3. Republic of Korea
Ranking according to World Digital Competitiveness Report: 8
Ranking based on the most innovative countries in the world: 6
Total number of patents granted in 2024: 158,495
South Korea has been one of the best stories for underdeveloped countries to take inspiration from, improving from being an underdeveloped economies in the 1960s to a major global powerhouse in the 21st century and home to a high level of innovation to continue driving growth.
2. Switzerland
Ranking according to World Digital Competitiveness Report: 5
Ranking based on the most innovative countries in the world: 1
Total number of patents granted in 2024: 26,756
Switzerland is involved heavily in various innovative tech industries, including digital personalized health, robotics, artificial intelligence, blockchain and advanced manufacturing. Switzerland is considered to be an attractive hub for blockchain companies while developments in the robotics industry will help improve the nation’s global competitiveness.