Your Gate to Latin American IP

Costa Rica, above average in the 2020 edition of the Global Innovation Index

By IDeas trademarks & patents - 14/09/2020

The 2020 edition of the Global Innovation Index (GII) presents the latest global innovation trends and the annual innovation ranking of 131 economies. The theme of this year's GII - Who Will Finance Innovation? - is timely given the human and global economic damage wreaked by the COVID-19 global pandemic.

Switzerland is the world’s most-innovative economy followed by Sweden, the United States of America (U.S.), the United Kingdom (U.K.) and the Netherlands, according to the GII 2020.

Latin America and the Caribbean continues to be a region with great imbalances. The region is overall characterized for its low investments in R&D and innovation, its incipient use of IP systems, and the disconnection between the public and private sectors in the prioritization of R&D and innovation. Moreover, most R&D investments are primarily public, with a low share of private sector nancing. Overall, the economic sectors of the region are not technology-intensive and the labor productivity growth remains at low levels.

The innovation performance of the region is divided into three broad groups. First, the regional leaders ranking in the top 60: Chile (54th) is the most innovative economy in the region, followed by Mexico (55th, up by 1) and Costa Rica (56th, down by 1), which swap the 2nd and 3rd top ranks of the region this year.

Jamaica joins Costa Rica as the only two innovation achievers in the region–or those that perform on innovation above expectations relative to their level of development. Costa Rica performs above average in six out of the seven GII pillars: Institutions, Human capital & research, Infrastructure, Business sophistication, Knowledge & technology outputs and Creative outputs; and below average in one of the seven GII pillars: Market sophistication. 

By IDeas trademarks & patents - 14/09/2020
Subscribe to the Newsletter

IDeas trademarks & patents

We are a one stop shop for Central America and the Caribbean Islands.

The privileged positioning of IDeas has determined its constant growth and modernization, with a standard of quality in the professional services being offered.

In addition, the process of expansion undergone, led the firm to gain a unique position as an international center of provision of services thus enabling its clients to centralize its brand portfolio in Central America and the Caribbean Islands.