In this article, we will look at the 5 least technologically advanced countries in the world. If you want to read our detailed analysis, you can go to the 25 Least Technologically Advanced Countries in the World.
R&D Expenditure as a Percentage of GDP: 0.08%
Kyrgyz Republic or Kyrgyzstan is ranked 5th on our list of the least technologically advanced countries in the world. In 2021, the country only spent 0.08% of its GDP on research and development.
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Investors shouldn’t ignore 2023’s Gold Bull Rally as 2024 could bring even more gains…
Precious metal gold finished 2023 at $2,062.40 per troy ounce, gaining 13% for the year after hitting an all-time high of $2,135.39. This was the highest annual close on record.
Gold prices surged in the last few months of 2023 after a powerful rally was sparked by central bank purchasing and mounting investor interest. Central bank demand, primarily from EM institutions, was a significant contributor: which added an estimated 15% to gold’s annual performance.
Fed interest rate cuts and falling U.S. real yields will once again become the key drivers behind gold prices in 2024.