Developed country

 ( Economic Country Classifications ) 

[[File:IMF advanced economies and UN least developed countries.svg|thumb|420x420px|

World map showing country classifications per the IMF and the United Nations Least Developed Countries () (last updated April 2023). "Developed economies" according to this classification scheme are shown in blue. The map does not include classifications by the World Bank.]]

A developed country, or advanced country, is a sovereign state that has a high quality of life, developed economy, and advanced technological infrastructure relative to other less industrialized nations. Most commonly, the criteria for evaluating the degree of economic development are the gross domestic product (GDP), gross national product (GNP), the per capita income, level of industrialization, amount of widespread infrastructure and general standard of living. Developed Economy Definition . Investopedia (16 April 2010). Retrieved 12 July 2013. Which criteria are to be used and which countries can be classified as being developed are subjects of debate. Different definitions of developed countries are provided by the International Monetary Fund and the World Bank; moreover, HDI ranking is used to reflect the composite index of life expectancy, education, and income per capita. In 2025, 40 countries fit all three criteria, while an additional 21 countries fit two out of three.

Developed countries have generally more advanced post-industrial economies, meaning the service sector provides more wealth than the industrial sector. They are contrasted with developing countries, which are in the process of industrialisation or are pre-industrial and almost entirely agriculture, some of which might fall into the category of Least Developed Countries. , advanced economies comprise 57.3% of global GDP based on nominal values and 41.1% of global GDP based on purchasing-power parity (PPP) according to the IMF.

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Definition and criteria Economic criteria have tended to dominate discussions. One such criterion is the income per capita; countries with the 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. 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.

According to the United Nations Statistics Division:

There is no established convention for the designation of "developed" and "developing" countries or areas in the United Nations system.

And it notes that:

The designations "developed" and "developing" are intended for statistical convenience and do not necessarily express a judgement about the stage reached by a particular country or area in the development process.

Nevertheless, the UN Trade and Development considers that this categorization can continue to be applied:

The developed economies broadly comprise Northern America and Europe, Israel, Japan, the Republic of Korea, Australia, and New Zealand.

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Similar terms Terms linked to the concept developed country include "advanced country", "industrialized country", "more developed country" (MDC), "more economically developed country" (MEDC), "Global North country", "First World country", and "post-industrial country". The term industrialized country may be somewhat ambiguous, as industrialisation is an ongoing process that is hard to define. The first industrialized country was the United Kingdom, followed by Belgium. Later it spread further to Germany, United States, France and other countries. According to some such as Jeffrey Sachs, however, the current divide between the developed and developing world is largely a phenomenon of the 20th century.

Jeffrey Sachs (2025). 9781594200458, The Penguin Press. . ISBN 9781594200458

Mathis Wackernagel calls the binary labeling of countries as "neither descriptive nor explanatory. It is merely a thoughtless and destructive endorsement of GDP fetish. In reality, there are not two types of countries, but over 200 countries, all faced with the same laws of nature, yet each with unique features."

A 2021 analysis proposes the term emerged to describe markets, economies, or countries that have graduated from emerging market status, but have not yet reached the level equivalent to developed countries. Multinational corporations from these emerging markets present unique patterns of overseas expansion and knowledge acquisition from foreign countries.

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Economy lists by various criteria

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Human Development Index (HDI) The UN HDI is a statistical measure that gauges an economy's level of human development. While there is a strong correlation between having a high HDI score and being a prosperous economy, the UN points out that the HDI accounts for more than income or productivity. Unlike GDP per capita or per capita income, the HDI takes into account how income is turned "into education and health opportunities and therefore into higher levels of human development."

Since 1990, Norway (2001–2006, 2009–2019), Japan (1990–1991 and 1993), Canada (1992 and 1994–2000) and Iceland (2007–2008) have had the highest HDI score.

The following countries in the year 2023 are considered to be of "very high human development":

+
! scope=col	Rank ! scope=col data-sort-type="number"	! scope=col style="width:17em;" Country or territory ! scope=col	HDI value ! scope=col data-sort-type="number"	% annual growth (2010–2023)
! scope=row	0.972|
! scope=row| rowspan="2"| 0.970 |
! scope=row
! scope=row| 0.962 |
5	! scope=row| rowspan="2" 0.959
	! scope=row
7	! scope=row0.958
! scope=row| rowspan="2" | 0.955 |
! scope=row
10	! scope=row0.951
! scope=row| 0.949 |
12	! scope=row0.948
! scope=row| rowspan="2"| 0.946 |
! scope=row
! scope=row	0.940|
! scope=row	0.939|
! scope=row| rowspan="3" | 0.938 |
! scope=row
! scope=row
! scope=row| 0.937 |
! scope=row| 0.931 |
22	! scope=row0.930
23	! scope=row0.925
24	! scope=row0.924
25	! scope=row0.922
! scope=row	0.920|
! scope=row| 0.919 |
! scope=row	0.918|
! scope=row| rowspan="3"| 0.915 |
! scope=row
! scope=row
! scope=row| rowspan="2"| 0.913 |
! scope=row
! scope=row	0.908|
35	! scope=row0.906
! scope=row	0.905|
37	! scope=row0.900
! scope=row	0.899|
39	! scope=row0.895
! scope=row| 0.890 |
41	! scope=row| rowspan="2" 0.889
	! scope=row
! scope=row| 0.886 |
44	! scope=row0.880
! scope=row	0.878|
! scope=row	0.870|
! scope=row	0.865|
! scope=row| rowspan="2"| 0.862 |
! scope=row
50	! scope=row0.858
! scope=row| 0.853 |
! scope=row	0.852|
! scope=row	0.851|
! scope=row| 0.848 |
! scope=row| rowspan="2"| 0.845 |
! scope=row
57	! scope=row0.844
! scope=row	0.840|
59	! scope=row0.839
! scope=row| rowspan="2"| 0.837 |
! scope=row
62	! scope=row| rowspan="2" 0.833
	! scope=row
! scope=row	0.832|
65	! scope=row0.824
! scope=row| 0.820 |
! scope=row| 0.819 |
68	! scope=row0.815
! scope=row| rowspan="2"| 0.811 |
! scope=row
! scope=row	0.810|
! scope=row|0.807|
! scope=row	0.806|
! scope=row| 0.804 |

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WESP developed economies According to the United Nations Department of Economic and Social Affairs' World Economic Situation and Prospects report, the following 37 countries are classified as "developed economies" as of January 2024:

31 countries in Europe:

two countries in Northern America:

four countries in Asia and the Pacific:

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World Bank high-income economies According to the World Bank, the following sovereign states and territories across are classified as high-income economies, having a nominal GNI per capita in excess of $13,935. as of the 2025 fiscal year:

Unsovereign Territories are denoted with an asterisk (*).

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Development Assistance Committee members There are 29 OECD member countries and the European Union—in the Development Assistance Committee (DAC), Peer reviews of DAC members – Organisation for Economic Co-operation and Development . Oecd.org. Retrieved 22 October 2013. a group of the world's major donor countries that discusses issues surrounding development aid and poverty reduction in developing countries. DAC website >> "The DAC in Dates" , On the DAC's self-description, see the introductory letter. On other events, refer to the relevant section by date. The following OECD member countries are DAC members:

25 countries in Europe:

two countries in the Americas:

two countries in Asia:

two countries in Oceania:

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IMF advanced economies According to the International Monetary Fund, 41 countries and territories are officially listed as "advanced economies", with the addition of 7 microstates and dependencies modified by the CIA which were omitted from the IMF version:

29 countries and dependencies in Europe classified by the IMF, 6 others given by the CIA:

seven countries and territories in Asia:

three countries and territories in the Americas classified by the IMF, one territory given by the CIA :

two countries in Oceania:

^d The CIA has modified an older version of the IMF's list of 38 Advanced Economies, noting that the IMF's Advanced Economies list "would presumably also cover the following nine smaller countries of Andorra, Bermuda, Faroe Islands, Guernsey, Holy See, Jersey, Liechtenstein, Monaco, and San Marino...". San Marino (2012) and Andorra (2021) were later included in the IMF's list.

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Paris Club members

There are 22 permanent members in the Paris Club (), a group of officials from major creditor countries whose role is to find coordinated and sustainable solutions to the payment difficulties experienced by debtor countries.

15 countries in Europe:

three countries in the Americas:

three countries in Asia:

one country in Oceania:

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Comparative table (2025)

Comparative table of countries with a "very high" human development (0.800 or higher), according to UNDP; "advanced" economies, according to the IMF; "high-income" economies, according to the World Bank.

Yes since 2017
Yes since 2012	Yes since 2000
Yes since 1990
Yes since 2015	Yes since 2012
Yes since 2014	Yes since 2012
Yes since 2011	Yes since 2006
Yes since 2009	Yes since 2007
Yes since 2009	Yes since 2006
Yes since 2008	Yes since 2002
Yes since 2008	Yes since 1990
Yes before 1990	Yes before 1990
Yes since 2007	Yes since 1997
Yes since 1989	Yes since 1994
Yes since 1989	Yes since 1996
Yes since 1997 (1997). 9781451945102, International Monetary Fund. . ISBN 9781451945102	Yes since 2001
Yes since 2001	Yes since 1988
Yes since 1997	Yes since 1987
Yes since 1997	Yes since 1987
Yes since 1997	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 1945	Yes since 1987
Yes since 2023
	Yes since 2019	No	Yes since 2024
	Yes since 2014	No	Yes since 2012
Yes since 2012
Yes since 2006
Yes since 2021
	Yes since 2019	No	Yes since 2021
Yes since 1987
Yes since 2014
Yes since 2009
Yes since 1987
Yes since 2001
Yes since 2007
Yes since 2004
Yes since 1987
Yes since 1990
Yes since 1987
Yes since 2012
Yes since 2014
	Yes since 2007	No	Yes since 2012
	Yes since 2016	No	Yes since 2006
	Yes since 2021	No	Yes since 2023
No
No
No
No
No
No
	Yes since 2019	No	No
	Yes since 2012	No	No
	Yes since 2025	No	No
	Yes since 2025	No	No
	Yes since 2025	No	No
	Yes since 2025	No	No
	Yes since 2025	No	No
	No	No	Yes since 2022
	No	No	Yes since 2019
	No	No	Yes since 2023

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See also

• Digital divide
• First World privilege
• Globalization
• G7
• List of countries by wealth per adult
• Developed market
• D-10 Strategy Forum

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Notes

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External links

• IMF (advanced economies)
• The World Factbook (developed countries)
• United Nations Statistics Division (definition)
• List of countries, United Nations Statistics Division (developed regions)
• World Bank (high-income economies)

Categories: Economic Country Classifications, Human Geography, Economic Geography, Country, Lists Of Countries, Imperialism Studies

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