The Global Innovation Index ranks every country out of 100 based on its performance in a wide of range of subcategories, including institutions; human capital and research; infrastructure; investment; business sophistication; knowledge and technology outputs; and creative outputs.
Switzerland is ranked the most innovative nation on earth, followed by the United Kingdom and then Sweden. The United States is ranked sixth in the world. Barbados is the highest ranked Caribbean nation at 41st, while Chile is the leading Latin American nation at 46th. The least innovative countries in LAC include Nicaragua, Honduras, El Salvador and Guatemala from Central America, plus several of South America’s least dynamic economies: Venezuela, Ecuador, Bolivia and Paraguay.