Developed Countries List 2022

Compared to other countries, those considered developed have more sophisticated economies and infrastructures. Political stability, GDP, industrialization, social welfare programs, infrastructure, and the freedoms its population enjoys are indicators of a developed nation.

The term developing country is used to describe nations on the path to modernization but yet in its early stages.

The UN created the HDI to assess a country’s progress toward an ideal standard of living. HDI is calculated by summing up a country’s educational level, health status, and average lifespan. Most industrialized nations have an HDI above.80 on a scale from 0 to 1.

More developed nations often provide their citizens with a greater quality of life. Hence HDI may be used to rank the greatest places to live.

It’s not easy to say which nations are developed because of all the variables involved. Furthermore, a nation may be considered developed by one organization but not another.

As an example, Turkey is considered a developed nation by the United Nations because of its HDI of.807. Several other international groups concur, including the G-20 and the CIA World Factbook.

Dow Jones and the Financial Times Stock Exchange Group (FTSE) consider Turkey a developing nation. The relatively short life expectancy of its population and the somewhat higher newborn mortality rate (12 per 1,000) are possibly contributing reasons (75 years).

The United Nations Human Development Report 2020, due in December 2020, uses the HDI to rate every nation globally. The highest Human Development Index (HDI) ratings, as of the year 2020, belonged to the following top 10 countries:

1. Norway
2. Ireland (tie)
3. Switzerland (tie)
4. Iceland (tie)
5. Hong Kong, China (SAR)(tie)
6. Germany
7. Sweden
8. Australia (tie)
9. Netherlands (tie)
10. Denmark

Also See: Crusader States 2022

Listed here (in any order) are the countries that made the HDI 2020 cut, including the USA, Russia, China, and the UK. The developed threshold is 80, whereas the developing threshold is below 80.