The Global Innovation Index (GII) recognizes the key role of innovation as a driver of economic growth and prosperity and acknowledges the need for a broad horizontal vision of innovation that is applicable to both developed and emerging economies, with the inclusion of indicators that go beyond the traditional measures of innovation (such as the level of research and development in a given country). The GII has evolved into a valuable benchmarking tool to facilitate public-private dialogue, whereby policymakers, business leaders and other stakeholders can evaluate progress on a continual basis.
The GII relies on two sub-indices, the Innovation Input Sub-Index and the Innovation Output Sub-Index, each built around pillars.
Five input pillars capture elements of the national economy that enable innovative activities: Institutions, Human capital and research, Infrastructure, Market sophistication, and Business sophistication.
Two output pillars capture actual evidence of innovation outputs: Knowledge and technology outputs and Creative outputs.
Source: Global Innovation Index 2014