What country to choose for your studies? The list of most innovative countries in the world.

When Bloomberg’s index first debuted, it became one of the accessible sources of data for different and various fields. One of the most popular and much awaited annual poll is about their Innovation Index. As defined by the business dictionary, innovation is the process of converting an idea or an invention into a service that will benefit the public. An invention must be at a reasonable cost and must be useful to be considered an innovation or an innovative project.

Bloomberg’s criteria for judging includes Research and Development Intensity, Manufacturing Value-Added, Productivity, High-Tech Density, Tertiary Efficiency, Researcher Concentration, and Patent Activity. Research and Development Manufacturing, Value Productivity, High - Tech Density, Tertiary Efficiency, Researcher Concentration, Patent Activity.

For 2020, in terms of Research and Development Intensity, the ranks 1 to 10 comprise the following countries Israel, South Korea, Switzerland, Sweden, Japan, Austria, Denmark, Germany, U.S., and Finland.

In the category, Manufacturing Value - Added ranking number one was Ireland, followed by Singapore, South Korea, Germany, Japan, Switzerland, the Czech Republic, Slovenia, Malaysia, and Slovakia.

When it comes to Productivity, these countries were top of the rank led by Ireland, Macao, Iceland, Singapore, Norway, Denmark, Hong Kong, Australia, Finland, and Luxembourg.

It was also evident that High-Tech Density category was dominated by U.S. followed by France, Germany, South Korea, Israel, the Netherlands, Sweden, Denmark, Japan, and Switzerland. On the other hand, Singapore, Lithuania, Iceland, Portugal, China, U.K., Algeria, Kazakhstan, Greece, and Norway topped the Tertiary Efficiency category.

When it comes to Researcher Concentration, Denmark, Israel, Switzerland, Iceland, South Korea, Luxembourg, Austria, Finland, and Norway stepped-up their games. The final criteria which is the Patent Activity was dominated by the U.S., China, Germany, Luxembourg, Singapore, Australia, Israel, France, Canada, and Finland.

Overall, the top 10 countries that made it to this year's Most Innovative Countries are Germany, South Korea, Singapore, Switzerland, Sweden, Israel, Finland, Denmark, the U.S., and France.

Germany claimed the top spot which was owned by South Korea for six consecutive years. South Korea was down by a notch compared to last year's ranking. Singapore came third from sixth place last year, while Switzerland remained at rank number 4. Sweden came 5th this year, which is two notches up from its last year's 7th place on the ranking. Down by a notch, Israel from rank number 5 came now as 6th, followed by Finland on the 7th spot which was on the 3rd spot last year. A considerable improvement was shown by Denmark, who claimed the 8th rank from being rank 11 last year. Fell a notch shorter compared to last year, U.S. came in 9th place, which is followed by France who maintained its spot as part of the top 10.