A voice for newcomers in Sweden

Sweden slips in innovative countries ranking

The harbour in Malmö, Sweden's third city and home to many tech companies. Photo: Aline Lessner/imagebank.sweden.se

Published: 23.Jan.2019 08:59 hrs

Sweden has fallen five places in a prestigious ranking of the world's most innovative countries.

After last year being ranked the second most innovative country worldwide by the Bloomberg index, the Scandinavian nation has dropped to seventh place in the 2019 edition.

To create the index, Bloomberg measures factors across seven criteria: research and development spending, manufacturing capability, concentration of high-tech public companies, patent activity, research personnel concentration, tertiary education, and productivity.

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