in most advanced nation of world the percentage of dependent population is
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Developed country
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"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), advanced country[3][4]) 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.[5] 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.[6] 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
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The latest classifications sorted by the IMF[1] and the UN[2]
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.[7]
Definition and criteria
Country lists by various criteria
Comparative table (2021)
See also
Notes
References
External links
Last edited 12 hours ago by Ozteller
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