LIST OF TOP 25 DEVELOPED AND DEVELOPING COUNTRIES IN THE WORLD.

LIST OF TOP 25 DEVELOPED AND DEVELOPING COUNTRIES IN THE WORLD. The aim of this article is to emphasize on LIST OF TOP DEVELOPED AND DEVELOPING COUNTRIES IN THE WORLD. Meaning of a developed nation, meaning of a developing nation, countries with the highest GDP per capita, meaning of HDI and more.

Its hard to decide the best way to differentiate between developed and developing countries. Though, gross domestic product (GDP) is among the famous worth for determining economic wealth, many other metrics can  be used to measure the development of a nation. Although, the capacity of some are more precise than others. But not one of them is essentially incorrect to use. Futhermore, to make issues more difficult some countries are big,  large organization that can not be well classified. Therefore, there are various nations that display features of more than a one group.

Professionals have not concurred  on a definite explanation. For example, the United Nations (UN) categorizes countries as either developed economies, economies in transformation, or developing economies. Though it does not identify its reasons for applying these organization other than that they “review essential economic country situations. The International Monetary Fund (IMF), on the other hand, gets some various points into record while deciding if a nation is a developed economy. An arising market and developing economy, or a low-income developing nation . The World Bank uses gross national income (GNI) per capita for  assessments, and it has four groups. They include: high-income economies, upper middle-income economies, lower middle-income economies, and low-income economies.

This metric was selected to show how nations meeting the conventional standard for being “rich” can be seen as developing. That said, countries listed below have been categorized based on the UN’s principle because its division method is the nearest to our description of “developed” and “developing.”

KEY POINTS

  • Developed or developing countries can be assessed according to the gross domestic product (GDP). Or gross national income (GNI) per capita, the degree of mechanization, the popular principle of living, and the amount of technical development, among many other capacity factors.
  • Based on the United Nations (UN), a nation’s growth rate is determined by its “fundamental economic country situation.”
  • The United Nations created a metric, The human development index (HDI) that’s used to analyze the social and economic development height of countries based on life longing, educational achievement, and income, which helps as a substitute means of analyzing a nation’s development level.
  • The United States was the wealthiest developed country in the world in 2019, with a total GDP of $21,433.23 billion.
  • China as a developing country in 2019, was the wealthiest, with a total GDP of $14,279.94 billion.


MEANING OF A DEVELOPED NATION

There are specific social and economic standards that determines whether country is “developed”. Developed nation can be described as having enough developed economy. Where these metrics are not sufficient. Other factors are included but are not limited to a country’s GDP/GNI per capita. Its degree of mechanization, its popular principle If living, and the quantity of technical development it has. These aspects are generally interconnected (i.e., The quantity of GDP produced by a country is determined by the level of accessible technology, etc.).

In 2020, UN certified  35 countries  “developed.” The developed countries are found in either North America, Europe, or “Developed Asia and Pacific.

The aim of this article is to emphasize on LIST OF TOP DEVELOPED AND DEVELOPING COUNTRIES IN THE WORLD. Meaning of a developed nation, meaning of a developing nation, countries with the highest GDP per capita, meaning of HDI and more.

There are common characteristics shared among Developed countries :

  • Their natality and mortality rates are stable. They don’t have  high natality rates because, of their good medical care and their living standards are high,  infant mortality rates are low. Because of the probability that some won’t live, families do not feel the necessity to have large numbers of kids.
  • They have career-oriented women (working women).  They may decide to have lesser families or give up having children completely.
  • Excessive quantity of the world’s resources are used by them. In developed countries, more people make use of cars, airplanes, and power their homes with electricity and gas. Citizens of developing countries frequently do not have access to technologies that need the use of these resources.
  • Their debt rate is very high. They have higher levels of debt. Nations with developed economies have  clearly deep financing than nations with developing economies.

MEANING OF A DEVELOPING NATION

A nation is generally regarded to be “developing” if it doesn’t meet the above-listed social and economic standards. In addition, these are always countries with a poor income, poorly developed industrial system, a poor principle of living, and no link to modern technology. As a result, developing nations are often affected by a lack of employment, food, clean drinking water, education, medical care, and housing

In 2020, UN certified, 126 countries”developing”.According to the UN, in 2020, 126 countries were considered “developing.” The developing countries are found in either Africa, Asia, or Latin America and the Caribbean.

As a result of stated disparities, countries like Mexico, Greece, and Turkey are taken to be developed by some establishments and developing by others.

The right to obtain development help by a country is decided by the level of development. Under the laws of a multilateral or bilateral agency, such as the World Trade Organization (WTO). This is probably the main reason, why there are several different explanations of “developed” and “developing,” as each establishment has diverse qualifications for what should make up the final in order to obtain their help.

For example, in 2016, the World Bank declared that it will no longer differentiate between developing and developed countries. Because the conditions are no longer important. This is the reason the terms is unreliable, as this binary is often insufficient for classifying large, difficult areas.

The aim of this article is to emphasize on LIST OF TOP DEVELOPED AND DEVELOPING COUNTRIES IN THE WORLD. Meaning of a developed nation, meaning of a developing nation, countries with the highest GDP per capita, meaning of HDI and more.

COUNTRIES WITH THE HIGHEST GDP PER CAPITA

The analysis of a nation’s GDP includes all private and public utilization. overnment expenditures, investments, additions to private indexes, paid-in construction expenses, and the external balance of trade. GDP is the total financial or market price of all the produced goods and services within the country in a definite time frame.

Though helpful for obtaining an image of the world’s economic powerhouses, this metric by itself is generally not sufficient. Each country must have a different population. Meaning, considering GDP only can alter the truth and be so clear to be useless. However, a nation as large as China, with a total population of 1.4 billion have a larger GDP than country like Ireland, with its total population of 4.9 million.

GDP per capita is an important statistics for demonstrating how a theoretical middle citizen might feel a nation’s economic outcome. GDP per capita, a total of all the goods and services produced in a country in a year (as illustrated in U.S. dollars). Is a helpful metric for differentiating developed countries from developing ones. The GDP per capita is obtained by dividing a country’s GDP by total population.

For instance, the population of China is estimated at 285 times larger than the population of Ireland. Still, an ordinary Irish person ($78,779) is about eight times richer than their Chinese equal ($10,216.60). Notwithstanding that their country is much smaller. The countries with the highest GDP per capita are always those with an uncommon concentration of wealth.

MEANING OF HDI

The human development index (HDI), is another measuring device created by the UN as a metric to analyze the social and economic development statuses of a country. HDI measures life expectancy, educational achievement, and income into a systematic number between zero and one; the nearer to one, indicates that the country is advanced. Most developed countries have HDIs of 0.8 or higher, and there is no minimal requirement for developed status.

The aspect of life span of HDI is measured at the time of birth. It is equal to zero when life expectancy is 20 and equal to one when life expectancy is 85. Education is calculated based on the mean years of schooling for citizens of a country. And the typical years of schooling that a child has at the average age for starting school. Lastly, the metric selected to represent the principle of living is GNI (gross national income) per capita based on purchasing power parity (PPP).

It is important for checking the effect of policy choice of each nation. For instance, if two countries have an estimated GNI per capita that are the same but HDI score that are widely different, this indicate that these discrepancies results from policies on life desire, educational achievement or other factors that are not related to economic health.

These metrics has no minimum or maximum set that exist. Economist pass their judgement base on the totality of a country’s situation.

The aim of this article is to emphasize on LIST OF TOP DEVELOPED AND DEVELOPING COUNTRIES IN THE WORLD. Meaning of a developed nation, meaning of a developing nation, countries with the highest GDP per capita, meaning of HDI and more.

TOP 25 COUNTRIES DEVELOPMENT STANDARDS BY GDP

Below is the survey of the development standard of the top 25 countries by GDP as of 2019 arranged in alphabetical order. In this survey, 14 countries are assessed ‘developed’, 10 are ‘developing’ and one is ‘in transition’.

AUSTRALIA
  • GDP (2019): $1,396.57 billion21
  • Population (2019): 25.36 million16
  • GDP per Capita (2019): $55,057.217
  • HDI (2020): 0.94418

Australia is among the developed country. It is highly industrialized and provide quality health care do the larger percentage of its citizens. According to the organization for Economic Cooperation and Development (OECD), Australia has a higher quality of life than other countries. It is one of the wealthiest nation in Asia- Pacific with 20 years of economic growth. It has a high average life span of 85 years which can be credited to its quality healthcare system. In fact death rate is three per 1000 live births, which is the lowest rate in the world as of 2019.

The aim of this article is to emphasize on LIST OF TOP DEVELOPED AND DEVELOPING COUNTRIES IN THE WORLD. Meaning of a developed nation, meaning of a developing nation, countries with the highest GDP per capita, meaning of HDI and more.

BELGIUM
  • GDP (2019): $533.10 billion21
  • Population (2019): 11.50 million16
  • GDP per Capita (2019): $46,345.417
  • HDI (2020): 0.93118

Is a developed country, the first among many European country with a higher quality of life. Life span (81.6 years from birth) its infant death rate 10 per 1000 live birth and have more educational length (19.8 years of schooling) than the rest of the world. The service sector (69.74%) accounted for the largest percentage of the country’s GDP in 2019. Belgium are not blessed with enough natural resources, this account for its dependent on importation of raw materials. Its geographical location, highly developed transport network and transformed industrial and commercial system makes the country to be a major exporter of manufactured goods.

BRAZIL
  • GDP (2019): $1,839.76 billion
  • Population (2019): 211.05 million16
  • GDP per Capita (2019): $8,717.2
  • HDI (2020): 0.765


It is a developing country, though it has features of a developed nation, which include the largest economy in South America or Central America. Due to its lower GDP per capita, higher infant death rate and other factors made it to be rated as a developing country. Many factors like; lack of clean water, inadequate healthcare system, in rural areas, poor housing conditions in many regions and substandard diet contributed to these rating. Average life span of a Brazilian is at 76 years since birth as of 2019 and is ranked higher than some other developing countries, although it is above the world average of 75 years.

The aim of this article is to emphasize on LIST OF TOP DEVELOPED AND DEVELOPING COUNTRIES IN THE WORLD. Meaning of a developed nation, meaning of a developing nation, countries with the highest GDP per capita, meaning of HDI and more.

CANADA

  • GDP (2019): $1,736.42 billion21
  • Population (2019): 37.59 million16
  • GDP per Capita (2019): $46,189.717
  • HDI (2020): 0.92918

It is a developed country, on the basis of GDP. It is the 10th largest world economy. Canada has different economic base. It is endowed with natural resources like oil, gas and coal. This enables the country to back its own energy needs and also export natural resources to other countries. Despite this, Canada is also a world leader in the production and use of renewable energy sources, which provide an estimate of 18.9% of the country’s total energy supply, current water account for 59.3% of its electricity. Its closeness to USA and a good exchange rate has created a favorable manufacturing atmosphere in the country. All residents have access to free medical care through a government-provided program. A Canadians average life span is at 82 years as of 2019, and its infant death rate was 10 deaths per 1000 live birth.

CHINA

  • GDP (2019): $14,279.94 billion
  • Population (2019): 1,397.71 million
  • GDP per Capita (2019): $10,216.6
  • HDI (2020): 0.761

It is a developing country. Though it has the world’s second-largest economy and single largest military. Based on the standards of most organizations, China is still rated as a developing country. Its lowest GDPs per capita and dependency on agriculture shows that China is still developing. Although, 7.7% of China’s total GDP was derived from agriculture as of 2020. Average Life span of a Chinese was 77 years and its infant death rate was 11 per 1000 live births.

FRANCE

  • GDP (2019): $2,715.52 billion21
  • Population (2019): 67.05 million16
  • GDP per Capita (2019): $40,496.417
  • HDI (2020): 0.90118

It is a developed country, and is one of the world’s economic powerhouse. France has the seventh-largest economy by GDP as of 2019. The country has advantage of diverse economy which include tourism, manufacturing, and pharmaceuticals. Many important companies are either partially or fully privatized by French government, though it controls its power, public transport and defense sectors. French citizens enjoy an average life span of 83 years as of 2019; and it has a low infant death rate of 4 per 1000 live birth. Their healthcare system combines with access to free medical care. In addition, rate of unemployment in France is at 8.34% and has been moving downward.

GERMANY

  • GDP (2019): $3,861.12 billion21
  • Population (2019): 83.09 million16
  • GDP per Capita (2019): $46,467.517
  • HDI (2020): 0.94718

It is a developed country. With a highly skilled labor force that account for its development. The country has the strongest economy in Europe and is he fourth-largest economy in the world. Germany is known for its high quality products, which include machinery, motor vehicles, electronics and pharmaceuticals. The country was second to China as the world’s largest surplus economy, with its exported products greater than its imported products as of 2019. Life span for a German is 81 years since birth as of 2019, infant death rate is 3 per 1000 live birth. Their citizens have access to free healthcare. And All Germans belong to a not-for–profit sickness fund which covers most important medical system and medications. In 2017, about 0.3% of Germany’s population reported medically unattended.

INDIA

  • GDP (2019): $2,868.93 billion21
  • Population (2019): 1,366.42 million16
  • GDP per Capita (2019): $2,099.617
  • HDI (2020): 0.64518

It is a developing country. And unusually wealthy. Ranked fifth in total GDP. Highly populated like China which leads to a low GDP per capita. India is rated as one of the newly industrialized nation and the fastest developing countries on Earth. But, the country is still struggling with poverty, poor water and sanitation and over population. The country accommodate various kind of economy, including traditional farming to contemporary agriculture and handicraft to a wide range of industrial products. It has a large and well-educated English-speaking population. It is a major exporter of IT services, business outsourcing services and software workers. India had a life span of 70 years since birth and an infant death death rate of 28 death per 1000 live births.

The aim of this article is to emphasize on LIST OF TOP DEVELOPED AND DEVELOPING COUNTRIES IN THE WORLD. Meaning of a developed nation, meaning of a developing nation, countries with the highest GDP per capita, meaning of HDI and more.

INDONESIA

  • GDP (2019): $1,119.19 billion21
  • Population (2019): 270.62 million16
  • GDP per Capita (2019): $4,135.617
  • HDI (2020): 0.71818

It is a developing country. And is the world’s most populous Muslim-majority country. It has the largest economy in Southeast Asia. Key exports for the nation include rubber, animal and vegetable fat, mineral fuels, machinery, electrical machinery and mechanical appliance parts. Indonesia is located within the Pacific Ring of Fire which is responsible for 90% of earthquakes and has 75% of the world’s active volcanos. Despite natural disaster hazards, the country is also confronted with challenges common to developing countries, 24 million Indonesians lacking clean water, 38 million not having access to improved sanitation facilities and 19.4 million with substandard diets. It had a life span of 72 years since birth as of 2019, and infant death rate of 20 death per 1000 live birth.

ITALY

  • GDP (2019): $2,003.58 billion21
  • Population (2019): 60.30 million16
  • GDP per Capita (2019): $33,225.617
  • HDI (2020): 0.89218

It is a developed country. Italy has a well developed manufacturing industry. As a result, I is ranked seventh on the Earth according to the world Economic Forum. The country is known for producing high-quality expensive products, such as fashion accessories, expensive cars, and food products. Almost 71% of the population are employed in the service sector, while 3.5% work in agriculture which indicate that the country is developed. An estimated 2.28% of the planets entire wealth is accounted to Italy and as a result ranked eighth in the world for total GDP. The commercial banking industry of today had its origin from Italy, and the nation’s largest financial service company, Intesa Sanpaolo is ranked on the Fortune 500 list. The country average life span was 83 years from birth, infant death rate was 7 death per 1000 live birth as of 2019.

JAPAN

  • GDP (2019): $5,081.77 billion21
  • Population (2019): 126.26 million16
  • GDP per Capita (2019): $40,246.917
  • HDI (2020): 0.91918

It is a developed country. Japan is smaller in size compared to other economically healthy countries, such as Germany or France. The country is the third richest nation on Earth in terms of total GDP. In 2019, more than 72% of the nation’s workforce was in the service sector and only 3% was in agriculture. The country is highly dependent on importation of natural resources. Japan is the largest net buyer of food products, largest importer of liquefied natural gas (LNG) and the third-largest coal importer. The average life span of a Japanese is 84 years from birth and low infant death rate of two death per 1000 live birth.

MEXICO

  • GDP (2019): $1,268.87 billion21
  • Population (2019): 127.57 million16
  • GDP per Capita (2019): $9,94617
  • HDI (2020): 0.77918

It is a developing country. Their development position is higher than any developing country in the world in terms of economic and quality-of-life measurement. However, Mexico’s economy does not depend on agriculture, only about 3.47% while larger percentage of the economy rely on services and industry. Many other factors that are in place which don’t meet-up acceptable standard for developed nation. Life span of 75 years since birth, as of 2019, positioned Mexico higher than most developing countries, but still below it’s north American neighbors. Also, infant death rate was 12 per 1000 live births. However, Mexico is very poor, no quality healthcare and has limited access to clean water.

The Netherlands

  • GDP (2019): $907.05 billion
  • Population (2019): 17.34 million
  • GDP per Capita (2019): $52,295
  • HDI (2020): 0.944

The nation is developed. It has a strong and healthy economy with a high standard of living for it’s residents. The Netherlands had a Life span of 82 years since birth and infant death rate of 4 deaths per 1000 live births as of 2019. The nation is doing well in providing it’s citizens with the necessary for materials to build a high quality life. However, the country is below average in environmental quality. The health and life span for residents compete with other developed countries. They are also rated very high in terms of work/life balance, with less than 0.4% of the population working longer hours in comparison with the global average of 11%.

Nigeria

  • GDP (2019): $448.12 billion
  • Population (2019): 200.96 million
  • GDP per Capita (2019): $2,229.9
  • HDI (2020): 0.539

This is a developing country. The country’s GDP is too low as well as their living standard, for it to be ranked as a developed nation. Though it has the largest economy in Africa, industrialization in Nigeria is very slow behind major economies. The literacy rate is very low, approximately 62% as of 2018 and poor healthcare system. Poverty rate of 40.1% in 2019, and the larger percentage of the population lack access to clean water. The infant death rate in Nigeria was 74 per 1000 live birth while the life span rate was low 55 years since birth.

Poland

  • GDP (2019): $595.86 billion
  • Population (2019): 37.96 million
  • GDP per Capita (2019): $15,694.7
  • HDI (2020): 0.88

It is a developed country. Poland is the sixth largest country in the EU by GDP as of 2019. It was under Soviet Union until 1989. The country has been transformed into a democratic and market-oriented economy. It’s economy is very strong. Poland citizens enjoy access to free healthcare and higher education. The country’s infant death rate was 4 per 1000 live births and life span rate was 78 years since birth as of 2019. It also has 16 properties recognized on the UNESCO World Heritage List.

The aim of this article is to emphasize on LIST OF TOP DEVELOPED AND DEVELOPING COUNTRIES IN THE WORLD. Meaning of a developed nation, meaning of a developing nation, countries with the highest GDP per capita, meaning of HDI and more.

Russia

  • GDP (2019): $1,699.88 billion
  • Population (2019): 144.41 million
  • GDP per Capita (2019): $11,585
  • HDI (2020): 0.824

This is a country transition. Currently not ranked as a developed country, but once ruled alongside the United States as a World Superpower. It’s economy collapsed after the Soviet union was disintegrated in 1991. However, low oil prices, the cost of Russia’s illegal occupation of Crimea, and its effort to build a stronger military force have affected the country’s finances badly. Poverty rate is very high and living standards low. Russia’s economy depend much on exportation of natural resources. The country is in between the acceptable levels for developed-nation status. It’s infant death rate is 5 per 1000 and life span is 73 years since birth, below the global average of 75.

Saudi Arabia

  • GDP (2019): $792.97 billion
  • Population (2019): 34.27 million
  • GDP per Capita (2019): $23,139.8
  • HDI (2020): 0.854

Is a developing country. When it is considered on purely monetary level, Saudi Arabia is more successful than other developing countries. Saudi has the largest economy in the Middle East in terms of GDP in 2019, but it’s economy are not diversified. More than 85% of government revenue is generated from oil exports, which make Saudi Arabia the world’s largest exporter of petroleum. In addition, report of Amnesty International in 2020, condemned its government for numerous human rights abuses, nearly all notable Saudi Arabian human rights defenders within the country are either detained or imprisoned. Three women’s rights activists have been conditionally released and are restricted to travel or speak freely, as of 2021. Average life span for Saudi Arabians was 75 years since birth as of 2019, and infant death rate of 6 death per 1000 live births.

South Korea

  • GDP (2019): $1,646.74 billion
  • Population (2019): 51.71 million
  • GDP per Capita (2019): $31,846.2
  • HDI (2020): 0.916

It is a developing country. The country has a strong GDP and it’s citizens enjoys access to quality healthcare and higher education. Based on many years of rapid economic growth and global integration, South Korea has acquire high-technology and it is industrialized. Most of it’s important sector being electronics, telecommunications, automobile production, chemicals, shipbuilding and steel. This means that the country depend on exports and is now facing other major challenges, such as an aging population and low worker productivity. It’s life span as of 2019 was 83 years since birth. Infant death rate was 3 per 1000 live births.

Spain

  • GDP (2019): $1,393.49 billion
  • Population (2019): 47.13 million
  • GDP per Capita (2019): $29,564.7
  • HDI (2020): 0.904

The country is developed. It has a strong GDP, literacy rate of almost 100% and has one of the best healthcare system in the world. Spain returned to a Democratic government in 1975 and since then become the eurozone’s fourth-largest economy. It has different industries including manufacturing, financial services, pharmaceuticals, textiles and apparel, footwear, chemicals and tourism. Their infant death rate and life span are wonderful, and approximate death rate is 3 per 1000 live births and an Spainiard life span as of 2019 was 83 years from birth.

Sweden

  • GDP (2019): $530.88 billion
  • Population (2019): 10.28 million
  • GDP per Capita (2019): $51,648
  • HDI (2020): 0.945

Is one of the most highly developed post-industrial societies in the world. It’s life span is currently 83 years since birth, between 1980 and 2019 it increased by 8 years. Infant death rate has dropped from 7 per 1000 live births to 2 during the same period. Despite its highest income tax rate, the country’s standard of living is high with low unemployment rate of about 9% in 2021. However, the citizens have free assess to free healthcare and higher education. Average citizen of the country enjoys close to 20 years of education. Sweden also places great importance on environmental protections.

The aim of this article is to emphasize on LIST OF TOP DEVELOPED AND DEVELOPING COUNTRIES IN THE WORLD. Meaning of a developed nation, meaning of a developing nation, countries with the highest GDP per capita, meaning of HDI and more.

Switzerland

  • GDP (2019): $703.08 billion
  • Population (2019): 8.57 million
  • GDP per Capita (2019): $81,989.4
  • HDI (2020): 0.955

Is a developed country. The country had the fourth highest GDP per capita and the highest of any country listed in 2019 by World Bank. This is due to it’s highly skilled labour force which helps to make up its smaller population. Financial services, precision manufacturing, metals, pharmaceuticals, chemicals and electronics are the country’s largest economic sectors. Switzerland, enjoys universal healthcare coverage. The country’s average life span was 84 years and infant death rate was 10 per 1000 live births as of 2019.

Thailand

  • GDP (2019): $543.55 billion
  • Population (2019): 69.62 million
  • GDP per Capita (2019): $7,806.7
  • HDI (2020): 0.777

This is a developing nation. It has the second-largest economy in South East Asia. The country has a free-market economy, with a well developed infrastructure. Two-thirds of the country’s GDP is from exports of electronics, agricultural commodities, automobiles and parts, processed foods etc. The country has moved from a low-income to an upper-income by making enough progress in social and economic development over the last four decades. It become a constitutional monarchy in 1932 and have had 19 military coups since then. Recently, Thailand is experiencing pro-democracy protest since February 2020.

The aim of this article is to emphasize on LIST OF TOP DEVELOPED AND DEVELOPING COUNTRIES IN THE WORLD. Meaning of a developed nation, meaning of a developing nation, countries with the highest GDP per capita, meaning of HDI and more.

Turkey

  • GDP (2019): $761.42 billion
  • Population (2019): 83.43 million
  • GDP per Capita (2019): $9,126.6
  • HDI (2020): 0.82

This is a developing country. It is a good example of a country that stands between the line of developed and developing country. The UN has before ranked it as develops country. But today, most groups, including Turkey itself has accepted that the country is a developing nation based on their economic status. The country’s GDP, infant death rate, and life expectancy doesn’t hit the acceptable level for developed-nation status. Infant death rate was 28 per 1000 live birth and the country’s life span was 72 years from birth as of 2019.

United Kingdom

  • GDP (2019): $2,829.11 billion
  • Population (2019): 66.84 million
  • GDP per Capita (2019): $42,328.9
  • HDI (2020): 0.932

This a developed country. It is the SIXTH largest country by GDP in 2019, with Great Britain as the first industrialized country in the world. The GDP growth depend on the services sector mainly banking, insurance and business services. British citizens in 2016 decided to leave European Union in a vote known as Brexit. And on January 31st 2020, UK finally left the EU without a proper trade agreement between the two groups, until April 28, 2021 when a provisional one was officially accepted by the European Parliament. Life span of the country citizen was 81 years and infant death rate was 11 per 1000 live births as of 2019.

United States

  • GDP (2019): $21,433.23 billion
  • Population (2019): 328.24 million
  • GDP per Capita (2019): $65,297.5
  • HDI (2020): 0.926

Is a developed nation. In term of GDP, United States was the richest country on earth as of 2019. It has 16% of the world’s entire wealth. The country is both the largest goods importer and the second largest exporter, which make it the world’s largest trading nation. In addition, America has the third-largest military in terms of personal-second only to India. In spite of its wealth and high HDI score, the nation is under heavy criticism for traits as seen in developing nations. It is the only developed country without universal healthcare, the poverty rate is higher than any other developed country. And it’s infrastructure in serious need of repair and over haul. It’s country’s average life span was 79 years from birth and infant death rate was 11 death per 1000 live birth as of 2019.

The aim of this article is to emphasize on LIST OF TOP DEVELOPED AND DEVELOPING COUNTRIES IN THE WORLD. Meaning of a developed nation, meaning of a developing nation, countries with the highest GDP per capita, meaning of HDI and more.

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