ability to innovate. Innovation was measured by seven factors, including R&D intensity, productivity, high-tech density, researcher concentration, manufacturing capability, education levels and patent activity.
Productivity (20%): GDP per employed individual, per work hour .
High-tech density (20%): High-tech public companies as percentage of publicly listed companies.
Researcher concentration (20%): R&D researchers per million people.
Manufacturing capability (10%): Manufacturing value-added as percentage of GDP; products with high R&D intensity as a percentage of manufactured exports.
Tertiary efficiency (5%): Enrollment ratio for post-secondary students; tertiary graduation ratio of students majoring in sci-tech subjects ; new graduates and tertiary-degree holders as percentages of workforce.
Patent activity (5%): Resident patent filings per million population and per $ million R&D expenditures.