Development of innovatinal activity is a determinative factor of economic development of any state. In each country the strategic plan of innovative development of economy is carried out. There is a need not only to state existing situation in development of innovative processes in the certain countries, but also to reveal the general regularities (vectors) of development of these processes. Innnovative activity of the Europian Union states is measured through SII (Summary Innovative Index). Goverment policies can support innovation by continually reforming and updating the regulatory and institutional framework within which innovative activity takes place. However there is a question: why in one countries development of innovations happens more quickly and effectively than in other countries? Whether there are for all countries general laws of development of innovative economy? How to reveal lacks in the course of introduction of innovations in real economy and how to make use of experience of the advanced countries in development of innovative proceses in the separate countries? Answers to these questions can be received in details investigating development of innovative processes in the separate countries, revealing the general tendencies of development of innovative proceses in the the diferent countries, and investigation interrelation between the growth of the index of the innovation (SII) and its unfluence on gross domestic product European States. The object of ivestigation in the paper is the economy of Latvia. The indicators of the European Innovation Scoreboard (EIS) summarize the main elemens of innovation activity of the state, and also the analysis of rates of change SII necessary for achievement by the state plans in view on growth of level GDP, will allow to reveal deviations in rates of development SII (really achieved and determined on the basis of the allocated correlation dependence between parameters SII and GDP) and also to reveal the reasons causing given deviations. The information received as a result of the analysis, will allow to correct in due time an innovation policy of the state, to remove the reasons causing a deviation really achieved and forecasted values of parameters SII, and to provide due to growth of innovational activity a necessary level of economical development (GDP).