A recent study by Bloomberg Rankings shed light on the most innovative countries in the world. The countries were measured by seven factors such as R&D intensity, productivity, high-tech density and researcher concentration, manufacturing capability, education levels and patent activity.

This ranking listed a range of countries from developing to developed, with European nations being the majority. Asian countries such as Singapore, Japan and South Korea also took coveted spots in the top ten.

Just who is the best of the best in terms of innovation? Take a look at the rankings and see where each country stands.

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Forbes' 2012 list of the world's most powerful people features 71 names, a figure the magazine said it set as a cutoff because there are an estimated 7.1 billion people in the world and thus the ranking works out to one very heavy hitter for every 100 million people.

For the second year in a row, President Barack Obama led the ranking, with Forbes noting that he won both the popular vote and a crucial electoral college majority in last November's election. Click on thumbnail to view (Photos: AFP, Reuters, Bloomberg, ST, BT, video screengrabs)