Since 2007, Cornell University, INSEAD and the World Intellectual Property Organization have published an annual Global Innovation Index. This composite index is a precious tool for comparing and evaluating the ongoing progress made by different countries in the area of innovation. In the 2017 edition, Luxembourg came 12th with a score of 56.40.
With a score of 57.36, Luxembourg is 24th in the world for Innovation Input (institutions: 19th; human capital and research: 33rd; infrastructure: 24th; market sophistication: 78th; business sophistication: 7th). In terms of Innovation Output, Luxembourg scored 55.43, coming in 4th place(knowledge and technology outputs: 15th; creative outputs: 1st).