Israel has been ranked second in the Global Dynamism Index science and technology sector of one of the world’s largest worldwide accountancy firms with a mark of 62.7. Israel moved up one place to second from third, lagging only behind South Korea with a mark of 64.2. Israel was ranked ahead of Finland (62.6), Sweden (58.8), and Japan (58.7).

The Grant Thornton index draws together 22 indicators, including GDP growth, R&D spend, regulatory risk, access to finance and labor productivity, across five areas of dynamism (business operating environment, science and technology, labor and human capital, financing and environment, economics and growth) to produce the rankings.

Overall Israel ranked eighth place with a mark of 61.8. Australia topped the list followed by Chile, China, New Zealand, Canada, Finland and Singapore.