Blogs & Comment

Innovation in Canada Scores Higher

Canadian Business Magazine comes out today with its second proprietary ranking of innovation for 25 of the world’s largest national economies. The ranking takes 47 data items sorted into four categories that relate to innovation from the 2008 edition of the IMD World Competitiveness Yearbook.The good news, Canada rose from 7th to 5th position. The only other country that registered a like increase was the United States which went from 6th to 4th. The only area that dropped for Canada was business efficiency which declined to 11th place from 10th. Economic performance went from 21st to 20th; government efficiency rose four ranks to 5th; and infrastructure was up two places to 5th. Below is the entire list.

Rank Rank Rank Rank Rank Change
Business Economics Government Infrastructure Overall from 2008
Switzerland 4 5 4 1 1 1
Denmark 1 2 3 3 2 -1
Sweden 3 15 5 2 3 1
United States 2 14 10 4 4 2
Canada 11 20 5 5 5 2
Finland 9 4 7 6 6 -1
Austria 7 7 8 7 7 -4
Norway 6 9 8 9 8 1
Ireland 5 6 1 16 9 1
Australia 10 13 2 13 10 1
Netherlands 8 22 11 8 11 -3
Germany 14 11 16 10 12 1
Japan 17 17 15 14 13 1
Belgium 13 21 20 11 14 1
United Kingdom 20 18 17 15 15 1
France 18 24 21 12 16 1
Korea 18 25 22 17 17 -5
India 15 1 14 20 18 1
China 23 10 13 19 19 -1
Turkey 16 3 11 22 20 0
Spain 21 16 19 21 21 0
Italy 21 23 25 18 22 1
Brazil 12 8 23 24 23 1
Russia 24 19 18 23 24 -2
Mexico 25 12 24 25 25 0

On the overall IMD ranking which covers 55 countries and 331 criteria, Canada rose two ranks to 8th from 10th in the 2007 publication.