Singapore ranked 6th among the world’s most innovative economies

According to the 2017 Bloomberg Innovation Index released on Tuesday (Jan 17), Singapore is the 6th most innovative economy in the world.

Singapore ranked first in the world for tertiary efficiency, 5th for manufacturing value added and came in 6th for researcher concentration (defined by the number of professionals, including postgraduate PhD students, engaged in R&D per million population). The other categories all saw Singapore placed among the top 20 — coming in 14th for R&D intensity, 12th for productivity, 17th for high-tech density, and 12th for patent activity.