Uruguay Digital

The 2023 edition of the Global Innovation Index reflects the latest trends with regard to innovation worldwide in an “economic environment fraught with uncertainty”. This index reveals the ranking of the most innovative technologies in the world amongst 132 countries and localizes the top 100 science and technology innovation clusters.

Uruguay is in the 63rd position worldwide and 4th in Latin America and the Caribbean, just below Brazil (49th), Chile (52nd) and Mexico (58th).  Moreover, our country together with El Salvador (95th), are the only two economies in the region improving their rank in 2023.

The 2023 GII analyzes the innovation ecosystem based on the required input and generated output. The input pillars are Institutions, Infrastructure, Human Capital and Research, Market Sophistication, Business Sophistication, Human Capital and Research. Innovation outputs are Knowledge and Technology, and Creative Outputs.

Uruguay is the regional leader in Latin America and the Caribbean in the sub-index “Institutions”, ranking in the 4th position in “Policies for doing business”, 5th in “ICT services imports”, 7th in “exports”, and 10th in “operating stability for companies”.

About the Global Innovation Index

The Global Innovation Index (GII) is prepared by the World Intellectual Property Organization (WIPO), a specialized organization under the United Nations.

The GII published annually, having issued its 16th edition in 2023, is a ranking of innovation skills and outputs in world economies.

GII Structure and Methodology

The assessment uses 80 indicators (64 quantitative, 11 composite, and 5 qualitative). This index is divided into 2 sub-indexes: the input sub-index measuring the components: institutions, human capital and research, infrastructure, market sophistication, and business sophistication. On the other hand, the output, or product sub-index, is made up of knowledge and technology production, and creative production.

Access the complete report of the 2023 Global Innovation Index.