The average internet speed in South Korea is 21.1Mbps. An incredible 80.5% of connections have an average speed faster than 10Mbps (almost double the global average internet speed). Quick fact: South Korea was the first country to complete the upgrade from dial-up internet to broadband.

South Korea is followed by another South Asian nation, Hong Kong. The former British colony has an average internet speed of 20.1 Mbps. This is a 3.4% increase from the previous year.

Norway comes close on the heels of Hong Kong with an average speed of 20.0 Mbps. This speed is a drop of -0.2% than its last year record.

Norway's next door neighbour Sweden takes up the fourth spot. The Scandinavian country averages 19.7 Mbps of internet speed. The 19.7 Mbps mark is a significant jump from its last year 15.1 Mbps speed.

The mountainous Central European country of Switzerland takes was ranked fifth. The Swiss enjoy an average speed of 18.4 Mbps.

Another former British colony takes the sixth spot, this time it's Singapore. The island city-state's citizens enjoy 18.2 Mbps speed. Like Norway, Singapore has also made a significant jump in the internet speed this year. Last year, Singapore's average speed was 13 Mbps.

World's fourth largest economy, Japan sits on the seventh spot with an average speed of 18.0 Mbps. Like Singapore and Norway, Japan has also given a significant boost in the internet speed. the pop culture capital of Asia has increased the speed by 5 percent from last year.

Northern European nation of Finland is ranked at the eight spot. Finnish citizens enjoy an average speed of 17.6 Mbps. Quick fact: Finland has the same average speed for the past two years.

Finland is followed by another Northern European nation, Netherlands. It has an average internet speed of 17.3 Mbps.

The final spot was clinched by Latvia. Latvia has an average internet speed of 16.9 Mbps. However, Latvia is considered to be the biggest loser in this list. The Baltic country enjoyed an average internet speed of  19.5 Mbps in 2015.