5 Most Developed Countries in the World

4. Germany

R&D Spending : 3.1%

Germany is the largest economy in Europe and is at the forefront of R&D in novel technologies. 

Its Research-&-Development spending accounted for 3.1% of its 2020 GDP of $3.8 trillion. Its KTI output had a 17% share in its 2019 GDP and a 6% share in the overall global output. Its share for scientific-R&D in the global KTI output was 4.1%

Some of the prominent technology companies in the country include BioNTech SE (NASDAQ:BNTX), CureVac N.V. (NASDAQ:CVAC), Bechtle AG (XETRA:BC8.DE) and Infineon Technologies AG among many others. Germany had a whopping 65,757 patent applications from residents in 2021 and over 29,000 patents were granted.

Germany

Pixabay/Public Domain