Basic Snapshot of the Knowledge Economy Readiness

	Three key variables serve as proxies for each Knowledge Economy pillar: Economic Incentive and Institutional Regime, Education, Innovation, and Information & Communications Technology (ICT).
	Knowledge Index (KI) is the simple average of the normalized country scores on the key variables in three pillars – education, innovation and ICT. Knowledge Economy Index (KEI) measures performance on all four pillars.
	The scorecards demonstrate comparative performance - the variables are normalized on a scale from 0 to 10 relevant to four possible Comparison groups – all countries, region and income groups.
	If a country performs worse over time on a certain normalized variable, this may be because it: • actually has lost ground in absolute terms, or • improved slower than the comparative group.