Brunei Darussalam ranked 92nd in the Global Innovation Index 2022, released by World Intellectual Property Organization (WIPO). The list ranks the innovation capabilities and yearly outputs of 132 economies in the world. WIPO is one of the fifteen specialized agencies of the United Nations. Every year, the organization ranks the world economies on the Global Innovation Index (GII) to promote innovation-driven growth across the globe.
The Global Innovation Index 2022 uses 80 indicators to derive the annual ranking. These indicators are grouped into two sub-indices viz Innovation Inputs and Innovation Outputs. Brunei ranked 53 on the Innovation Inputs sub-index and 129 on the Innovation Outputs sub-index. The country slipped from its previous year’s rankings, 51 and 115, respectively, for Innovation Inputs and Innovation Outputs, when it had ranked 82nd in the Global Innovation Index 2021. The Sultanate ranks 47th out of the 48 high-income world economies and 14th out of the 17 economies in South East Asia, East Asia, and Oceania. According to WIPO’s report, the country’s performance is lower than expected for its level of development.
Brunei Darussalam needs to get more and higher-quality outputs from its costly innovation investments to improve its Innovation Input vs. Innovation Output score.
The GII 2022 ranking also considers seven pillar scores: institutions, human capital and research, market sophistication, business sophistication, knowledge and technology outputs, and creative outputs. While Brunei Darussalam scores well on the first five pillars, it needs to improve its performance in the areas of knowledge and technology outputs and creative outputs.
Read the Global Innovation Index 2022 report for Brunei Darussalam here.