Panama: Innovation index
* indicates monthly or quarterly data series
Panama |
Innovations index (0-100) |
---|---|
Latest value | 25.34 |
Year | 2023 |
Measure | points |
Data availability | 2011 - 2023 |
Average | 31.46 |
Min - Max | 25.34 - 38.30 |
Source | Cornell University, INSEAD, and the WIPO |
The latest value from 2023 is 25.34 points, a decline from 25.7 points in 2022. In comparison, the world average is 33.17 points, based on data from 126 countries. Historically, the average for Panama from 2011 to 2023 is 31.46 points. The minimum value, 25.34 points, was reached in 2023 while the maximum of 38.3 points was recorded in 2014.
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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.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Innovation index | 25.34 | 2023 | points |
Research and development expenditure | 0.18 | 2022 | percent |
Information technology exports | 17.82 | 2020 | percent |
High tech exports | 0.33 | 2022 | million U.S. dollars |
High tech exports, percent of manufactured exports | 0.23 | 2022 | percent |
Patent applications by residents | 35 | 2021 | patent applications |