Published on 27 Dec 2023 on Insider Monkey via Yahoo Finance

12 Most Technologically Advanced Countries in Latin America

In this article, we will be taking a look at the 7 most technologically advanced countries in Latin America. To skip our detailed analysis, you can go directly to see the 5 most technologically advanced countries in Latin America.

When you think about technologically advanced countries and nations leading the tech revolution, you tend to think of the U.S. or European countries, but the fact is, Latin America is steadily growing in the tech sector and is on the way to becoming a leading supplier of tech talent to North America. Not only are some of the fastest growing economies in Latin America adding to the global GDP, with Deloitte stating that regional growth surpassed pre-pandemic levels in 2021, the region has continued to outperform global growth despite severe challenges including inflation and interest rate hikes.

A large part of this growth is attributable to the tech sector, and in 2022, Brazil, one of the biggest countries in the region, alone received over $45 billion in IT investment, signifying the growing importance of the most technologically advanced countries in Latin America. While economic growth has slowed down in tune with global economic concerns, the tech industry in Latina America is still prospering and according to many, ripe for investment. Increased internet usage, despite Latin American countries barely featuring among the countries with the highest internet penetration rates, and increased mobile phone usage, combined with governments providing additional incentives to the tech industry are all leading to a burgeoning sector.