15 Most Advanced Countries in Asia in 2024

3. Taiwan

Global Innovation Index Rank (2023): N/A; listed 6th in the world by Insider Monkey in 2023

R&D Expenditure as a Share of GDP (2021): 3.77%

Human Development Index Score (2022): 0.907 

Overall Score: 3.4

Taiwan is a developed country in East Asia, recognized for its civil liberties and human development. While it was not ranked by WIPO in its Global Innovation Index due to the country’s contentious political status, it was ranked as the sixth most technologically advanced country in the world by Insider Monkey in 2023, citing Global Finance’s study. The country has a high human development index score and spends a large chunk of its GDP on R&D expenditure.