5 Most Advanced Countries in South America

In this piece, we will take a look at the five most advanced countries in South America. For more countries, head on over to 10 Most Advanced Countries in South America.

5. Republic of Peru

Global Innovation Index (2022) Ranking: 65

The Republic of Peru is one of the more prosperous South American nations which has a GDP of $513 billion. Rich in natural resources, the country relies primarily on copper, gold, lead, iron, and petroleum products as its exports. Peru produces most of its electricity from hydroelectric plants, and its startup ecosystem is one of the most renowned in the world. Through this, Peru has transformed its agriculture industry as well, which is crucial since it produces a large number of products. Its National Agricultural Innovation Project (PNIA) finances post graduate education, creates agricultural innovation technical commissions and has enabled 32,000 subproject beneficiaries to grow their income.