5 Most Innovative Economies in Central and South America

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1. Brazil

R&D Expenditure as a Percentage of GDP (2020): 1.15%

High Technology Exports (2021): $6.35 billion

Digital Adoption Index (2016): 0.683

Insider Monkey Score: 1.6

Brazil tops our list of the most innovative economies in Central and South America. In 2021, the country reported high-technology exports of $6.35 billion. The country spent 1.15% of its GDP on research and development in 2020.

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