20 Most Advanced Countries in the World

Page 5 of 5

1. Germany

Absolute R&D Spending: $134.45 billion

Human Development Index: 0.950

Composite Ranking: 4.6

Germany is the most advanced country in the world. In 2021, it spent an estimated $134.45 billion on research and development. The tech sector is a major driver of the economy in Germany, adding over a million jobs and exceeding 230 billion euros in sales revenue. The sector has over 100,000 companies. It accounts for around 7% of the total economic output in Germany. The country also provides a high standard of living, reflected by its HDI score of 0.950.

At Insider Monkey, we delve into a variety of topics; however, our expertise lies in identifying the top-performing stocks. Currently, Artificial Intelligence (AI) technology stands out as one of the most promising fields. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 5 of 5