List of Developed Countries: A developed country is a sovereign state that has a high quality of life, developed economy and advanced technological infrastructure relative to other less industrialized nations. Economic criteria have tended to dominate discussions. One such criterion is the income per capita; countries with a high gross domestic product (GDP) per capita would thus be described as developed countries. Another economic criterion is industrialisation; countries in which the tertiary and quaternary sectors of industry dominate would thus be described as developed. list of developing countries in the world
More recently another measure, the Human Development Index (HDI), which combines an economic measure, national income, with other measures, indices for life expectancy and education has become prominent. This criterion would define developed countries as those with a very high (HDI) rating. The index, however, does not take into account several factors, such as the net wealth per capita or the relative quality of goods in a country. This situation tends to lower the ranking of some of the most advanced countries, such as the G7 members and others.
एक विकसित देश एक संप्रभु राज्य है जिसमें अन्य कम औद्योगिक राष्ट्रों के सापेक्ष जीवन की उच्च गुणवत्ता, विकसित अर्थव्यवस्था और उन्नत तकनीकी आधारभूत संरचना है। आर्थिक मानदंड चर्चाओं पर हावी हो गए हैं। ऐसा ही एक मानदंड प्रति व्यक्ति आय है; इस प्रकार प्रति व्यक्ति उच्च सकल घरेलू उत्पाद (जीडीपी) वाले देशों को विकसित देशों के रूप में वर्णित किया जाएगा। एक अन्य आर्थिक मानदंड औद्योगीकरण है; जिन देशों में उद्योग के तृतीयक और चतुर्धातुक क्षेत्र हावी हैं, उन्हें इस प्रकार विकसित के रूप में वर्णित किया जाएगा।
हाल ही में एक और उपाय, मानव विकास सूचकांक (एचडीआई), जो एक आर्थिक उपाय, राष्ट्रीय आय, अन्य उपायों के साथ, जीवन प्रत्याशा और शिक्षा के सूचकांकों को जोड़ता है, प्रमुख हो गया है। यह मानदंड विकसित देशों को बहुत उच्च (एचडीआई) रेटिंग वाले देशों के रूप में परिभाषित करेगा। हालाँकि, सूचकांक कई कारकों को ध्यान में नहीं रखता है, जैसे कि प्रति व्यक्ति शुद्ध धन या किसी देश में माल की सापेक्ष गुणवत्ता। यह स्थिति कुछ सबसे उन्नत देशों की रैंकिंग को कम करती है, जैसे कि G7 सदस्य और अन्य list of developed countries in asia
What Is a Developed Nation?
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, and/or the amount of technological infrastructure it has. These factors are typically interconnected (i.e., the level of available technology can impact the amount of GDP a country is capable of generating, etc.
Developed countries typically share several other characteristics:
- Their birth and death rates are stable. They do not have very high birth rates because, thanks to quality medical care and high living standards, infant mortality rates are low. Families do not feel the need to have large numbers of children due to the expectation that some will not survive.
- They have more women working. These career-oriented women may have chosen to have smaller families or eschew having children altogether.
- They use a disproportionate amount of the world’s resources.8 In developed countries, more people drive cars, fly on aeroplanes, and power their homes with electricity and gas. Inhabitants of developing countries often do not have access to technologies that require the use of these resources.
- They have higher levels of debt. Nations with developing economies cannot obtain the kind of seemingly bottomless financing that more developed nations can.
List of 25 Developed Countries
- The Netherlands
- Saudi Arabia
- South Korea
- United Kingdom
- United States
What Is a Developing Country?
- A nation typically still being “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, food, clean drinking water, education, healthcare, and housing.
- According to the UN, in 2020, 126 countries were considered “developing.” All developing countries were located in either Africa, Asia, Latin America or the Caribbean.
- 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” vs. “developing,” as each organization has different qualifications for what should constitute the latter in order to receive their assistance.
- This is also why even the terminology is inconsistent, as this binary is often insufficient for categorizing large, complex territories. For instance, the World Bank announced in 2016 that it would no longer be distinguishing between developing countries and developed countries, due to the terms no longer being considered relevant.
Which Countries Have the Highest GDP per Capita?
- 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 balance of trade.
- While useful for acquiring a snapshot of the world’s economic powerhouses, this metric by itself is typically insufficient. Every country is obviously going to have a different population; which means that looking exclusively at GDP can distort the truth and/or be so obvious as to be meaningless. Of course, a nation as large as China, with a total population of 1.4 billion people, would have a larger GDP than a much smaller country like Ireland; with its total population of 4.9 million.
- GDP per capita is a much more relevant statistic for better illustrating how a hypothetical average citizen might experience a nation’s economic output. And GDP per capita; a tally of all the goods and services produced in a country in one year (as expressed in U.S. dollars); is a useful metric for distinguishing developed countries from developing ones. GDP per capita is calculated by dividing a country’s GDP by its total population.
- For example, the population of China is approximately 283 times larger than the population of Ireland. Yet the typical Irish person ($85,422.50) is nearly eight times richer than their Chinese counterpart ($10,434.80), despite the fact that their country is so much smaller.
- The countries with the highest GDP per capita are often those with an unusual concentration of wealth. list of top 10 developing countries in the world
What Does HDI Mean?
- Another measuring device, the human development index (HDI); was developed by the UN as a metric 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 to one, the more developed the country. No minimum requirement exists for developed status, but most developed countries have HDIs of 0.8 or higher.
- The life expectancy aspect of the HDI is calculated at the time of birth; which is equal to zero when life expectancy is 20 and equal to one when life expectancy is 85. Education measures according to the mean years of schooling; for residents of a country and the expected years of schooling; that a child has at the average age for starting school. Finally, the metric chosen to represent the standard of living is GNI; (gross national income) per capita based on purchasing power parity (PPP).
- 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.
FAQs on List of Developed Countries
Is India a developed country?
India is an emerging and developing country (EDC) found in southern Asia. It is the world’s largest democracy, and one of the world’s fastest-growing economies. In 2013 India was the seventh richest country in the world.
Which is the No 1 developed country?
The United States was the richest developed country on Earth in 2020, with a total GDP of $20.95 trillion.
Is Pakistan a developed country?
Pakistan is a developing country with a semi-industrial economy.
What’s the most unsafe country?
The most dangerous countries to visit in 2022 are Afghanistan; the Central African Republic, Iraq, Libya, Mali, Somalia, South Sudan, Syria and Yemen according to the latest Travel Risk Map; an interactive tool produced by security specialists at International SOS.
Which is the best country in Asia?
Topping our list in the Asian rankings, and the only Asian country in our global Top 10; Thailand rates highly on the continent not only for culture (ranked #2 in Asia) and adventure (ranked #1) but also for providing students with alignment to their career goals after graduation (ranked #5).
एशियाई रैंकिंग में हमारी सूची में शीर्ष पर, और हमारे वैश्विक शीर्ष 10 में एकमात्र एशियाई देश; थाईलैंड न केवल संस्कृति (एशिया में # 2 स्थान पर) और रोमांच (# 1 स्थान पर) के लिए महाद्वीप पर उच्च दर पर है, बल्कि स्नातक (रैंक # 5) के बाद छात्रों को उनके करियर के लक्ष्यों के लिए संरेखण प्रदान करने के लिए भी है। list of developing countries 2020