The Bloomberg Rankings examined more than 200 countries and sovereign regions to determine how innovative they were, and based on the examinations it has published its list of top 50 countries. The number one country by innovation was USA, second South Korea and third Germany.
Bloomberg measured innovation by seven factors, including research and development intensity, productivity, high-tech density, researcher concentration, manufacturing capability, education levels and patent activity. Each country was ranked on a scale of 0 to 100 percent.
In these rankings Finland was place as a number one country based on researcher concentration and second by its research and intensity. It was third when measured by tertiary efficiency, 11th on high-tech density and 14th on productivity