Baltic, EU – Baltic States, Good for Business, Innovations, Rating

Just like last year, Lithuania ranks 32nd among 50 countries, while Estonia went up by one slot to 33rd , while Latvia ranks 39th after climbing one position since 2016. Poland also improved its standing by one place to 22nd , while Russia dropped 14 places to 26 th and Ukraine lost one place to 42nd.

The list is topped by South Korea, just like it did in 2016, followed by Sweden, Germany, Switzerland, Finland, Singapore, Japan, Denmark, the United States and Israel.

Prepared by the Bloomberg news agency, the rating scores economies using factors including research and development spending and the concentration of high-tech public companies. The ranking began with over 200 economies, from which those that didn't report data for at least six of seven categories measured were eliminated, trimming the list to 78.