Bloomberg publishes a Global Innovation Quotient every year, which examines more than 200 countries and sovereign regions to determine their innovation quotient. Innovation was measured by seven factors, including R&D intensity, productivity, high-tech density, researcher concentration, manufacturing capability, education levels and patent activity. Bloomberg used World Bank, World Intellectual Property Organization, Conference Board, OECD and UNESCO data to derive their quotient.
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.