1.Switzerland (Number 1 in 2021)

2.United States (3)

3.Sweden (2)

4.United Kingdom (4)

5.Netherlands (6)

6.Republic of Korea (5)

7.Singapore (8)

8.Germany (10)

9.Finland (7)

10.Denmark (9)

11.China (12)

12.France (11)

13.Japan (13)

14.Hong Kong, China SAR (14)

15.Canada (16)

16.Israel (15)

17.Austria (18)

18.Estonia (21)

19.Luxembourg (23)

20.Iceland (17)

The report shows that research and development (R&D) and other investments that drive worldwide innovative activity continued to boom in 2021 despite the COVID-19 pandemic, but challenges are emerging in translating innovation investments into impact.