5 Most Advanced Countries in South America

3. Republic of Colombia

Global Innovation Index (2022) Ranking: 63

The Republic of Colombia is a relatively advanced South American country that relies on industry and services for its GDP. Like some other South American nations, the bulk of its electricity is also generated through renewable sources – a crucial factor in today’s high oil price environment. Additionally, the country has a vibrant science sector, having invented pacemakers, LASIK eye surgery, and treatment for cerebrospinal fluid accumulation. It is also one of the few countries in the world capable of building military naval ships.