Armenia advanced by ten points in the Global Innovation Index 2013 and it came at 59th.

The peculiarity of this indicator is that it assesses how innovation is applied in a given country in education, economy, governance, and in several other domains 

The index was calculated for 142 countries.

Switzerland heads this indicator and it is followed by Sweden and Great Britain. From the CIS countries, solely Moldova (45th) tops Armenia. Also, Russia is 62nd, Turkey is 68th, Georgia is 73rd, Azerbaijan is 105th, and Iran is 113th in this indicator.

The most considerable drop in this region was recorded in Azerbaijan, with 16 points. 

In addition, Armenia is included among the eighteen emerging economies—such as India, Georgia, China, Hungary, and Latvia—that are outperforming other countries in their respective income groups in order of distance; these countries demonstrate rising levels of innovation compared with their peers. According to the index, this is a result of tackling the formulation of a good policy-mix on all meaningful fronts: institutions, skills, infrastructures, integration to global markets, and linkages with the business community.