Dept of Industry, Science and Resources
A country's productivity and economic performance is linked to its innovation (Productivity Commission, 2023). By comparing how well different countries innovate, we can identify opportunities to improve economic performance and drive sustainable growth.
Many indices have been constructed to enable this comparison. However, there is little agreement on how well Australia performs. Australia ranks in the global top 10 most innovative countries according to some indices but sits outside the top 100 in others. The difference in rankings leads to divergent views on Australia's innovation performance.
In this insight, we explore how the Australian Innovation Statistics can help us understand the different indices.
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