Top 10 Most Developed Countries

A developed country is a representation of love, anger, respect and power. A developed country inspires and helps other countries in their development. So here’s the list of the top 10 most developed countries in the world in respect to GDP. So, let’s collect this knowledge with the help of this list given below.

France

France is a developed country and has one of the world’s largest economies. As of 2016, France has the world’s sixth-largest economy by nominal gross domestic product (GDP), and it is the fourth-largest nation in terms of aggregate household wealth. While at $39,678, its GDP per capita is a bit lower than other European nations such as Germany and Switzerland, its HDI is a robust 0.89.

United Kingdom

As the 11th-largest world economy, Canada has a diverse economic base.7 It has a wealth of natural resources, including oil, gas, and coal. As such, the country is able to support its own energy needs as well as export natural resources to other countries.

Brazil

Brazil, as of 2016, has a population of 209.4 million and a GDP of 1.775 trillion.6 The country’s GDP per capita is $8,727.1 While high for a developing country, this amount still falls short of the $12,000 threshold needed for classification as a developed country.

Indonesia

With a GDP per capita of $9,766 and an HDI of 0.78 currently, Malaysia is classified as an emerging economy by the World Bank. The International Monetary Fund (IMF) also classifies Malaysia as an emerging and developing country. Malaysia shares common characteristics with other emerging economies, such as Brazil, Indonesia, and China, including low-to-middle per capita earnings, rapid economic growth, high volatility, less mature capital markets and above-average return for investors.

Russia

Russia is borderline at best on most developed-country metrics. the country’s per capita GDP is $24,451. Its infant mortality rate is eight per 1,000, while life expectancy is an unimpressive 71 years. Its HDI is 0.79 and, when adjusted for inequality, drops to 0.71.

Germany

Driven by its highly skilled labor force, Germany is Europe’s strongest economy, and it is the fourth-largest economy in the world. The nation is known for delivering world-class quality in products including machinery, motor vehicles, electronics, and pharmaceuticals. Germany recently surpassed China as the world’s largest surplus economy, with its exported products exceeding its imported products.11 Top German companies include Volkswagen AG, Daimler AG, Siemens AG, BASF and Bayer AG. The country’s per capita GDP is $47,268.

Japan

Japan is the eleventh-most populous country in the world, as well as one of the most densely populated and urbanized. About three-fourths of the country’s terrain is mountainous, concentrating its population of 125.41 million on narrow coastal plains. Japan is divided into 47 administrative prefectures and eight traditional regions. The Greater Tokyo Area is the most populous metropolitan area in the world, with more than 37.4 million residents.

India

According to the International Monetary Fund (IMF), the Indian economy in 2019 was nominally worth $2.9 trillion; it is the fifth-largest economy by market exchange rates, and is around $11 trillion, the third-largest by purchasing power parity (PPP). With its average annual GDP growth rate of 5.8% over the past two decades, and reaching 6.1% during 2011–2012, India is one of the world’s fastest-growing economies. However, the country ranks 139th in the world in nominal GDP per capita and 118th in GDP per capita at PPP.

United States

According to the International Monetary Fund, the U.S. GDP of $22.7 trillion constitutes 24% of the gross world product at market exchange rates and over 16% of the gross world product at purchasing power parity. The United States is the largest importer of goods and second-largest exporter, though exports per capita are relatively low. In 2010, the total U.S. trade deficit was $635 billion. Canada, China, Mexico, Japan, and Germany are its top trading partners. 

China

Despite having the world’s second-largest economy and third-largest military, China is still not classified as a developed country. The biggest reason: the country’s per capita GDP remains below any accepted minimum threshold for developed-country status. Another attribute indicating China is not developed include its high proportion of agriculture. Poverty was once widespread in China; in 2012 it was over 6%, though it made a significant drop to 0.7% in 2015.9.

So these were the top 10 most developed countries. If you liked this list then also read more amazing lists bu clicking here.