Through theoretical and empirical study, this research focused primarily on the construct model of Knowledge-Based Economy (KBE) indicators. The analytical results have indicated that KBE construct model consisted of five parts: 1. Economic Incentive and Institutional regime: gross capital formation as % GDP and trade, business environment and local institutional regime. 2. Innovation system: innovation input, and innovation entrepreneurship. 3. Education and human resources: educational investment, human structure, extent of mathematics and science, extent of open competitiveness. 4. Information infrastructure: information structure, investment in telecom, rating of computer processing power as % of total worldwide MIPS. 5. Performance indicators: innovalue endowment, human resources development, employment and productivity. Finally, this study concluded that, in order to construct the model of KBE, one needed to look into the essentiality of innovation system, education and human resources, information infrastructure factors all together.