The Forum > General Discussion > Is Australia innovative?
Is Australia innovative?
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>>Australia is not as innovative as other developed countries, a recent government report has found. Yet experts agree that our economic future after the mining boom will depend on innovation and entrepreneurship. So what's preventing innovation here and how can we encourage Australians to think up and invest in bright ideas.>>
See: http://www.abc.net.au/rn/australiatalks/stories/2011/3291151.htm
One very rough widely used measure of a country’s innovativeness is the number of patents registered in the USA. I ranked selected countries by US patents per million of population and per billion of GDP. Here are the rankings:
1 Taiwan 417.6 (patents per million of population)
2 Japan 371.4
3 Korea 256.5
4 Israel 256.5
5 Germany 167.3
6 Canada 162.0
7 Singapore 133.5
8 Australia 95.5
9 UK 80.4
10 France 78.1
11 Italy 36.9
12 China 2.5
13 Brazil 1.1
14 India 1.0
15 Turkey 0.6
16 Indonesia 0.0
By this measure Australia ranks ahead UK, France and Italy but way behind the top 3 (Taiwan, Japan, Korea)
Obviously wealthier countries should have more innovation. How do we do if we measure patents per billion dollars of GDP?
1 Taiwan 22.4 (patents be billion of GDP)
2 Korea 12.4
3 Israel 9.0
4 Japan 8.6
5 Germany 4.8
6 Canada 3.5
7 Singapore 2.8
8 UK 2.2
9 France 2.0
10 Australia 1.7
11 Italy 1.1
12 India 0.7
13 China 0.6
14 Brazil 0.1
15 Turkey 0.1
16 Indonesia 0.0
NB: I have used market exchange rates, not purchasing power parity, for the GDP numbers.
We are again way behind the top 3 (Taiwan, Korea, Israel). In fact we are definitely punching below our weight.
I’ve taken population and GDP data from the CIA World Factbook.
You may find the patent data here:
http://www.uspto.gov/web/offices/ac/ido/oeip/taf/cst_utl.htm
It’s not all bad news. The number of Australian patents filed in the US is increasing rapidly. But so is the number filed by the top 3
How can we improve Australian innovativeness?