The Innovation Output Indicator was developed by the Commission at the request of the European Council to benchmark national innovation policies and to monitor the EU’s performance against its main trading partners. It measures the extent to which ideas stemming from innovative sectors are capable of reaching the market, providing better jobs and making Europe more competitive. It complements the R&D intensity indicator (3 % target of the Europe 2020 strategy) by focusing on innovation output. It will support policy-makers in establishing new or reinforced actions to remove bottlenecks preventing innovators from translating ideas into successful goods and services.
This report discusses the methodology applied for the computation of the Innovation Output Indicator (IOI) 2014 edition. The IOI is a composite of four components, chosen for their policy relevance: technological innovation as measured by patents (PCT); Employment in knowledge-intensive activities as a percentage of total employment (KIA); the average of the share of medium and high-tech goods and services in a countries export (COMP); and employment dynamism of fast-growing enterprises in innovative sectors (DYN).
| Year of publication | |
| Authors | |
| Geographic coverage | European Union |
| Originally published | 21 May 2021 |
| Knowledge service | Metadata | Composite Indicators |