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Topic 02 of 18 · Country Index 2026

Economy & Innovation

What does an economy do for the people inside it?

Austria is placed first of 176 countries on economy & innovation in the Country Index 2026, and Somalia 176th. The standing rests on 4 key statistics; the other 40 on this page are published as context, with no vote.

02

4 key statistics

Placed first · Country Index 2026Austria

1st of 176

01Country Index 2026

Who leads on economy & innovation

The three countries placed highest of 176, the three placed lowest, and the country placed highest on each continent. Each position is a place in this topic’s own list, built from its key statistics.

  1. 1

    Austria

    Western Europe

    1st of 176 · 4 of 4 keys

    Photo: chensiyuan · CC BY-SA 4.0, greyscale

  2. 2

    Japan

    Eastern Asia

    2nd of 176 · 4 of 4 keys

    Photo: JurriaanH · CC BY-SA 3.0, greyscale

  3. 3

    Germany

    Western Europe

    3rd of 176 · 4 of 4 keys

    Photo: dronepicr · CC BY 2.0, greyscale

Placed lowest on Economy & Innovation

  1. 176Somalia2/4 keys
  2. 175Chad4/4 keys
  3. 174Central African Republic2/4 keys

Positions out of 176. A standing is relative: it says where a country places against the others measured, not that it scored zero.

Placed first on each continent · position among all 176

02The subject

About economy & innovation

What an economy pays, produces and moves. Take-home wages, output per person, the capacity to generate and commercialise new ideas, how efficiently goods cross borders, how many adults hold a bank account, and how much of the workforce the economy actually lets participate. Note that the SIZE of an economy is deliberately absent: GDP appears here only per person, because what matters is what an economy does for the people inside it, not how large it is in total.

An economy is measured here by what it produces for each person who lives in it, what it knows how to make, and whether ordinary adults can take part in it at all. Output per person is the familiar starting point; the capability to make complex, rarely made goods says something output alone cannot, because it is the base future income grows from.

Inclusion is the third leg, for households and for firms. An economy can be rich on average while a large share of adults hold no bank account and many businesses cannot borrow from any bank, and that exclusion shapes what the average can do for them.

What this topic does not measure

The total size of an economy is deliberately left out: a very large economy spread over a very large population is not doing more for each person. Growth rates, trade shares and the structure of output (how much is farming, industry or services) are published here as context, because they describe an economy's shape rather than how well it serves people. Jobs and wages have their own topic, Work & Labour.

03The evidence

The 4 statistics that decide it

These are the only statistics that place countries on economy & innovation — one vote each. Every number is somebody else’s research, reproduced without adjustment; the ordering on top is this site’s.

  1. Key 1 of 4

    GDP per Capita (PPP)

    World Bank Group

    Why it is a key: Output per person: the standard measure of an economy's size set against the population it has to support.

    Edition used
    2025data for 2025
    Countries
    185
    Publisher’s rank
    None — values only
    Licence
    CC BY 4.0

    Current leader, 2025 editionSingapore

    Every country, every edition
  2. Key 2 of 4

    Firms with a Bank Loan or Line of Credit

    World Bank Group

    Why it is a key: Whether businesses can borrow from the formal financial system — the firm-level counterpart to adults holding a bank account.

    Edition used
    2025data for 2025
    Countries
    170
    Publisher’s rank
    None — values only
    Licence
    CC BY 4.0

    Current leader, 2025 editionIsrael

    Every country, every edition
  3. Key 3 of 4

    Economic Complexity Index

    Growth Lab at Harvard University

    Why it is a key: What an economy knows how to make, read from the diversity and rarity of what it exports.

    Edition used
    2024data for 2024
    Countries
    145
    Publisher’s rank
    Published
    Licence
    CC0 1.0

    Current leader, 2024 editionJapan

    Every country, every edition
  4. Key 4 of 4

    Account Ownership at a Financial Institution

    World Bank Group

    Why it is a key: Whether ordinary adults are inside the financial system at all, which output per person does not reveal.

    Edition used
    2024data for 2024
    Countries
    139
    Publisher’s rank
    None — values only
    Licence
    CC BY 4.0

    Current leader, 2024 editionIceland

    Every country, every edition
  5. How the keys combine

    Each country’s value on each key becomes its place in that key’s own field, as a share of the field. The shares are averaged, one vote per key, and only the order that produces is published.

    The method in full

04Every placed country

Economy & Innovation on a map

Darker is placed higher. Hover a country for its position, or select it to open its page. Below the map, each continent’s median position — half its placed countries sit at or above it, so lower is better.

All regions
1st176thNot placed · 48 countries with too few key statisticsNo data
  • 1st of 5 continents

    Europe

    24th

    median position, of 176 · 40 of its 49 countries placed

    HighestAustria

  • 2nd of 5 continents

    Americas

    77th

    median position, of 176 · 30 of its 48 countries placed

    HighestCanada

  • 3rd of 5 continents

    Asia

    86th

    median position, of 176 · 45 of its 52 countries placed

    HighestJapan

  • 4th of 5 continents

    Oceania

    125th

    median position, of 176 · 9 of its 21 countries placed

    HighestAustralia

  • 5th of 5 continents

    Africa

    140th

    median position, of 176 · 52 of its 55 countries placed

    HighestMauritius

All 21 sub-regions on Economy & Innovation, best median first
  1. 1Western Europemedian 8thfrom 7 of 9
  2. 2Northern Europemedian 17thfrom 10 of 13
  3. 3Northern Americamedian 18thfrom 2 of 4
  4. 4Australia and New Zealandmedian 27thfrom 2 of 2
  5. 5Eastern Asiamedian 37thfrom 5 of 8
  6. 6Southern Europemedian 42ndfrom 13 of 17
  7. 7Eastern Europemedian 45thfrom 10 of 10
  8. 8Central Americamedian 76thfrom 8 of 8
  9. 9South Americamedian 77thfrom 11 of 12
  10. 10Caribbeanmedian 80thfrom 9 of 24
  11. 11Western Asiamedian 84thfrom 15 of 19
  12. 12Southern Asiamedian 88thfrom 9 of 9
  13. 13Polynesiamedian 91stfrom 2 of 7
  14. 14Southern Africamedian 105thfrom 5 of 5
  15. 15South-eastern Asiamedian 107thfrom 11 of 11
  16. 16Central Asiamedian 118thfrom 5 of 5
  17. 17Melanesiamedian 125thfrom 4 of 5
  18. 18Northern Africamedian 128thfrom 6 of 6
  19. 19Eastern Africamedian 140thfrom 16 of 19
  20. 20Western Africamedian 144thfrom 16 of 16
  21. 21Middle Africamedian 149thfrom 9 of 9

05The whole field

Where all 176 countries stand

In order, best first. A row resting on fewer keys rests on less evidence: a country needs 2 of the 4 to be placed at all. “=” marks a position shared with another country. Select a country to see the working behind its standing.

The full Country Index 2026

Showing 25 of 176 countries placed on Economy & Innovation

  1. 1 of 176AustriaWestern Europe4/4
  2. 2 of 176JapanEastern Asia4/4
  3. 3 of 176GermanyWestern Europe4/4
  4. 4 of 176IcelandNorthern Europe3/4
  5. 5 of 176FinlandNorthern Europe4/4
  6. 6 of 176DenmarkNorthern Europe4/4
  7. 7 of 176FranceWestern Europe4/4
  8. 8 of 176NetherlandsWestern Europe4/4
  9. 9 of 176BelgiumWestern Europe4/4
  10. 10 of 176SwitzerlandWestern Europe4/4
  11. 11 of 176SloveniaSouthern Europe4/4
  12. 12 of 176LuxembourgWestern Europe2/4
  13. 13 of 176IsraelWestern Asia4/4
  14. 14 of 176NorwayNorthern Europe4/4
  15. 15 of 176South KoreaEastern Asia4/4
  16. 16 of 176SpainSouthern Europe4/4
  17. 17 of 176SwedenNorthern Europe4/4
  18. 18 of 176CanadaNorthern America4/4
  19. 19 of 176IrelandNorthern Europe4/4
  20. 20 of 176ItalySouthern Europe4/4
  21. 21 of 176LithuaniaNorthern Europe4/4
  22. 22 of 176SlovakiaEastern Europe4/4
  23. 23 of 176HungaryEastern Europe4/4
  24. =24 of 176CzechiaEastern Europe4/4
  25. =24 of 176SingaporeSouth-eastern Asia4/4
48 countries measured in the index but not placed on economy & innovation

Each holds readings on too few of this topic’s key statistics to be placed. Their profiles still show every reading the publishers give.

06Beyond the headline

A different story

The countries placed furthest above and below their overall position in the Country Index 2026. Both positions are compared as a share of their own field, because 50th of 193 and 50th of 174 are not the same showing.

07In records

Economy in records

One country at the extreme of a statistic under this topic, read from its newest edition. Where countries tie at the top, no record is named.

All statistics

08Latest editions

Who rose and fell in the published ranks

The biggest moves between each report’s two newest editions, in the publisher’s own ranks — reports under this topic that print a rank. A report whose field changed by more than 5% is left out.

Ranks as published by Growth Lab at Harvard University in the Economic Complexity Index: reference years 2023 (145 countries ranked) → 2024 (145 ranked), both from its 2026 report.

Improved most

rank before → after
  1. Togo125 → 103+22
  2. Haiti122 → 101+21
  3. Afghanistan127 → 108+19

Declined most

rank before → after
  1. Gabon102 → 137−35
  2. Tajikistan107 → 129−22
  3. Bahrain43 → 64−21
Every country in the Economic Complexity Index

09Context, no vote

Also measured under economy & innovation

40 more statistics on the same subject, published in full and deliberately given no vote — keeping them out is what stops the standing drifting toward whichever kind of statistic was imported most. Select a row for its leader and trend.

All statistics
  • Regulatory QualityWorld Bank Group · 209 countries · 2025

    Current leader:Singapore

    World Bank Group · 27 editions, data 1996–2025

    Chart and every countryThe 2025 dataset

  • Crop Production IndexFAO · 195 countries · 2022

    Current leader:Senegal

    Food and Agriculture Organization of the United Nations (FAO) · 62 editions, data 1961–2022

    Chart and every countryThe 2022 dataset

  • Food Production IndexFAO · 195 countries · 2022

    Current leader:Senegal

    Food and Agriculture Organization of the United Nations (FAO) · 62 editions, data 1961–2022

    Chart and every countryThe 2022 dataset

  • Government AI Readiness IndexOxford Insights · 195 countries · 2025

    Current leader:United States

    Oxford Insights · 6 editions, data 2020–2025

    Chart and every countryThe 2025 dataset

  • Livestock Production IndexFAO · 194 countries · 2022

    Current leader:Malawi

    Food and Agriculture Organization of the United Nations (FAO) · 62 editions, data 1961–2022

    Chart and every countryThe 2022 dataset

  • GDP GrowthWorld Bank Group · 186 countries · 2025

    Current leader:Guyana

    World Bank Group · 65 editions, data 1961–2025

    Chart and every countryThe 2025 dataset

  • Digitally-Deliverable Services ExportsUNCTAD · 170 countries · 2024

    Current leader:Ireland

    UN Trade and Development (UNCTAD) · 15 editions, data 2010–2024

    Chart and every countryThe 2024 dataset

  • Liner Shipping Connectivity IndexUNCTAD · 167 countries · 2026

    Current leader:China

    UN Trade and Development (UNCTAD) · 21 editions, data 2006–2026

    Chart and every countryThe 2026 dataset

  • Researchers per Million InhabitantsUIS · 145 countries · 2024

    Current leader:Liechtenstein

    UNESCO Institute for Statistics (UIS) · 1 edition

    Chart and every countryThe 2024 dataset

  • Global Innovation IndexWorld Intellectual Property Organization · 139 countries · 2025

    Current leader:Switzerland

    World Intellectual Property Organization · 4 editions, data 2022–2025

    Chart and every countryThe 2025 dataset

  • Logistics Performance IndexWorld Bank Group · 139 countries · 2023

    Current leader:Singapore

    World Bank Group · 7 editions, data 2007–2023

    Chart and every countryThe 2023 dataset

  • World Energy Trilemma IndexWorld Energy Council · 126 countries · 2023

    Current leader:Denmark

    World Energy Council · 1 edition

    Chart and every countryThe 2023 dataset

  • ICT Goods ExportsUNCTAD · 120 countries · 2024

    Current leader:Hong Kong

    UN Trade and Development (UNCTAD) · 25 editions, data 2000–2024

    Chart and every countryThe 2024 dataset

  • Adjusted Net SavingsWorld Bank Group · 118 countries · 2021

    Current leader:Bangladesh

    World Bank Group · 32 editions, data 1990–2021

    Chart and every countryThe 2021 dataset

  • ICT Services ExportsUNCTAD · 118 countries · 2024

    Current leader:Ireland

    UN Trade and Development (UNCTAD) · 20 editions, data 2005–2024

    Chart and every countryThe 2024 dataset

  • External Debt Stocks (% of GNI)World Bank Group · 110 countries · 2024

    Most affected:Mozambique

    World Bank Group · 44 editions, data 1981–2024

    Chart and every countryThe 2024 dataset

  • Debt Service on External DebtWorld Bank Group · 109 countries · 2024

    Most affected:El Salvador

    World Bank Group · 43 editions, data 1982–2024

    Chart and every countryThe 2024 dataset

  • GNI per Capita (PPP)World Bank Group · 102 countries · 2025

    Current leader:Singapore

    World Bank Group · 32 editions, data 1994–2025

    Chart and every countryThe 2025 dataset

  • Research and Development SpendingUIS · 84 countries · 2023

    Current leader:Israel

    UNESCO Institute for Statistics (UIS) · 28 editions, data 1996–2023

    Chart and every countryThe 2023 dataset

  • Gini IndexWorld Bank Group · 60 countries · 2023

    Most affected:Colombia

    World Bank Group · 22 editions, data 2002–2023

    Chart and every countryThe 2023 dataset

  • Income Share Held by Lowest 20%World Bank Group · 60 countries · 2023

    Current leader:India

    World Bank Group · 22 editions, data 2002–2023

    Chart and every countryThe 2023 dataset

  • Income Share Held by Richest 10%World Bank Group · 60 countries · 2023

    Most affected:Colombia

    World Bank Group · 22 editions, data 2002–2023

    Chart and every countryThe 2023 dataset

  • Palma RatioWorld Bank Group · 60 countries · 2023

    Most affected:Colombia

    World Bank Group · 22 editions, data 2002–2023

    Chart and every countryThe 2023 dataset

  • Business Ready: Operational EfficiencyWorld Bank Group · 50 countries · 2024

    Current leader:Singapore

    World Bank Group · 1 edition

    Chart and every countryThe 2024 dataset

  • Business Ready: Public ServicesWorld Bank Group · 50 countries · 2024

    Current leader:Estonia

    World Bank Group · 1 edition

    Chart and every countryThe 2024 dataset

  • Business Ready: Regulatory FrameworkWorld Bank Group · 50 countries · 2024

    Current leader:Hungary

    World Bank Group · 1 edition

    Chart and every countryThe 2024 dataset

Describing the shape of a country (14)

These have no better end — more is not better or worse, only different — so they could not place countries even as keys.

  • Foreign Direct Investment InflowsUNCTAD · 202 countries · 2025

    Highest:British Virgin Islands

    UN Trade and Development (UNCTAD) · 36 editions, data 1990–2025

    Chart and every countryThe 2025 dataset

  • Total Natural Resources Rents (% of GDP)World Bank Group · 197 countries · 2021

    Highest:Libya

    World Bank Group · 52 editions, data 1970–2021

    Chart and every countryThe 2021 dataset

  • Agriculture, Forestry and Fishing Value Added (% of GDP)World Bank Group · 158 countries · 2025

    Highest:Niger

    World Bank Group · 51 editions, data 1975–2025

    Chart and every countryThe 2025 dataset

  • Industry Value Added including Construction (% of GDP)World Bank Group · 158 countries · 2025

    Highest:Guyana

    World Bank Group · 51 editions, data 1975–2025

    Chart and every countryThe 2025 dataset

  • Gross Savings (% of GDP)World Bank Group · 146 countries · 2024

    Highest:Macau

    World Bank Group · 47 editions, data 1978–2024

    Chart and every countryThe 2024 dataset

  • Tariff Rate, Applied, Weighted Mean, All ProductsWorld Bank Group · 143 countries · 2022

    Highest:Bermuda

    World Bank Group · 24 editions, data 1999–2022

    Chart and every countryThe 2022 dataset

  • Exports of Goods and Services (% of GDP)World Bank Group · 138 countries · 2025

    Highest:Hong Kong

    World Bank Group · 56 editions, data 1970–2025

    Chart and every countryThe 2025 dataset

  • Imports of Goods and Services (% of GDP)World Bank Group · 138 countries · 2025

    Highest:Hong Kong

    World Bank Group · 56 editions, data 1970–2025

    Chart and every countryThe 2025 dataset

  • Trade (% of GDP)World Bank Group · 138 countries · 2025

    Highest:Hong Kong

    World Bank Group · 56 editions, data 1970–2025

    Chart and every countryThe 2025 dataset

  • General Government ConsumptionWorld Bank Group · 132 countries · 2025

    Highest:Ukraine

    World Bank Group · 56 editions, data 1970–2025

    Chart and every countryThe 2025 dataset

  • Manufacturing Value Added (% of GDP)World Bank Group · 132 countries · 2025

    Highest:Puerto Rico

    World Bank Group · 49 editions, data 1977–2025

    Chart and every countryThe 2025 dataset

  • Gross Capital Formation (% of GDP)World Bank Group · 131 countries · 2025

    Highest:Algeria

    World Bank Group · 56 editions, data 1970–2025

    Chart and every countryThe 2025 dataset

  • Household ConsumptionWorld Bank Group · 131 countries · 2025

    Highest:Somalia

    World Bank Group · 56 editions, data 1970–2025

    Chart and every countryThe 2025 dataset

  • Container Port TrafficUNCTAD · 103 countries · 2024

    Highest:China

    UN Trade and Development (UNCTAD) · 15 editions, data 2010–2024

    Chart and every countryThe 2024 dataset

12Method

Questions, method and sources

Which country is placed first on economy & innovation in the Country Index 2026?

Austria, of the 176 countries given a standing on Economy & Innovation. The standing is this site’s own, built from 4 key statistics by 8 publishers; it is not a rank any of those publishers printed.

Which country is placed last on economy & innovation?

Somalia, 176th of 176. A standing says how a country places against the others measured alongside it, so it moves when they move.

Which statistics decide the Economy & Innovation standing?

GDP per Capita (PPP), Firms with a Bank Loan or Line of Credit, Economic Complexity Index, Account Ownership at a Financial Institution. Each is read at one edition and turned into a place within its own field; the places are averaged with one vote each. The other 40 statistics on this topic are published as context and have no vote.

Why is a country not placed on economy & innovation?

A country needs readings on at least 2 of the 4 key statistics before it is placed. 48 countries in the Country Index fall short on this topic; every reading the publishers do give for them is still on their profiles.

Are these the publishers’ own rankings?

The underlying numbers and any printed ranks are the publishers’, reproduced without adjustment on each statistic’s page. The standing that combines them is this site’s, and the average it is ordered by is never published — only the position it produces.

How the Economy & Innovation standing is decided, step by step

A standing is a place in a list, not a mark out of anything. This one is part of the Country Index 2026, and it is worked out like this.

  1. A few key indicators decide it; the rest are context. 4 indicators on this topic are keys and 40 are charted alongside them without a vote. That split is the point: if every statistic voted, importing five more of one kind would quietly change what the topic is about.
  2. Each key is read at one edition. ⚠ The keys behind this standing do not all describe the same year — they run from 2024 to 2025, because publishers release on their own schedules. Read the standing as “how this country places now”, not as a snapshot of one year.
  3. Every country’s published value is turned into a place within that one key’s own field, and then expressed as a share of that field — how far down this key’s list the country sits, rather than how many countries are above it. Keys where a higher published number is worse (terrorism, hunger, disaster risk) are turned round first, so the good end is always the same end.
  4. Dividing by the field first is the whole reason this works. A place carries the size of its list inside it: 22nd of 44 and 108th of 215 are the same showing, and averaging the numbers 22 and 108 says loudly that they are not. Fields on this site run from about 44 countries to about 215, so averaging raw places would reward a country for happening to be measured in small ones. Dividing each place by its own field removes the size and leaves only the showing.
  5. The shares are averaged, plainly. One key, one vote — no key is weighted above another, because any weighting would be this site’s opinion presented as a measurement. Countries are then put in order by that average, and the average itself is never published. It is our arithmetic with nothing anchoring it, so printing it would invite it to be read as a measurement somebody made. The position it produces, the band, and the keys it was built from are all published instead — every one of them checkable against the tables on this page.
  6. A country needs 2 of this topic’s 4 keys — half, rounded up, and never fewer than 2. A standing built from one reading, printed beside one built from four, is two different things sharing a column heading. 176 countries clear the bar here.
  7. A key has to earn its vote every edition. It must measure at least 120 countries (below that it starts measuring who was surveyed rather than the world), it must not have more than 10% of its field tied at either end, and it must not repeat another key in the same topic — Spearman correlation above 0.92 counts as repeating. A topic needs at least 2 surviving keys to place anyone at all; this one has 4.
  8. A standing is relative, and the grouping is ours. It says where a country places against the others measured alongside it, so it moves when they move. The publishers listed on this page did not agree to be read together, and each measures its subject its own way: the underlying numbers are theirs, the ordering on top is this site’s — the same method as the rest of the Country Index, applied to one subject instead of all of them.

The key statistics and their licences

The other 40 statistics on this page come from 7 publishers, each named beside its numbers, with every edition and licence on the datasets pages.

The standing itself is part of the Country Index 2026, published under CC BY-SA 4.0.

Photographs

The countries placed highest, from their profiles: Wikimedia Commons, shown in greyscale, each used under the licence named.

Cite this page

Nations Inquiry (2026). Economy & Innovation: country standings, Country Index 2026. https://nationsinquiry.com/topics/economy

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