Peru, the sixth most innovative economy in the region

By Espinosa Bellido Abogados

The 2022 edition of the Global Innovation Index (GII) tracks the most recent global innovation trends against the background of an ongoing COVID-19 pandemic, slowing productivity growth and other evolving challenges. It reveals the most innovative economies in the world, ranking the innovation performance of around 132 economies while highlighting innovation strengths and weaknesses.

Peru ranks 65th globally and 6th in Latin America and the Caribbean. The country had a substantial rank increase of five positions compared to 2021. Over the past decade, only Mexico, Peru and Jamaica have gained more than 10 ranks.

Peru also positions itself as a global leader this year in the indicators availability of Loans from microfinance institutions (1st), Graduates in science and engineering (18th) and Utility models (22nd). In Latin America and the Caribbean, Peru also outperforms relative to development. 


This edition's thematic focus on the future of innovation-driven growth provides a stance on whether stagnation and low productivity growth are here to stay, or whether we are about to enter a new era, where new innovation spurts - the Digital Age and the Deep Science Innovation waves - bring about an economic uplift.