Which is the most innovative country in the world? Well, it's not Australia

Updated

China is one of the big movers in Bloomberg's annual innovation index, while Australia has slipped one place to 19th on the list.

Bloomberg analyses each country in a range of areas including education, research and development, and manufacturing before coming up with a list of the 60 most innovative countries.

South Korea topped the chart for a sixth time with Germany a close second, while China jumped three places to 16th thanks largely to patent activity.

It's the first time China has finished ahead of Australia.

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Topics: business-economics-and-finance, world-politics, korea-republic-of, china, asia, australia, united-states

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