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Ukraine Ranks 43rd on Global Innovation Index
Lyudmyla Kyrylyuk
Lyudmyla Kyrylyuk
Marketing Content Manager

This year Ukraine has climbed to 43rd place in the ranking of innovative countries and jumped ahead of Post Soviet countries like Russia, Moldova, and Belarus. Ukraine moved seven steps up compared to the previous year, and more than 20 positions over the past three years. We managed to grow in ratings because of rising in infrastructure, market and business sophistication, technology and creative outputs fields. Important to mention that the international rating agency Moody’s has changed its forecast for the Ukrainian banking system from stable to positive. Earlier, S&P agency decided to upgrade Ukrainian long-term rating.

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The ranking of innovative countries consists of a number of indicators. According to the results of the assessment of these indicators, Ukraine received the index of 38.52 (previous result – 37.6).

In 2017 Ukraine has entered the TOP-50 innovative countries of the world by going up from 56th to 50th in the Global Innovation Index rating.

Global Innovation Index – a project based on preliminary calculations, including newly available data and recent studies in the field of measuring innovation. GII is based on key positions that provide innovative activities in every country: infrastructure, human capital and research, market and business complexity.