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Bloomberg (US) ranks Belgium among most innovative regions

Every year, financial, software, data and media company Bloomberg ranks the most innovative countries in the world in its Innovation Index. Belgium – with Flanders as its northern region – takes 13th place in the 2018 edition.

Life Science lab

The annual Bloomberg Innovation index rates countries according to six criteria: R&D, research workforce, high tech, manufacturing, education and patents.

Moving up the innovation ladder

Overall, Belgium (and Flanders) ranks 13th, moving up one place compared to last year. This is mainly due to the country’s high level of patent activity and large number of high-tech companies: zooming in on these two criteria, Belgium ranks 9th. The country also performs very well in terms of manufacturing, for which it occupies 10th place.

Large R&D investment efforts

Flanders’ success in innovation does not come out of the blue. The region invests 2.7% of its gross national product into R&D efforts, well above the European average of 1.94%. The chemical, pharmaceutical and ICT industries particularly benefit from this investment in research and development.

About Belgium and Flanders

With Dutch as its official language, Flanders (Dutch: Vlaanderen) is the northern region of Belgium. The capital of both Belgium and Flanders is Brussels.

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Reported by
15 February 2019

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