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A new report lists the United States among the five most innovative economies in the world.

Switzerland was the top rated country on the list, known as the Global Innovation Index 2019. It is followed by Sweden, the U.S., the Netherlands and Britain.

United Nations officials released the findings. The index is a project of the U.N. World Intellectual Property Organization, the business school INSEAD, and Cornell University in New York.

The report notes, “Innovation is blossoming around the world,” although concerns about an economic slowdown and trade disputes continue.

Image: A Loon internet balloon, carrying solar-powered mobile networking equipment flies over the launch site in Winnemucca, Nevada, U.S., in June 27, 2019. - Loon/Handout (Reuters)