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A developing country is a sovereign state with a less developed industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category.
Find out which countries are considered developing according to the IMF definition and how they rank in terms of population, GNI per capita and human development index. See the full list of 152 developing countries with data and maps.
- Developed and Developing Countries: An Overview
- Developed vs. Developing Definition
- What Is A Developed country?
- What Is A Developing country?
- Who Gets Development Aid?
- Which Countries Have The Highest GDP Per Capita?
- Another Metric: Human Development Index
- Development Status of The Top 25 Countries by GDP
- The Bottom Line
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It's difficult to determine how best to quantify the difference between developed and developing countries. Although gross domestic product (GDP) is one of the most well-known values for assessing economic health, several other metrics can also be used to gauge a nation's development. While some metrics have the potential to be more accurate than o...
Even experts do not agree on a consistent definition of a developed country. For instance, the United Nations (UN) classifies countries as either developed economies, economies in transition, or developing economies, although it doesn't specify its basis for these groupings other than that they "reflect basic economic country conditions." The Inter...
A nation is typically considered to be developed if it meets certain socioeconomic criteria. In some cases, this can be as simple as having a sufficiently developed economy. Where that isn't adequate, other qualifiers can include but are not limited to a country's GDP/GNI per capita, its level of industrialization, its general standard of living, a...
A nation is typically considered to be developing if it does not meet the socioeconomic criteria listed above. Simply put, these are most often countries with a lower income, an underdeveloped industrial base, a lower standard of living, and a lack of access to modern technology. As a result, developing nations frequently experience a lack of jobs,...
Development status determines which countries have a right to receive development aid under the rules of a multilateral or bilateral agency, such as the World Trade Organization (WTO). This is likely the primary reason why there are so many varied definitions of "developed" versus "developing," as each organization has different qualifications for ...
GDP represents the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. The calculation of a nation's GDP encompasses all private and public consumption, government outlays, investments, additions to private inventories, paid-in construction costs, and the foreign balan...
Another measuring device, the Human Development Index (HDI), was developed by the UN to assess the social and economic development levels of a given country. HDI quantifies life expectancy, educational attainment, and income into a standardized number between zero and one. The closer the number is to one, the more developed the country. No minimum ...
Here is our analysisof the development status of the top 25 countries by GDP, organized alphabetically. Of this total, 15 countries are considered developed, nine are considered developing, and one is considered in transition. All figures are as of 2022 (except where noted), the latest information available.
Developed and developing nations share some common traits. But just because a nation is considered developed, it doesn't mean it is not lacking in certain areas. The same can be said for developing nations, whereby they may be lacking according to some indicators but have noteworthy strengths at the same time. Government policy, foreign trade agree...
Learn how countries are classified as developed or developing based on various criteria, such as GDP per capita, industrialization, and technology. See the list of the 25 countries with the highest GDPs in 2022 and their development statuses.
6 days ago · This web page is about personal finance topics such as investing, retirement, and household finance. It does not contain any information about developing countries or their economic development.
May 29, 2021 · Learn how different criteria, such as GNI per capita, industry, urbanization, life expectancy, and education, are used to define developing countries. Compare the Human Development Index (HDI) of various countries and regions.
A database of cross-country comparable data on development and poverty, with 1,400 indicators for 217 economies. Explore data themes, access data, and download bulk files or API documentation.
May 5, 2022 · Developing countries have economies with low gross domestic product per capita and rely more on agriculture. Learn more about developing countries and how they work.
