5 Most Innovative Economies in Central and South America

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In this article, we will look into the 5 most innovative economies in Central and South America. If you want to read our detailed analysis, you can go directly to the 10 Most Innovative Economies in Central and South America.

5. Colombia

R&D Expenditure as a Percentage of GDP (2020): 0.29%

High Technology Exports (2021): $735 million

Digital Adoption Index (2016): 0.637

Insider Monkey Score: 4.8

Colombia is ranked among the most innovative economies in Central and South America. In 2021, the country reported high-technology exports of $735 million. The country spent a total of 0.29% of its GDP on research and development in 2020.

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