Who is developed country

We therefore urgently need a new vision of what the goal of development is — a truly developed country has both the means and the will to take care of all its citizens , in good times as well as in crises. By Dr. Like Like. You are commenting using your WordPress. You are commenting using your Google account. You are commenting using your Twitter account. You are commenting using your Facebook account.

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Email required Address never made public. Name required. Follow Following. Developing Economics Join 14, other followers. This index is useful for examining the impact of policy choices made by each nation.

For example, if two countries have approximately the same GNI per capita but wildly different HDI scores, then it stands to reason that these disparities could stem from policies regarding life expectancy, educational attainment, or another factor unrelated to economic health. It's important to remember no set minimums or maximums exist for these metrics.

Economists look at the totality of a country's situation before rendering judgment, and they do not always agree on a country's development status. Here is our analysis of the development status of the top 25 countries by GDP as of , organized alphabetically. Of this total, 14 countries are considered "developed," 10 are considered "developing," and one is considered "in transition. Australia is a developed country.

The Land Down Under has widespread industrialization and provides quality healthcare for the majority of its citizens. Belgium is a developed country. The Kingdom of Belgium is the first among several European countries on this list to have a higher quality of life 6. However, given its central geographic location, highly developed transport network, and diversified industrial and commercial base, the country is well suited to act as a major exporter of manufactured goods.

Brazil is a developing country. Though it has several characteristics of a developed nation, including the largest economy in South America or Central America, Brazil is still considered a developing country due to its lower GDP per capita, higher infant mortality rate, and other factors.

Canada is a developed country. As the 10th-largest world economy on the basis of GDP, Canada has a diverse economic base. China is a developing country. Despite having the world's second-largest economy and the single largest military, China is still not classified as a developed country by the criteria of most organizations. France is a developed country. The French Republic is one of the world's economic powerhouses. As of , France has the seventh-largest economy by GDP. The French government has partially or fully privatized many prominent companies, though it maintains a strong presence in its power, public transport, and defense sectors.

Germany is a developed country. Driven by its highly skilled labor force, Germany is Europe's strongest economy , and it is the fourth-largest economy in the world.

All Germans must belong to a not-for-profit sickness fund that covers most necessary medical procedures and medications. Just 0. India is a developing country. Although India is an exceptionally wealthy country ranked fifth in terms of overall GDP , like China, its high population results in a rather low GDP per capita.

Thanks to a large and well-educated English-speaking population, India is a major exporter of IT services, business outsourcing services, and software workers. Indonesia is a developing country. The Republic of Indonesia is the world's most populous Muslim-majority country and Southeast Asia's largest economy.

The nation's key exports include rubber, animal and vegetable fat, mineral fuels, machinery, electrical machinery, and mechanical appliance parts. Italy is a developed country. Italy's manufacturing industry is very well developed, and it is ranked seventh on Earth according to the World Economic Forum. Japan is a developed country. Despite its smaller size compared to other economically healthy countries, such as Germany or France, Japan is the third wealthiest nation on Earth in terms of overall GDP.

Mexico is a developing country. Mexico's development status is despite the fact that it exceeds the majority of its peers in the developing world on most economic and quality-of-life metrics. In fact, as of , Mexico's economy wasn't heavily reliant on agriculture, at just 3.

A life expectancy of 75 years since birth, as of , ranks Mexico higher than most developing countries, but it still falls below its North American neighbors.

The Netherlands is a developed country. This nation demonstrates relative strength across all the metrics and combines a robust economy with a high standard of living for the majority of its residents.

Although the country is below average in environmental quality, the health and life expectancy for residents are in line with other developed countries. Nigeria is a developing country. The Federal Republic of Nigeria's GDP is far too low, as are the country's living standards, for it to be considered a developed nation. Poland is a developed country. Russia is a country in transition. Russia is not currently classified as a developed country, though it once reigned alongside the United States as a world superpower.

As is typical of a non-developed country, the exportation of natural resources fuels much of Russia's economy. Its infant mortality rate is five per 1,, while life expectancy is 73 years since birth, below the global average of Saudi Arabia is a developing country. On a purely monetary level, the Kingdom of Saudi Arabia is rather successful when compared to other developing countries.

It was the largest economy in the Middle East in terms of GDP in ; however, its economy lacks diversification. South Korea is a developing country. The country has a strong GDP and offers its citizens widespread access to quality healthcare and higher education. That said, the country is reliant on exports and is currently facing other major challenges, such as an aging population and low worker productivity.

Spain is a developed country. Nearly all organizations that analyze development status classify Spain as such. Sweden is a developed country.

Sweden is one of the most highly developed post-industrial societies in the world. Sweden's life expectancy—now at nearly 83 years since birth—increased by eight years between and , while infant mortality has dropped from seven deaths per 1, live births to two during the same period.

Switzerland is a developed country. According to the World Bank, of countries listed for , Switzerland had the fourth highest GDP per capita and the highest of any country on this list. Thailand is a developing country. The Kingdom of Thailand is the second-largest economy in Southeast Asia. About two-thirds of the country's GDP is derived from exports of electronics, agricultural commodities, automobiles and parts, processed foods, and other goods.

More recently, pro-democracy protests have been ongoing since Feb. Turkey is a developing country. HDI is set on a scale from 0 to 1, and most developed countries have a score above. HDI can be used to determine the best countries to live in , as more developed countries typically offer their residents a higher quality of life.

Because there are so many factors to consider, defining what countries are developed can be a challenge. Moreover, it's possible for a country to be developed in the view of one institution, but not in the eyes of another.

This is likely due to factors such as Turkey's slightly elevated infant mortality rate 12 per 1, and its citizens' comparatively low life expectancy 75 years.