19. Australia
Ranking according to World Digital Competitiveness Report: 14
Ranking based on the most innovative countries in the world: 25
Total number of patents granted in 2024: 6,354
Over half of businesses in Australia reported being innovation-active while expenditure on R&D by the Australian government exceeded $3.6 billion in 2024 – 2024.
18. Hong Kong
Ranking according to World Digital Competitiveness Report: 9
Ranking based on the most innovative countries in the world: 14
Total number of patents granted in 2024: 2,030
Hong Kong has been considered a global hub for technological advancements and has achieved particular success in the fintech industry.