Bulgaria has climbed one spot to 37th place among 139 economies in the 2025 Global Innovation Index, solidifying its position as the most innovative country in the Balkans. Globally, Switzerland maintains its lead, a position it has held since 2011, followed by Sweden and the United States. By contrast, the United States, Japan, and Germany, collectively responsible for 40% of global applications, experienced slight declines. While Germany fell to 11th place, experts note that the ranking does not fully reflect external factors such as past tariffs imposed by the United States. Other countries in the global top ten include South Korea, Singapore, the United Kingdom, Finland, the Netherlands, and Denmark.