Ukraine ranked 56th among Top 60 of world's innovative economies

Source : 112 Ukraine

The country lost three positions in the list; Germany, South Korea and Singapore made the top three
13:24, 20 January 2020

Open source

Ukraine remains in the Top 60 of innovative economies. It comes 56th in Bloomberg's latest edition of the respective ranking, thus, losing three ranks compared with that in last year's edition. 

For eight years in a row, the outlet has been analyzing the economy of 60 countries in Europe, Asia, North and South America, as well as some African countries.

Germany, South Korea and Singapore made the top three. Germany actually managed to beat Koreans for the first time in six years.

Switzerland and Sweden closed the top five. Israel, France and the USA entered the top ten. Russia climbed one rank higher, compared to the previous year's edition. Meanwhile, Poland lost three positions and is currently ranked 28th.

Related: Ukrainian context of economic protectionism

The ranking is based on the analysis of data on investigations and developments in the areas of services, industry, production and activity in international projects.

As we reported, Ukraine's President Volodymyr Zelensky and Prime Minister Oleksiy Honcharuk are supposed to join the World Economic Forum in Davos, Switzerland.

Related: 2020 forecast: Which economies will grow and which will fall?

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