Mexico's development status is despite the fact that it exceeds the majority of its peers in the developing world on most economic and quality-of-life metrics. In fact, as of , Mexico's economy wasn't heavily reliant on agriculture, at just 3. A life expectancy of 75 years since birth, as of , ranks Mexico higher than most developing countries, but it still falls below its North American neighbors. The Netherlands is a developed country. This nation demonstrates relative strength across all the metrics and combines a robust economy with a high standard of living for the majority of its residents.
Although the country is below average in environmental quality, the health and life expectancy for residents are in line with other developed countries.
Nigeria is a developing country. The Federal Republic of Nigeria's GDP is far too low, as are the country's living standards, for it to be considered a developed nation. Poland is a developed country. Russia is a country in transition. Russia is not currently classified as a developed country, though it once reigned alongside the United States as a world superpower.
As is typical of a non-developed country, the exportation of natural resources fuels much of Russia's economy. Its infant mortality rate is five per 1,, while life expectancy is 73 years since birth, below the global average of Saudi Arabia is a developing country. On a purely monetary level, the Kingdom of Saudi Arabia is rather successful when compared to other developing countries.
It was the largest economy in the Middle East in terms of GDP in ; however, its economy lacks diversification. South Korea is a developing country. The country has a strong GDP and offers its citizens widespread access to quality healthcare and higher education. That said, the country is reliant on exports and is currently facing other major challenges, such as an aging population and low worker productivity. Spain is a developed country.
Nearly all organizations that analyze development status classify Spain as such. Sweden is a developed country. Sweden is one of the most highly developed post-industrial societies in the world. Sweden's life expectancy—now at nearly 83 years since birth—increased by eight years between and , while infant mortality has dropped from seven deaths per 1, live births to two during the same period.
Switzerland is a developed country. According to the World Bank, of countries listed for , Switzerland had the fourth highest GDP per capita and the highest of any country on this list. Thailand is a developing country. The Kingdom of Thailand is the second-largest economy in Southeast Asia. About two-thirds of the country's GDP is derived from exports of electronics, agricultural commodities, automobiles and parts, processed foods, and other goods.
More recently, pro-democracy protests have been ongoing since Feb. Turkey is a developing country. Turkey is perhaps the best example of a country that straddles the line between developed and developing. In the past, the UN has classified it as a developed country. Today, most groups, including Turkey itself, agree on the country's status as a developing nation.
The United Kingdom is a developed country. The U. The United States is a developed country. United Nations. Accessed May 21, International Monetary Fund. The World Bank. Open Textbook Library. National Center for Biotechnology Information, U. National Library of Medicine. International Labour Organization. International Business Degree Guide. United Nations Development Programme. Obserwator Finansowy. RAND Corporation. Advocates for International Development.
It is also referred to as industrialized country or more developed country. There are several parameters used to determine the level of economic development of a country and they include Human Development Index, income per capita, political stability, industrialization, freedom and living standards of the general population, Gross national Product GNP , and Gross Domestic Product GDP.
HDI is a measure developed by the UN to measure human development in a country and the higher the HDI the more prosperous the country is. For a developed country the literacy, education, and health levels are high. When considering HDI, access to good health care and child mortality rate at birth is considered while access to quality and free education, years spent in school and ability to incorporate learned knowledge to real-life situations are considered.
In a developed nation, the rate of child mortality at birth is extremely low, and the education is accessible to all. The HDI is always quantified and put on a scale between 0 and 1 with most developed having a score above 0. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile.
Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. Your Money. Personal Finance. Your Practice. For want of a country classification system, some international organizations have used membership of the Organization of Economic Cooperation and Development OECD as a main criterion for developed country status.
Due to the absence of a methodology in classifying countries based on the level of development, this article will focus on the development taxonomies of the UNDP, World Bank and IMF.
HDI is a composite index of three indices measuring countries achievement in longetivity, education and income. It also recognizes other aspects of development such as political freedom and personal security. It also uses equal country weights to construct the HDI distribution.
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