Saturday, March 02
10:25 AM

Oman ranks 79th in global innovation, 13th regionally


Muscat – Oman ranks 79th among 132 economies featured in the World Intellectual Property Organization’s 2022 Global Innovation Index (GII).

The GII ranks world economies according to their innovation capabilities. Consisting of roughly 80 indicators, grouped into innovation inputs and outputs, the index aims to capture the multi-dimensional facets of innovation.

Oman performs better in innovation inputs than innovation outputs in 2022. This year, Oman ranks 62nd in innovation inputs, higher than 2021 (67) and 2020 (68), and ranks 87th in innovation outputs, higher than 2021 (90) and 2020 (109).

The sultanate ranks 46th among a group of 48 high-income economies and 13th among the 19 economies in Northern Africa and Western Asia (NAWA).

The NAWA region is led by Israel (global rank 16th), followed by Cyprus (27th), UAE (31st), Turkey (37th), Saudi Arabia (51st), Qatar (52nd), Kuwait (62nd), Morocco (67th), Bahrain (72nd) and Tunisia (73rd), making the top ten.

Oman performs best in Human Capital and Research category (40th) and its weakest performance is in Business Sophistication (97th). Based on performance in other indicators, it ranks 94th in Knowledge and Technology outputs, 80th in Creative output, 71st in Market sophistication, 57th in Institutions, and 56th in Infrastructure.

Switzerland, the United States, Sweden, the United Kingdom and the Netherlands are the world’s most-innovative economies, according to the index, with China (11th) on the threshold of the top ten. Other emerging economies are also showing consistently strong performance, including India (40th) and Turkey (37th), both of which enter the top 40 for the first time, the GII report stated.

Research and development and other investments that drive worldwide innovative activity continued to boom in 2021 despite the COVID-19 pandemic, but challenges are emerging in translating innovation investments into impact.

The GII finds that productivity growth – normally spurred by increased innovation – has in fact stagnated. It also finds that current technological progress and adoption show signs of slowing growth despite the recent flourishing of R&D expenditure and venture capital investments. However, with more careful and attentive nurturing of innovation ecosystems, a new era of innovation-driven growth led by Digital Age and Deep Science innovation waves could take off, it stated.

“This year’s GII finds that innovation is at a crossroads as we emerge from the pandemic. While innovation investments surged in 2020 and 2021, the outlook for 2022 is clouded not just by global uncertainties but continued underperformance in innovation-driven productivity,” said Daren Tang, Director General of World Intellectual Property Organization.

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