Business News

Malta among top five countries with highest innovation performance in the EU

25th June 2020

The European innovation scoreboard issued a comparative analysis of innovation performance across member states.

The 2020 edition of the European innovation scoreboard, under the remit of the European Commission, has shown a steady increase in the innovation performance of member states across the bloc.

On average, the innovation performance of the EU has increased by 8.9 per cent since 2012. Additionally, performance increased in 24 EU countries since 2012, with the biggest increases recorded in Lithuania, Malta, Latvia, Portugal and Greece.

Sweden continues to be the EU innovation leader, followed by Finland, Denmark and the Netherlands.

Noticeably absent from this year’s scoreboard is the United Kingdom since its withdrawal from the EU, which the “has had a small impact on the EU’s average innovation performance, but the relative performance of EU countries in relation to EU’s global performance remains unaffected.”

Globally, the scoreboard shows the EU has surpassed the United States for the second time, and continues to have a performance lead over China, Brazil, Russia, South Africa, and India.

The European innovation scoreboard provides a comparative analysis of innovation performance in EU countries, other European countries, and regional neighbours, and assesses relative strengths and weaknesses of national innovation systems, while helping countries identify areas they need to address.