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BANDAR SERI BEGAWAN, Oct. 2 (Xinhua) — Brunei Darussalam jumped five places from 92nd to 87th out of 132 economies in the Global Innovation Index (GII) 2023 recently published by the World Intellectual Property Organization (WIPO).
According to the local daily Borneo Bulletin on Monday, the Sultanate ranked 49th out of 50 high-income economies and 14th out of 16 economies in Southeast Asia, East Asia and Oceania.
The Sultanate’s ranks in GII’s seven areas are high in institutions (20th), infrastructure (54th), human capital and research (57th) and business sophistication (80th) while low in creative outputs (127th), knowledge and technology outputs (126th) and market sophistication (105th).
The GII 2023 uses 80 indicators to track global innovation trends in more than 130 economies, aimed at providing guidance to policymakers and business leaders on stimulating human ingenuity.
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