Montenegro: Innovation index

The latest value from 2023 is 27.8 points, a decline from 30.3 points in 2022. In comparison, the world average is 33.17 points, based on data from 126 countries. Historically, the average for Montenegro from 2012 to 2023 is 36.49 points. The minimum value, 27.8 points, was reached in 2023 while the maximum of 41.2 points was recorded in 2015. See the global rankings for that indicator or use the country comparator to compare trends over time.

The Global Innovation Index capture elements of the national economy that enable innovative activities: (1) Institutions, (2) Human capital and research, (3) Infrastructure, (4) Market sophistication, and (5) Business sophistication. Two output pillars capture actual evidence of innovation outputs: (6) Knowledge and technology outputs and (7) Creative outputs.

Definition: The Global Innovation Index includes two sub-indices: the Innovation Input Sub-Index and the Innovation Output Sub-Index. The first sub-index is based on five pillars: Institutions, Human capital and research, Infrastructure, Market sophistication, and Business sophistication. The second sub-index is based on two pillars: Knowledge and technology outputs and Creative outputs. Each pillar is divided into sub-pillars and each sub-pillar is composed of individual indicators. The full report, data, and documentation are available at global innovation index.