5 Most Advanced Countries in South America

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1. Republic of Chile

Global Innovation Index (2022) Ranking: 50

The Republic of Chile has one of the highest per capita incomes in South America, which sits at $28,526. It is also the first South American country to join the OECD. It is also one of the handfuls of countries in South America that rely on satellites for their communications needs. Additionally, the bulk of the Chilean population has internet access, and it is the only South American country with second quartile rankings for institutions, capital research, infrastructure, market sophistication, business sophistication, creative outputs, and technology outputs.

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