Israel among the most innovative countries in the world

Israel scored a 50.2 on the Global Innovation Index's 2022 rankings given the country ranked #7 in GII's market sophistication indicator, #6 in its business sophistication indicator, and #7 in its knowledge and technology outputs indicator. Israel is also the only country in the world that spends more than 5% of its GDP in R&D with the government spending 5.4% in 2020. As a result of its highly innovative economy, Israel had a GDP per capita of $51,430.08 in 2021.