In its latest innovation index, global data and media giant Bloomberg have ranked Lithuania top in the Baltics for innovation. Out of the 200 countries compared by Bloomberg’s analysts, Lithuania ranks 32nd overall. Its Baltic neighbours Estonia and Latvia were ranked in 34th and 40th respectively.
The Bloomberg Innovation Index is based on the evaluation of a range of key criteria. These include R&D efficiency, manufacturing added-value, productivity, high-tech density and researcher concentration. Bloomberg rated Lithuania in the top 10 globally for ‘tertiary efficiency’, a measure based on factors such as enrolment in higher education and the number of graduates in key innovation sectors like engineering and science.
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