5 Most Advanced Countries in South America

2. Federative Republic of Brazil

Global Innovation Index (2022) Ranking: 52

The Federative Republic of Brazil, or simply Brazil, is the largest and most prosperous country in South America. It has a $3.6 trillion economy and a large number of universities and research institutes. The country also has the most advanced space program on the continent and is the only country in South America with a chip fabrication plant. Some large Brazilian technology companies are Multilaser Industrial S.A. (BVSP:MLAS3.SA), Positivo Tecnologia S.A. (BVMF:POSI3.SA), and Allied Tecnologia S.A. (BVMF:ALLD3.SA). However, Brazil ranks number two on the list of advanced South American nations because of its weak government institutions which are among some of the worst in the world.