Developed country

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 Conference on Trade and Development (UNCTAD) 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. 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 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. 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. == Economy lists by various criteria ==

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": WESP developed economies According to the World Economic Situation and Prospects report by the United Nations Department of Economic and Social Affairs (UNDESA), the following 37 countries are classified as "developed economies" as of January 2026: 31 countries in Europe: two countries in North America: two countries in Asia: two countries in Oceania: 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: Non-sovereign entities appear in italics. Development Assistance Committee members There are 32 OECD member countries and the European Union—in the Development Assistance Committee (DAC), a group of the world's major donor countries that discusses issues surrounding development aid and poverty reduction in developing countries. The following OECD member countries are DAC members: 26 countries in Europe: two countries in North America: two countries in Asia: two countries in Oceania: one associate member: IMF advanced economies According to the International Monetary Fund, 43 countries and territories are officially listed as "advanced economies", with the addition of 6 microstates and dependencies listed by the CIA but omitted from the IMF version: 31 countries in Europe classified by the IMF, two sovereign entities and three territories listed by the CIA: five countries and two territories in Asia: two countries and one territory in the Americas classified by the IMF, one territory listed by the CIA : two countries in Oceania: d The CIA has modified an older version of the IMF's list of advanced economies, noting that it "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), Andorra (2021) and Liechtenstein (2025) were later included in the IMF's list. 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: UNIDO high-income industrial economies According to the United Nations Industrial Development Organization (UNIDO), 48 countries and one territory are categorized as "high-income industrial economies". This classification, first implemented in 2022, is assigned to economies that have achieved a high national income through a development path resulting in high levels of industrialization. 34 countries in Europe: six countries in Asia: five countries and one territory in the Americas: three countries in Oceania: ==Comparative table==

Comparative table of countries with a "very high" human development (0.800 or higher), according to the UNDP; "developed" economies, according to the World Economic Situation and Prospects report by UNDESA; "high-income" economies, according to the World Bank; DAC members; "advanced" economies, according to the IMF; Paris Club members; and/or "high-income industrial economies", according to UNIDO. Year of inclusion in brackets; non-sovereign entities in italics. ==See also==