Barely 70 years old and with a population of just 8.5 million, the Jewish state ranks up there with world powers, edging out the US in innovation.
U.S. News and World Report has ranked Israel the eighth most powerful nation in the world. And Bloomberg News reports that the Jewish state is the 10th most innovative worldwide, edging out the United States, which fell in Bloomberg’s survey to 11th place this year.
The two lists with similar placements for Israel were compiled in very different ways. U.S. News partnered with the BAV Group and the Wharton School of the University of Pennsylvania to survey 21,000 people from four regions of the world. Participants were asked to associate 80 countries with specific attributes, such as how “economically” and “politically influential” a country was.
Bloomberg, on the other hand, compiled its list by running its own analysis of 200 countries, looking at economic factors such as research and development, spending, and the concentration of public high-tech companies. Bloomberg narrowed the 200 countries down to a top 50 list, which was topped (for the third year in a row) by South Korea, was followed by Sweden, Singapore, Germany, Switzerland, Japan, Finland, Denmark and France.
The placement of the US outside the top 10 – last year it placed ninth – was due to a slump in the post-secondary education-efficiency category, Bloomberg said. That includes the share of new science and engineering graduates in the labor force.
Over at U.S. News, the United States placed first for power and No. 8 in terms of “best countries” overall. Israel, despite its showing as a power player in the same survey, only came in 30th.
Israel achieved first place in the U.S. News “researcher concentration category” – that is, the number of professionals, including post-graduate PhD students engaged in R&D per million in the country. Israel trailed only South Korea in the “R&D intensity” category, which looks at R&D expenditure as a percentage of gross domestic product. And Israel placed fifth in “high-tech density,” referring to the number of domestically domiciled high-tech public companies.
Israel achieved another high rank on the World Economic Forum’s (WEF) Innovation Index, coming in second place for 2017. It was also in 16th place in the WEF’s “global competitiveness” report. The latter was an 8-point bump from 2016, putting Israel in the top 20 for the first time ever.