5 Most Developed Countries in the World

In this article, we take a look at the 5 most developed countries in the world. If you want to check out our detailed analysis of the state of technological development, go instead to 25 Most Developed Countries in the World.

5. South Korea

R&D Spending : 4.8%

South Korea, or the Republic of Korea, is an East Asian country known for companies that produce bleeding edge technologies. It is home to Samsung Electronics Co., Ltd. (KSE:005930.KS), a major electronics manufacturer, currently pushing Moore’s Law boundaries by producing chips using the latest 3nm fabrication process.

South Korea held 6% share in the overall global KTI output in 2019. Out of this, Its share for computer and other electronics’ development and manufacturing was 9% and scientific R&D was 6.8%. Its GDP size as of 2021 is $1.8 trillion.