In this article, we will look into the 5 most advanced countries in science and technology. If you want to read our detailed analysis, you can go directly to the 20 Most Advanced Countries in Science and Technology.
5. Austria
High Technology Exports in US$ (2021): $21.28 billion
Digital Adoption Index (2016): 0.862
R&D expenditure as % of GDP (2020): 17.57%
High Technology Exports as % of Manufactured Exports (2016): 3.18%
Insider Monkey Rating: 39.28 out of 100
Austria is ranked among the most advanced countries in science and technology. It reported high technology exports of $21.28 billion as of 2021. According to the World Bank, Austria reported a DAI of 0.862 in 2016. Austria spent 17.57% of its GDP on R&D in 2020 as reported by the World Bank.
4. Switzerland
High Technology Exports in US$ (2021): $38.19 billion
Digital Adoption Index (2016): 0.822
R&D expenditure as % of GDP (2020): 27.08%
High Technology Exports as % of Manufactured Exports (2016): 3.19%
Insider Monkey Rating: 39.58 out of 100
Switzerland is ranked 4th on our list, reporting high technology exports of $38.19 billion as of 2021. According to the World Bank, Switzerland reported a DAI of 0.822 in 2016 and spent 27.08% of its GDP on R&D in 2020.
3. South Korea
High Technology Exports in US$ (2021): $163.98 billion
Digital Adoption Index (2016): 0.857
R&D expenditure as % of GDP (2020): 26.58%
High Technology Exports as % of Manufactured Exports (2016): 4.79%
Insider Monkey Rating: 41.55 out of 100
South Korea reported high technology exports of $163.98 billion as of 2021. According to the World Bank, South Korea reported a DAI of 0.857 in 2016. South Korea spent 26.58% of its GDP on R&D in 2020.
2. Singapore
High Technology Exports in US$ (2021): $159.92 billion
Digital Adoption Index (2016): 0.870
R&D expenditure as % of GDP (2020): 48.85%
High Technology Exports as % of Manufactured Exports (2016): 1.88%
Insider Monkey Rating: 45.34 out of 100
Singapore is ranked 2nd on our list, reporting high technology exports of $159.92 billion as of 2021. According to the World Bank, Singapore reported a DAI of 0.870 in 2016 and spent 48.85% of its GDP on R&D in 2020.
1. United States
High Technology Exports in US$ (2021): $169.22 billion
Digital Adoption Index (2016): 0.747
R&D expenditure as % of GDP (2020): 19.96%
High Technology Exports as % of Manufactured Exports (2016): 3.42%
Insider Monkey Rating: 35.25 out of 100
The United States tops our list of most advanced countries in science and technology, reporting high technology exports of $169.22 billion as of 2021. According to the World Bank, the US reported a DAI of 0.747 in 2016 and spent 19.96% of its GDP on R&D in 2020.
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