Indonesia's Global Innovation Index Increased Forward

JAKARTA: The World Intellectual Property Organization (WIPO) recently released the Global Innovation Index (GII) 2024. This index ranks countries based on their innovation input and output, evaluated using 80 distinct indicators. According to the 2024 GII, Switzerland remains the most innovative country in the world, followed by Sweden in second place, while the United States takes the third spot. In the ASEAN region, Singapore shines as the only nation to secure a position in the top five globally. The GII serves as a critical benchmark since innovation drives economic growth, with intellectual property (IP) acting as a cornerstone in the innovation ecosystem.

Where does Indonesia stand in the 2024 GII? Remarkable progress has been made by Indonesia, which jumped to 54th place among 133 countries, a significant leap from its 61st position in 2023—an impressive climb of seven ranks in just one year. Despite this advancement, Indonesia's ranking still trails behind several other ASEAN nations, including the Philippines (53rd), Vietnam (44th), Thailand (41st), Malaysia (33rd), and Singapore (4th), which maintains its status as the most innovative country in Southeast Asia.

The GII report highlights that both Indonesia and the Philippines have consistently improved their rankings, with both nations now in the top 55 globally. The Philippines ranked 3rd in the lower-middle-income group, while Indonesia entered the top 60, emerging as the Southeast Asian, East Asian, and Oceanian economy with the most significant ranking improvement in 2024. Additionally, Indonesia has shown notable growth in policy stability for business operations and in intellectual property indicators such as industrial design, trademarks, and international patents. However, these improvements remain at a moderate level.

The GII is an annual ranking that evaluates innovation performance across 80 indicators, including institutions, human capital and research, infrastructure, credit and investment, knowledge creation, knowledge absorption, and knowledge dissemination. Innovation, as measured by the GII, underscores the critical role of intellectual property and creative outputs in shaping the global economy. Indonesia’s steady rise is a promising sign of its potential in this competitive landscape. (SMN/BDP-su)