The 2019 Bloomberg Innovation Index advanced Israel from 10th place last year to 5th place this year as a result of better patent registration, outpacing the US, China, the UK and Japan.
Israel has been named as the fifth most innovative economy in the world, according to the 2019 Bloomberg Innovation Index.
Last year, Israel was ranked in 10th place but this year jumped to fifth place as a result of better patent registration, which has played a large part in its improvement in the rankings.
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The 2019 Bloomberg Innovation Index was just published. It ranks economies according to their level of innovation.