As explained by the Institute of Economic Studies (IEE), the 2014 classification reflects the innovation situation in 143 countries through a composite index based on a total of 81 indicators. On the one hand, it measures the aspects that facilitate innovative activities in an economy such as the institutional framework, human capital and research, infrastructures, market and company sophistication.
On the other hand, the results of innovation in the economy are assessed by analysing the creation and dissemination of knowledge and technologies, as well as the impact of creativity. There are a total of seven European countries in the top ten. Switzerland leads the ranking along with the United Kingdom, Sweden, Finland and the Netherlands. The United States, Singapore, Denmark, Luxembourg and Hong Kong. Despite the fact that Spain is among the top 30 countries in the world in terms of innovation, in the 27th position mentioned, this position is quite far from the best classified countries, only surpassing Italy and Portugal within the European Union, as well as a number of new members.