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This report presents the 2024 edition of the Innovation Output Indicator (IOI), a composite indicator published by the European Commission since 2013 to offer an output-focused metric of innovation performance at the country and EU levels. The IOI measures countries’ capacity to derive economic benefits from innovation by tracking the extent to which innovative ideas reach the market, create knowledge-intensive jobs, and increase country technological capability.
It presents the latest results for the IOI composite metric and its underlying indicators for 46 countries, including European Union (EU) Member States (MSs) and selected EFTA, OECD and emerging economies. This report also includes an extension of the IOI to the regional level for the EU27.
The focus is on the EU27, however, there are also comparisons of the EU as a single entity with non-EU countries such as Switzerland, Israel, the United States, South Korea, United Kingdom and Japan (which are ahead of the EU27) and countries such as Canada, Australia, China and New Zealand. These are followed by a group of additional emerging economies which however show markedly lower performance but include also benchmarks from the Western Balkans: Serbia, Türkiye, Brazil, North Macedonia, Montenegro, Chile, and Mexico.
The performance scores for non-EU countries should be read with some caution and there are also missing indicators, e.g. for Montenegro (with missing GOOD_VA, SERV_VA and ENT), North Macedonia and Serbia (GOOD_VA and SERV_VA),
For more information, please visit the document at the source page: Tracking country innovation performance – Publications Office of the EU