TIRANA, Sept. 21 – Albania improved its ranking in effective innovation policies for development by 7 places to 87th, but yet lagging behind its regional competitors, according to the 2015 Global Innovation Index.
The report published by U.S-based Cornell University, the INSEAD business school, and the World Intellectual Property Organization, ranked Albania 87th out of 141 countries in 2015 compared to 94th in 2014.
Albania ranked 73rd in the innovation input sub-index, 112th in the output sub-index and 129th in the innovation efficiency ratio.
Among seven pillars examined in the country report, Albania ranks best on market sophistication especially in the investment sub-pillar where it is rated the world’s third because of the ease of protecting investors.
Albania’s next best ranking is in the institutions and infrastructure pillars with the business environment ranking the country 56th and the information and communication technologies 74th.
Albania lags rather behind on human capital and research ranking 101st on poor research and development. Business sophistication ranks Albania even worse 118th on poor knowledge workers and innovation linkages but moderate knowledge absorption.
Albania ranks 114th on creative outputs and 81th on online creativity which includes top-level domains, Wikipedia edits and video uploads.
The report describes Albania as an upper-middle income country with a GDP per capita of $9,903 in purchasing power parity and a population of 3.2 million.
The Global Innovation Index 2015 covers 141 economies around the world and uses 79 indicators across a range of themes.
