5 Most Innovative Countries in the World

#2 China

China is the world’s second most innovative country given its nominal GDP of $17.73 trillion in 2021 and its substantial spending on R&D. For 2020, the country spent 2.4% of its gross domestic product on research and development which helped China innovate in important sectors such as renewable energy and drones. Given its large market, many innovations can also achieve critical mass easier and faster in China than in countries with a smaller population or economy.