The 2020 edition of the EU innovation scoreboard has already been released. It highlights that the EU’s innovation performance continues to increase at a steady pace, with an increase of 8.9% since 2012. Sweden is top ranking the EU innovation, followed by Finland, Denmark and the Netherlands.
Spain is highlighted as one of the three countries that most advances in innovation in 2019: the report places Spain in 14th place in the EU (a total of 27 Member States), gaining five positions in the innovation ranking compared to the previous year. However, Spain is still classified into the group of countries considered “moderately innovative”.
The strongest innovation indexes for Spain are: Human resources (specially on New doctorate graduates and Population with tertiary education), Innovation-friendly environment and Employment impacts. Also scores high on Sales of new-to-market and new-to-firm product innovations.
However, Spain scores low in R&D expenditures in the business sector, especially innovation in the SMEs. PCT Patents, R&D expenditure in the Public sector and collaborations between private and public institutions are scoring low too and need to be improved in the coming years.
The full report on Spain can be downloaded here.