Singapore amongst the world's most innovative economies

It ranked 6th in the 2017 Bloomberg Innovation Index.

The city-state is the 6th most innovative economy in the world and the second in Asia.

According to the 2017 Bloomberg Innovation Index, Singapore managed to grab Japan's spot as the second most innovative economy after the latter fell from 4th to 7th spot.

South Korea remained the big winner, topping the international charts in R&D intensity, value-added manufacturing and patent activity and with top-five rankings in high-tech density, higher education and researcher concentration. Scant progress in improving its productivity score — now No. 32 in the world — helps explain why South Korea’s lead narrowed in the past year.

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