The 2018 Global Innovation Index report released on Tuesday ranks Rwanda on the second position among 15 low-income economies of the world.
Rwanda (99th globally) is preceded by Tanzania which is ranked on 92nd globally Position while Senegal comes on 3rd Position in the category of low income countries.
Every year, the Global Innovation Index ranks the innovation performance of nearly 130 economies around the world.
On Global scale the Global Innovation Index 2018 keeps Switzerland in the No. 1 spot, followed by the Netherlands, Sweden, the UK and Singapore.
The US fell from fourth place last year to sixth this year, while China jumped from 22nd to 17th in the rankings.
Sub-Saharan Africa (24 economies)
For several editions, the GII has noted that Sub-Saharan Africa performs relatively well on innovation.
Since 2012 the region has had more countries among the group of innovation achievers than any other region.
The report noted that “It will be important for Africa to preserve its current innovation momentum.”
As last year, this year South Africa takes the top spot among all economies in the region (58th), followed by Mauritius (75th), Kenya (78th), Botswana (91st), the United Republic of Tanzania (92nd), Namibia (93rd), Rwanda (99th), and Senegal (100th).
Among these, Kenya, the United Republic of Tanzania, and Namibia improve their GII ranking compared to 2017, while Rwanda and Senegal remain stable and the other three economies (South Africa, Mauritius, and Botswana) lose positions.
Ten best-ranked economies by income group (rank)
In total there are 15 Low-income economies.
Among them Rwanda is the second after Tanzania which is ranked globally on 92nd Position while Senegal comes on 3rd Position among low income countries.
Other countries are Uganda, Madagascal, Nepal, Mali, Zimbabwe, Malawi and Mozambique as ranked in their respective order.
A strong consistency is also evident among low-income countries, with eight out of 10 economies remaining in the top 10 in this group.
The United Republic of Tanzania remains the top-ranked low-income country (92nd), gaining four positions from last year. Following in the ranking of low-income countries are Rwanda (99th); Senegal (100th); Uganda (103rd); Madagascar (106th); Nepal (108th); Mali (112th), which takes the spot left by Ethiopia, which is not included in the GII this year; Zimbabwe (113th), which takes the place of Benin (121st); Malawi (114th); and Mozambique (115th).
Ranking well across all main indices of the GII, the United Republic of Tanzania, Senegal, Uganda, Nepal, Malawi, and Mozambique are among the top 10 low-income countries.
All economies in the low-income top 10, except Rwanda, are in the low-income top 10 in the Innovation Efficiency Ratio.
Now in its 11th edition, the index ranks 126 economies based on 80 indicators ranging from the creation of mobile applications to education spending, scientific and technical publications, and intellectual property filing rates.
The index is sponsored by the WIPO, Cornell University’s SC Johnson College of Business and INSEAD, the graduate school of business with campuses in France, Singapore and Abu Dhabi.