Latin America Seeks Innovation Boost: Top Countries and Companies Adopting New Technologies

Latin America lags behind other regions in technology adoption and innovation due to lack of infrastructure and skills. However, countries are trying to reform policies to drive innovation.

Top innovative companies in the region include fintech firm Nu Holdings, oil company Petrobras, and mining giant Vale. These companies are adopting new technologies.

The 10 most innovative economies are ranked using metrics like R&D spending, high-tech exports, and digital adoption index.

Paraguay, Guatemala, El Salvador, Peru, and Uruguay are ranked from 10th to 6th as innovative regional economies.

The top 5 most innovative economies in Central and South America are revealed at the end of the article.