ICELAND

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Iceland is among the Innovation followers, with an innovation performance just below the EU27 average but the rate of improvement is above that of the EU27. Relative strengths, compared to the country’s average performance, are in Finance and support and Linkages & entrepreneurship and relative weaknesses are in Human resources, Throughputs, Innovators and Economic effects.

Over the past 5 years, Human resources, Finance and support and Throughputs have been the main drivers of the improvement in innovation performance, in particular as a result from growth in S&E and SSH doctorate graduates (10.2%), Private credit (18.0%), Community trademarks (21.1%) and Community designs (14.4%). Performance in Linkages & entrepreneurship and Economic effects has worsened, in particular due to a decrease in Employment in medium-high & high-tech manufacturing (-5.0%) and Knowledge-intensive services exports (-5.4%).