en.m.wikipedia.org
Developed country
"Industrial nation" redirects here. For the magazine, see Industrialnation.
For the investing classification, see Developed market.
A developed country (or industrialized country, high-income country, more economically developed country (MEDC)) 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 gross domestic product (GDP), gross national product (GNP), the per capita income, level of industrialization, amount of widespread infrastructure and general standard of living.[3] Which criteria are to be used and which countries can be classified as being developed are subjects of debate. A point of reference of 20,000 USD in 2021 USD nominal GDP per capita for the IMF is a good point of departure, it is a similar level of development to the United States in 1960.[4] Some countries with lower nominal gdp per capita could be considered as developed given that their PPP gdp per capita is much higher to their nominal gdp per capita, therefore having a higher standard of living than would be considered if one only looks at nominal gdp.
  Developed countries
  Developing countries
  Least developed countries
  Data unavailable

Classifications by the IMF[1] and the UN[2] in 2008.
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 agrarian, some of which might fall into the category of Least Developed Countries. As of 2015, advanced economies comprise 60.8% of global GDP based on nominal values and 42.9% of global GDP based on purchasing-power parity (PPP) according to the International Monetary Fund.[5]
Definition and criteria
Countries by 2019 GDP (nominal) per capita[6]
Economic criteria have tended to dominate discussions. One such criterion is income per capita; countries with 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 for some of the most advanced countries, such as the G7 members and others.[7][8]
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.[9]
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.[10]
Similar terms
See also: North–South divide in the World
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 Western European countries. According to some economists such as Jeffrey Sachs, however, the current divide between the developed and developing world is largely a phenomenon of the 20th century.[11]
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 different countries, all faced with the same laws of nature, yet each with unique features."[12]
Country lists by various criteria
Human Development Index (HDI)
Main articles: Human Development Index and List of countries by Human Development Index
Countries ranked in the "Very High" category of the Human Development Index (based on 2019 data, published in 2020).
The UN HDI is a statistical measure that gauges a country'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, 2009–2018), Japan (1990–1991 and 1993), Canada (1992 and 1994–2000) and Iceland (2007–2008) have had the highest HDI score.
Many countries listed by IMF as "advanced", possess an HDI over 0.800, the threshold for "very high" human development. Many countries[Note 1] possessing an HDI of 0.800 and over are conversely listed by IMF as "advanced". Thus, many "advanced economies" are characterized by an HDI score of 0.800 or higher.[13]
The 2019 Human Development Report by the United Nations Development Programme was released on 9 December 2019, and calculates HDI values based on estimates for 2018. Below is the list of the "very high human development" countries:[14]
RankCountry/territoryHDI
2018 data (2019 report) rankings
[14]
Change in rank from previous year[14]2018 data (2019 report) rankings
[14]
Change from previous year
[14]
1
 Norway
0.9540.001
2
  Switzerland
0.9460.003
3 Ireland0.9420.003
4 Germany0.9390.001
5(2)
 Hong Kong
0.9390.003
6(1) Australia0.9380.001
7(1)
 Iceland
0.9380.003
8(1) Sweden0.9370.001
9
 Singapore
0.9350.001
10
 Netherlands
0.9330.001
11
 Denmark
0.9300.001
12 Finland0.9250.001
13 Canada0.9220.001
14 New Zealand0.9210.001
15 United Kingdom0.9200.001
16 United States0.9200.001
17
 Belgium
0.9190.002
18 Liechtenstein0.9170.001
19
 Japan
0.9150.002
20
 Austria
0.9140.002
21 Luxembourg0.9090.001
22
 Israel
0.9060.002
22
 South Korea
0.9060.002
24 Slovenia0.9020.003
25
 Spain
0.8930.002
26
 Czech Republic
0.8910.003
27
 France
0.8910.001
28
 Malta
0.8850.002
29
 Italy
0.8830.002
30
 Estonia
0.8820.003
31
 Cyprus
0.8730.002
RankCountryHDI
2018 data (2019 report) rankings
[14]
Change in rank from previous year[14]2018 data (2019 report) rankings
[14]
Change from previous year
[14]
32
 Greece
0.8720.001
32(1) Poland0.8720.004
34 Lithuania0.8690.003
35 United Arab Emirates0.8660.002
36(2)
 Andorra
0.8570.005
36
 Saudi Arabia
0.8570.001
36(1)
 Slovakia
0.8570.003
39 Latvia0.8540.004
40
 Portugal
0.8500.002
41 Qatar0.848
42
 Chile
0.8470.002
43 Brunei0.8450.002
43 Hungary0.8450.004
45 Bahrain0.8380.001
46 Croatia0.8370.002
47 Oman0.8340.001
48 Argentina0.8300.002
49
 Russia
0.8240.002
50 Belarus0.8170.002
50(1) Kazakhstan0.8170.004
52(1) Bulgaria0.8160.003
52(1) Montenegro0.8160.003
52(1)
 Romania
0.8160.003
55(1) Palau0.8140.003
56(5)
 Barbados
0.813
57 Kuwait0.8080.001
57(1)
 Uruguay
0.8080.001
59
 Turkey
0.8060.001
60 Bahamas0.8050.001
61 Malaysia0.8040.002
62 Seychelles0.8010.001
As a non-UN member, the government of Taiwan calculates its own HDI based on UNDP's 2010 methodology,[15][16] which had a value of 0.911 in 2018,[Note 2] ranked 21 globally. Additionally, while the HDI for the Chinese special administrative region of Hong Kong is calculated by the UN, it is not for Macau. The Macanese government calculated the territory's HDI to be 0.868 in 2011. These values place both Taiwan and Macau well within the list of countries with "Very high human development".[17] Furthermore, in 2009 a United Nations project calculated the HDI for all of its members, as well as Taiwan, Macau, and many dependent territories. The HDI values for the countries of San Marino and Monaco, which have not been included in official annual HDI reports, were found to be at 0.961 and 0.956 respectively. This places both countries firmly within the category of countries with "Very high human development" as well. The dependent territories with HDI values equivalent to "Very high human development" were: Jersey, Cayman Islands, Bermuda, Guernsey, Gibraltar, Norfolk Island, Faroe Islands, Isle of Man, British Virgin Islands, Falkland Islands, Aruba, Puerto Rico, Martinique, Greenland, and Guam.[18] Of note, the HDI values in the 2009 report were calculated using the old HDI formula, while HDI values after the year 2010 are calculated with a different formula.
High-income economies
Some institutions have produced lists of developed countries: the UN (list shown above), the CIA,[19] and some providers of stock market indices (the FTSE Group, MSCI, S&P, Dow Jones, STOXX, etc.). The latter is not included here because its association of developed countries with countries with both high incomes and developed markets is not deemed as directly relevant.[why?][Note 3]
However, many other institutions have created more general lists referred to when discussing developed countries. For example, the International Monetary Fund (IMF) identifies 39 "advanced economies".[13][20] The OECD's 37 members are known as the "developed countries club".[21][22][23] The World Bank identifies 81 "high income countries".[24] Other standards, such as the 30-50 Club (GDP per capita over $30,000 and population over 50 million) have been developed to categorize highly developed and influential countries.
World Bank high-income economies
Main articles: World Bank high-income economy and List of countries by GNI (nominal, Atlas method) per capita
World Bank high-income economies in 2019
According to the World Bank the following 82 countries (including territories) are classified as "high-income economies". As of the 2021 fiscal year, high-income economies are those that had a GNI per capita of $12,536 or more in 2019.[24]
37 countries and territories in Europe:
21 countries and territories in the Americas:
16 countries and territories in Asia:
7 countries and territories in Oceania:
2 countries in Africa:
7 former high-income economies:
* Between 1994 and 2009, as a part of the
 Netherlands Antilles.
# Dissolved on 10 October 2010, succeeded by Curaçao and Sint Maarten.
High-income OECD members
According to the World Bank, the following 34 members are classified as "OECD High-Income":[25][26]
26 countries in Europe:
3 countries in the Americas:
3 countries in Asia:
2 countries in Oceania:
Development Assistance Committee members
See also: Development Assistance Committee
Member nations of the Development Assistance Committee
There are 29 OECD member countries and the European Union—in the Development Assistance Committee (DAC),[27] a group of the world's major donor countries that discuss issues surrounding development aid and poverty reduction in developing countries.[28] The following OECD member countries are DAC members:
23 countries in Europe:
2 countries in the Americas:
2 countries in Asia:
2 countries in Oceania:
IMF advanced economies
  Countries described as Advanced Economies by the IMF
According to the International Monetary Fund, 39 countries and territories are officially listed as "advanced economies",[1][29] with the addition of 8 microstates and dependencies modified by the CIA which were omitted from the IMF version : [19]
27 countries and dependencies in Europe classified by the IMF, 7 others given by the CIA :
Plusd
7 countries and territories in Asia:
3 countries and territories in the Americas classified by the IMF, one territory given by the CIA :
 Bermuda d
2 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 was later included in the IMF's list.[19]
Paris Club members
Permanent members of the Paris Club
There are 22 permanent members in the Paris Club (French: Club de Paris), 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:
3 countries in the Americas:
3 countries in Asia:
1 country in Oceania:
 Australia
Comparative table (2021)
Comparative table of countries with a "very high" human development (0.800 or higher), according to UNDP; OECD members; "advanced" economies, according to the IMF; "high income" economies, according to the World Bank; and income per capita (purchasing power parity) higher than $22,000, according to the IMF.
Developed Countries
CountriesHDI[14]OECD[30]IMF[31]WB[32]Per capita PPP[33]
2018
 LithuaniaYes since 2005Yes since 2018Yes since 2015Yes since 2012Yes since 2011
2016
 LatviaYes since 2005Yes since 2016Yes since 2014Yes since 2012Yes since 2013
2011
 Estonia
Yes since 2003Yes since 2010Yes since 2011Yes since 2006Yes since 2010
2010
 Israel
Yes since 1991Yes since 2010Yes since 1997[34]Yes since 1987Yes since 2004
 SloveniaYes since 1998Yes since 2010Yes since 2007Yes since 1997Yes since 2004
2009
 Czech Republic
Yes since 2001Yes since 1995Yes since 2009Yes since 2006Yes since 2005
 Slovakia
Yes since 2006Yes since 2000Yes since 2009Yes since 2007Yes since 2007
2005
 Portugal
Yes since 2005Yes since 1961Yes since 1989[35]Yes since 1994Yes since 2004
 South Korea
Yes since 1999Yes since 1996Yes since 1997[36]Yes since 2001Yes since 2005
2003
 Greece
Yes since 2001Yes since 1961Yes since 1989[35]Yes since 1996Yes since 2003
2000
 New ZealandYes before 1990Yes since 1973Yes since 1945Yes since 1987Yes since 2000
1999
 Spain
Yes since 1995Yes since 1961Yes since 1945Yes since 1987Yes since 1999
1997
 FinlandYes since 1994Yes since 1969Yes since 1945Yes since 1987Yes since 1997
 IrelandYes since 1996Yes since 1961Yes since 1945Yes since 1987Yes since 1997
 United KingdomYes since 1992Yes since 1961Yes since 1945Yes since 1987Yes since 1997
1996
 Iceland
Yes before 1990Yes since 1961Yes since 1945Yes since 1987Yes since 1996
1995
 Italy
Yes since 1995Yes since 1962Yes since 1945Yes since 1987Yes since 1993
 SwedenYes before 1990Yes since 1961Yes since 1945Yes since 1987Yes since 1995
1994
 AustraliaYes before 1990Yes since 1971Yes since 1945Yes since 1987Yes since 1994
 Belgium
Yes before 1990Yes since 1961Yes since 1945Yes since 1987Yes since 1994
 CanadaYes before 1990Yes since 1961Yes since 1945Yes since 1987Yes since 1994
 France
Yes since 1993Yes since 1961Yes since 1945Yes since 1987Yes since 1994
1992
 Austria
Yes since 1992Yes since 1961Yes since 1945Yes since 1987Yes since 1992
 GermanyYes before 1990Yes since 1961Yes since 1945Yes since 1987Yes since 1992
 Japan
Yes before 1990Yes since 1964Yes since 1945Yes since 1987Yes since 1992
 LuxembourgYes since 1992Yes since 1961Yes since 1945Yes since 1987Yes since 1985
1991
 Denmark
Yes since 1991Yes since 1961Yes since 1945Yes since 1987Yes since 1991
 Netherlands
Yes before 1990Yes since 1961Yes since 1945Yes since 1987Yes since 1991
1989
 United StatesYes before 1990Yes since 1961Yes since 1945Yes since 1987Yes since 1989
1987
 Norway
Yes before 1990Yes since 1961Yes since 1945Yes since 1987Yes since 1985
  Switzerland
Yes before 1990Yes since 1961Yes since 1945Yes since 1987Yes since 1984
Countries to be considered developed (1 pending recognition)
CountriesHDI[14]OECD[30]IMF[31]WB[32]Per capita PPP[33]
 HungaryYes since 2005Yes since 1996NoYes since 2014Yes since 2010
 Chile
Yes since 2007Yes since 2010NoYes since 2012Yes since 2013
 PolandYes since 2003Yes since 1996NoYes since 2009Yes since 2011
 Malta
Yes since 2003NoYes since 2008Yes since 2002Yes since 2005
 Cyprus
Yes since 2001NoYes since 2001Yes since 1988Yes since 2000
 Singapore[Note 5]
Yes since 1999NoYes since 1997[36]Yes since 1987Yes since 1990
In process (2 pending recognitions)
CountriesHDI[14]OECD[30]IMF[31]WB[32]per capita PPP[33]
 Panama
Yes since 2019NoNoYes since 2017Yes since 2014
 Romania
Yes since 2013NoNoYes since 2019Yes since 2016
 CroatiaYes since 2007NoNoYes since 2017Yes since 2014
 Uruguay
Yes since 2014NoNoYes since 2012Yes since 2016
 BahamasYes since 2016NoNoYes since 1987Yes since 1997
 Turkey
Yes since 2015Yes since 1961NoNoYes since 2013
 KuwaitYes since 2014NoNoYes since 1987Yes before 1980
 BahrainYes since 2012NoNoYes since 2001Yes since 1981
 OmanYes since 2012NoNoYes since 2007Yes since 1990
 San Marino
No dataNoYes since 2012Yes since 2000Yes before 1980
 Saudi Arabia
Yes since 2010NoNoYes since 2004Yes before 1980
 United Arab EmiratesYes since 2004NoNoYes since 1987Yes before 1980
 BruneiYes since 1999NoNoYes since 1990Yes before 1980
 QatarYes since 1996NoNoYes since 1987Yes before 1980
 Mauritius
Yes since 2019NoNoYes since 2019Yes since 2017
Other recognitions
CountriesHDI[14]OECD[30]IMF[31]WB[32]per capita PPP[33]
 BulgariaYes since 2015NoNoNoYes since 2018
 MalaysiaYes since 2016NoNoNoYes since 2012
 KazakhstanYes since 2015NoNoNoYes since 2013
 SeychellesNoNoNoYes since 2014Yes since 2013
 Russia
Yes since 2013NoNoNoYes since 2011
 Barbados
Yes since 2011NoNoYes since 2006No
 Trinidad and TobagoNoNoNoYes since 2006Yes since 2005
 Andorra
Yes since 2003NoNoYes since 1990No data
 LiechtensteinYes since 2000NoNoYes since 1994No data
 Colombia
NoYes since 2020NoNoNo
 Georgia
Yes since 2019NoNoNoNo
 Costa RicaYes since 2019Yes since 2021NoNoNo
 Serbia
Yes since 2019NoNoNoNo
 NauruNoNoNoYes since 2019No
 MontenegroYes since 2013NoNoNoNo
 PalauYes since 2013NoNoNoNo
 Antigua and Barbuda
NoNoNoYes since 2012No
 Saint Kitts and Nevis
NoNoNoYes since 2012No
 BelarusYes since 2012NoNoNoNo
 ArgentinaYes since 2006NoNoNoNo
 MexicoNoYes since 1994NoNoNo
 Monaco
No dataNoNoYes since 1994No data
Rankings
The list below features some outstanding countries selected from the comparative table above with average data of quality (best place in rankings) and quantity (considered in how many of the 37 rankings) with an evaluation greater than 60%.
Outstanding countries
RankCountryINDEXQUALITYQUANTITYQuality of living[37]Quality of digital living[38]Cost of living[39]HDI[40]per capita PPP[41]DemocracyPeace[42]Prosperity[43]Corruption[44]Economic Freedom Heritage[45]Human Freedom Fraser[46]Politic/Social Freedom House[47]CompetitivenessDoing Business[48]Gay friendly[49]Energy transition [50]Environmental Performance[51]Green Future[52]Happiness[53]Social Progress[54]Global Talent[55]PISA science [7]PISA readPISA mathsMobile internet speed[56]Fixed internet speedResilience [57]Fragile state[58]Growth promise[59]E-gov[60]English skills[61]Cities in motion[62]Press freedom[63]Health[64]Rule of law[65]Good Government[66]Labor rights[67]
201920202021202020202020202020202020202120202021201920192020202120202021202120202020201820182018202120212021!2021201920202020202020212018202020212020
AVG
(quality;
quantity)
>60%
1-
((AVG
ranks-1)/
(100-1))
#ranks/
Totalranks
top 100> score 0.6low top 100> very high>22000full< 1.82nd green on map> score 70> mostly free> score 7.5> score 90> score 60> score 60> score 7> score 70> score 60> green> score 6.4< tier 2< 2nd quartile> score 400> score 400> score 400> 30mb> 50mb> score 90> green> score 6> very high> high> relative high< score 20> score 60> score 70> score 0.6< rating 2
1
 Denmark
95,8%0,940,9781-101073111041110410312225251913155154126417159
2 Sweden94,7%0,920,97232-718315432193810118127542011171417788641438479
3
 Netherlands
93,8%0,900,97116-8139216816145442511111051061627982616122101863549
4 New Zealand93,4%0,900,97317-1431427121419110819894161311281822184981238167934
5
 Norway
93,2%0,920,95255-161142728152179-2936192820196202271351212269
6 Finland92,9%0,910,953111-112261353171111120-67613776162334616432226319
7
  Switzerland
92,6%0,910,95215-251273342155361543193612428111211561161811107-234
8 Canada91,6%0,860,9733971624510141196714231-201414713961211191391028130141491034
9
 Austria
91,1%0,850,97114-181718610152515252127456151015172828222844814191561817138139
10 Germany90,8%0,870,95316-6191417892991972210-101113111116212026354131125871318689
11 Ireland86,9%0,850,893328-238812205792424--165151215238205843111112271331211-119
12 United Kingdom86,8%0,840,89417-1328163313117172798574171720121515173149103013-11-231312-
13 Australia86,7%0,870,861119-82091616113581614--13-1181016173075714101551172551117-
14
 Belgium
85,5%0,790,922824-1421-202315372512224615-1592016182023152541151816419411115142034
15
 Singapore
84,1%0,900,782512-112-11153128-12---16-2932222411215311109-2212334
16
 Iceland
84,0%0,870,81---415211117112021262610101714914353626--2231412-5161-199
17
 Japan
81,6%0,820,81499-193021121919231113629--12--13196156522425191714-4-12151434
18
 France
80,5%0,800,81394-2626--22--33401532-954211821252326271019202119283-20201634
19
 Estonia
80,5%0,740,868613812940-30211788183118--34--24245583247282818326551531101534
20 Luxembourg79,9%0,840,7618--23113-991811101872--213814834383413213753311-204---
21
 Spain
79,8%0,730,864318722539223124--294623305-141827193230-3538621383117-252919192734
22
 Portugal
77,7%0,720,843729833842-427--2614343910-27--2128272529492727162735752932232534
23 United States76,8%0,810,73342291177--18-2017-26--24-192821913382012-3720912-292118-
24 Lithuania73,0%0,680,788121653437-3734-1521413911--29--323531333534293025302024-2845-2934
25
 South Korea
72,0%0,790,6577--232723-28-2426-135--28--1727897313362123--19-251721-
26
 Czech Republic
71,8%0,710,736932662734-929-2724383241--20-182525222622----28391939-28182234
27 Latvia71,0%0,640,789027773747-3532-3022-4119-1240--353329302466323934344929-2243-3134
28 Slovenia70,4%0,710,707423882238-526--33173537--18-292231142213453941172923---21-23-
29
 Uruguay
69,8%0,610,7878-73556215-3921-38654-513-20313851534959636447224226--186822-9
30
 Italy
69,1%0,650,734120922933-3231--31433058--20-282336393332474833393937-42-9--9
31 Poland68,7%0,670,708210453541-2436--45-3740--41--31441210104631243335241654-39-28-
32
 Israel
66,1%0,700,62-8-1935--30-26--2035--33-123320423842672837322530---35-2634
33
 Malta
65,2%0,680,62---2829--25-36234438881-23-233023434539412346232422---27---
34
 Slovakia
63,7%0,630,658030-39--2635--36424245--26--363941423342463126-482262-36--9
35
 Cyprus
62,9%0,610,658635953336--33-3333204454--35--263047514516-43592618--2626---
36 United Arab Emirates62,7%0,710,547431-3111--422114--2516----25-22494751130-292221-----24-
37 Hungary61,3%0,600,627625594045-1946--49-4752--37---523233354473546385214--40---
See also
Notes
  1. ^ Namely sovereign states, i.e., excluding Macau: In 2003, the government of Macau calculated its HDI as being 0.909 (the UN does not calculate Macau's HDI); In January 2007, the People's Daily Archived 7 December 2008 at the Wayback Machine reported (from China Modernization Report 2007): "In 2004... Macau... had reached the level of developed countries". The UNCTAD Archived 10 July 2007 at the Wayback Machine organisation (of the UN), as well as the CIA Archived 9 April 2008 at the Wayback Machine, classify Macau as a "developing" territory. The World BankArchived 28 August 2019 at the Wayback Machine classifies Macau as a high income economy (along with developed economies as well as with few developing economies).
  2. ^ In the 2018 Subnational Human Development Index (SHDI) Database, Taiwan's HDI was given as 0.880 among China's data.[1] However, from 2019 onward, Taiwan and Hong Kong are no longer included in the SHDI Database among Chinese divisions.[2] By contrast, the HDIs which published by the Statistical Bureau of Taiwan in its 2019[3] and 2020[4] reports were displayed as 0.911 in 2018, and 0.916 in 2019 respectively. The reason for the discrepancy is because there is no country data available for Taiwan in the UNDP database, and Taiwan is also excluded from its HDI data for China.[5] The SHDI claimed that the data collection for Taiwan was also derived from the Taiwanese Directorate General of Budget, Accounting and Statistics[6]; the latter source is used as primary data in this article.
  3. ^ The Developed Countries GlossaryArchived 20 December 2014 at the Wayback Machine entry reads: "The following countries are classified by FTSE as developed countries: Australia, Austria, Belgium/Luxembourg, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong (China), Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland, United Kingdom and the United States."
  4. ^ Geographically a part of Asia, geopolitically a part of Europe.
  5. ^ Singapore is not a member of the OECD, and has reportedly turned down offers into joining it, meaning that such recognition will remain pending in the near future. However, the country is still considered by other institutions such as the World Bank and the United Nations as developed, and membership to the OECD is not necessarily a criterion for developed status, as well as a country being a part of the OECD does not also mean that a country is developed (e.g. Colombia and Mexico). Singapore has a high-income economy, with the second-highest GDP per capita (PPP) in the world, as well as the highest Human Development Index rankings in the Asia-Pacific. In 2020, the country had also ranked first on the Human Capital Index.
References
  1. ^ a b "World Economic and Financial Surveys World Economic Outlook Database—WEO Groups and Aggregates Information". IMF.org. International Monetary Fund. Archived from the original on 22 December 2019. Retrieved 12 May 2020.
  2. ^ Least Developed Countries Archived 17 May 2011 at the Wayback Machine (2018 listArchived 21 December 2019 at the Wayback Machine)
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