Sultanate performs best in indicators of human capital and research and is No 1 in the criteria of graduates in science and engineering.
Oman has fallen by four places to 84th rank among 131 economies featured in the Global Innovation Index (GII) 2020.
Switzerland, Sweden, US, UK and Netherlands lead the innovation ranking, followed by Denmark, Finland, Singapore, Germany and Republic of Korea making the top ten.
GII ranks world economies according to their innovation capabilities. Consisting of roughly 80 indicators, grouped into innovation inputs and outputs, the GII aims to capture the multi-dimensional facets of innovation.
The rankings of Oman over the past three years has fallen, from 69 in 2018 to 80 in 2019 and 84 in 2020.
Oman performs better in innovation inputs than innovation outputs in 2020, although this year the sultanate ranks 68th in innovation inputs, lower than last year and lower compared to 2018. As for innovation outputs, Oman ranks 109th. This position is lower than last year and lower compared to 2018.
Compared to other economies in Northern Africa and Western Asia, Oman performs above average in three out of the seven GII criteria – Institutions, Human capital and research, and Infrastructure – and below average in four of the remaining – Market sophistication, Business sophistication, Knowledge and technology outputs, and Creative outputs.
Oman performs best in Human capital and research and its weakest performance is in Knowledge and technology outputs.
The sultanate does exceptionally well in education and is ranked 24th.
It is number one in Graduates in science and engineering, 12th in Tertiary education, 36th for Pupil-teacher ratio (secondary school) and 37th for ICT access.
On the business front, Oman is ranked 30th in Ease of starting a business, General infrastructure – 29th, State of cluster development – 27th, and FDI net inflows (per cent GDP) – 24th.
The GII is co-published by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO), a specialized agency of the United Nations. In 2020, the GII presents its 13th edition devoted to the theme ‘Who Will Finance Innovation?’
“The rapid, worldwide spread of the coronavirus requires fresh thinking to ensure a shared victory over this quintessential global challenge,” said Francis Gurry, director general of WIPO.
“Even as we all grapple with the immediate human and economic effects of the COVID-19 pandemic, governments need to ensure that rescue packages are future oriented and support the individuals, research institutes, companies and others with innovative and collaborative new ideas for the post-COVID era. Innovations equal solutions.”