Malacanang said it is elated over the country?s ranking in the latest Global Innovation Index (GII), which saw the Philippines leapfrogging by 17 notches to 83rd from last year?s 100th.
This is the country?s best performance so far in the last five years in the GII, which is conducted by the World Intellectual Property Organization (WIPO).
The index ranked Switzerland, the United Kingdom, Sweden, the Netherlands and the United States as the world?s five most innovative nations, while China, Malaysia, Vietnam, India, Jordan, Kenya, and Uganda are among a group of countries outperforming their economic peers.
“We welcome the positive news that the Philippines has moved up 17 notches in the 2015 Global Innovation Index (GII),” Presidential spokesman Edwin Lacierda said in a radio interview on Saturday, Sept. 19, over dzRB Radyo ng Bayan.
“With our score rising from 29.87 last year to 31.05, we now rank as the 83rd most innovative economy among the 141 economies surveyed.”
The country?s standing in the GII was not consistent since 2011, according to the data from the National Competitiveness Council (NCC). It fared poorly last year, when its ranking fell to 100th from 90th the previous year.
The new ranking makes the country the fifth most improved among the 144 economies evaluated, according to the business sector.
The Philippines moved up in the business-sophistication pillar, which refers to how sophisticated the business community adopts technology.
This year?s GII considered two main indices ? the Innovation Input Sub-index and the Output Subindex, both of which are composed of input and output pillars.
The two indices reflect the regulations the economy has in enabling innovation, and the actual evidence of innovation, respectively.
The 2015 GII ranked the innovation performance of 144 economies. It is co-published by Cornell University and World Intellectual Property Organization and the graduate business school INSEAD.