Whether you’re a serious location independent entrepreneur, running a local business, or just a casual surfer, slow internet is a pain.
Heck, it’s bad for business.
As a perpetual traveler, I occasionally get stuck in a hotel with poor internet speeds, which causes me great frustration. However, internet around the world is typically much better than you think – and even emerging countries have some of the fastest internet speeds. Studies have determined which countries have the fastest internet speeds.
While Americans often make fun of other countries for their allegedly lesser service offerings, the United States does not rank on this list of countries with the fastest internet speeds. In fact, Asia and eastern Europe dominate the list. To learn how the US ranks, read on…
Top 5 Countries with the fastest internet speeds in the world
Mark down another reason to prefer smaller countries: faster internet. Latvia is more than just a great place to live or start a business. Due to its relatively small size, Latvia had an easy time piping fast internet out to most of the country. While some eurozone countries are barely meeting the global average, Latvia defies its image as a developing country (albeit an advanced one) by providing some of the fastest internet speeds in Europe. In fact, no country in wealthier western Europe beat them. Neighboring Lithuania also performs relatively well.
4. South Korea
South Korea has dropped a few spots from its previous number-two ranking. However, the country still boasts some of the world’s fastest internet, including speeds 65% faster than the United States. South Korea is also one of the most aggressive countries in targeting gigabit speeds for its internet users. Freedom House suggests that despite these high speeds, internet users are not completely free when surfing in South Korea, suggesting bloggers have been arrested as internet freedom in general declines worldwide.
Don’t judge this country by its less advanced neighbors such as Moldova. Romania is Europe’s emerging internet hosting destination, with plenty of companies setting up their web host in this eastern European jurisdiction to benefit from super-fast speed and affordable labor costs. Romania has some of the world’s fastest download speeds, with an average of 47.9 megabits per second; in fact, it recorded the worlds single fastest download earlier in 2013.
Serious internet users can access speeds up to 200 megabits per second in Romania. While every household in the EU can get internet access, Romanians have an 85% penetration rate for in-home internet access.
Would you expect any less from tech-savvy Japan? High-speed fiber optics run throughout the country, enabling some of the world’s fastest internet speeds. Peak speeds in Japan are nearly triple the global average for internet users. But the country known for its human-like robots and other cutting-edge technology isn’t content with its current speeds – not by a long shot.
Japan is one of the countries working on 100Gbps internet using advanced “optical packet switching technology”. For now, one Japanese internet provider is offering 2Gbps speeds – twice the pace of Google Fiber – for about $50 a month. That makes it the world’s fastest commercially available internet service.
1. Hong Kong
Hong Kong is no slouch when it comes to providing top-notch services to its tech-savvy residents. That’s why it’s no surprise that the hyper-dense Special Administrative Region of China dominates the list of countries with fastest internet speeds. In fact, it was the first country to break the 60Mbps speed barrier. Hong Kong’s average speed of 64 megabits per second is more than triple the global average.
I can speak to this myself. Earlier this year, I downloaded an entire hourlong TV episode from iTunes in just 86 seconds (yeah, I timed it).
Internet speeds in Hong Kong increased as much as 29% over the previous year, as well. It’s all thanks to Hong Kong’s commitment to “Fiber To The Home” service and companies’ use of aggressive high-speed internet pricing.
How do internet speeds in the United States compare? In case you’re still wondering, the United States ranked eleventh on the overall list of countries with fastest internet speeds. That’s an improvement from fourteenth in a previous year, with the 36 megabit-per-second speed clocking at almost double the global average.
However, experts say US internet service is “overpriced and slow” among tech-savvy nations. At least US internet speeds aren’t as slow as those in the Congo, which suffers from the world’s slowest download speeds, at just 13Kbps. Somebody go back to 1996 and get those guys a 56K modem. (They are, however, making progress.)
Have you had a positive (or negative) experience with internet speeds while traveling or living abroad? Share it in the comments below.
Nomad Capitalist editor Andrew Henderson has put together a no-holds-barred Strategy Session with the most important things you need to know about international diversification. If you want to get "the Millionaire's Toolkit" of offshore strategies, CLICK HERE to get the free Strategy Session
Latest posts by Andrew Henderson (see all)
- Imagine paying 100% tax rates on your income - November 20, 2015
- The fee to get rid of US citizenship just went up (again) - November 16, 2015
- How the SPECTRE surveillance state could bankrupt you - November 13, 2015