A country with a highly developed economy and technological
and infrastructural advancement is considered as a developed
country. A lot of parameters are taken into account to evaluate
the degree of development in a particular country. While it
remains a subject of debate that which criteria is most
appropriate to rank countries for their level of development but
the commonly analysed factors are gross domestic product
(GDP), per capita income, level of industrialization, life
expectancy, standard of living and literacy level.
Another prominent term used to describe development of a
country is Human Development Index (HDI). The HDI combines
economic measure and national income with life expectancy and
education to form a reliable rating. These HDI ratings divide the
countries into four tiers of human development- Very highly
developed, Highly developed, Medium developed and Low
developed. As per these HDI ratings, which were last released
on 24 July 2014, in Tokyo, here is a list of the top 15 most
developed countries in world.
1. Norway
The World’s most developed country is Norway with an HDI of
0.944. The economy of Norway is mixed and ever growing since
the start of industrial era. The prominent contributor in its
economy is the abundance of natural resources, mainly oil and
gas, and the exports made by the nation. Norway’s GDP is
$277.1 billion and $55,009 per capita. Norway has a strongly
integrated welfare system, a life expectancy of 80.57 and
extremely high standards of living compared to other European
countries. The HDI of 0.944, which has gone up by 0.001 from
2013, gives it the number 1 position on this list of Top 15 most
developed countries in the world.
2. Australia
One of the largest capitalist economies in the world is Australia
where the major contribution to its GDP of $970.8 billion
($42,640 per capita) is made by the service sector while mining
and agriculture also make significant contributions. Apart from
its wealthy economy, human development, healthcare and civil
rights exercised by its citizens make the country the 2 most
developed in world. The life expectancy is very high at 82.07
years and the country has consistently maintained one of the
highest standards of living in world.
3. Switzerland
One of the world’s wealthiest nations, Switzerland has an
extremely stable economy which follows the policy of long term
monetary security making it a preferred choice for investors all
over the globe. Apart from foreign investment, the country relies
upon its high labor specialization, trade and industries to earn a
GDP of $363.4 billion and $45,418 per capita. Needless to say,
the country enjoys very high standards of living while the life
expectancy is 81.38. Switzerland is the 3 most developed
country in world.
4. Netherlands
The 4 most developed country Netherlands has a prosperous
and open economy which largely depends upon foreign trade.
However in the recent few years, the Dutch economy has been
hit by the global financial crisis but the 2014 estimates GDP for
the country is $707.0 billion and $42,194 per capita making it
one of the richest nations in world. The life expectancy in
Netherlands is 81.12 and the country has very high standards of
living.
5. United States
World’s largest single national economy is United States which
makes it the world’s foremost economic power. The country’s
GDP of 15.7 trillion ($49.922 per capita) is almost a quarter of
the total world’s GDP. Also the country has an abundance of
natural resources, the infrastructure is well developed and the
productivity is very high. Although the country lags a little
behind in terms of life expectancy which is 78.75, US is the 5
most developed country in world.
6. Germany
The 6 most developed country, Germany is also the most
industrialized, most populous and the largest national economy
in Europe. The concept of social market economy forms the
basis of Germany economy. The country is also one of the
largest global exporters in world and is rich in minerals like
nickel, iron, copper, natural gas etc. the GDP for Germany is
$3.2 trillion and $39,028 per capita while the life expectancy is
80.44 years.
7. Newzealand
New Zealand is a wealthy nation comprising of two main islands
and many smaller islands. The country has a market economy
which is prominently dependent upon agriculture but
manufacturing and tourism also make significant contributions.
The life expectancy in New Zealand is 80.93 and the country’s
GDP is $132.0 billion and $29,730 per capita. With HDI of 0.910
it is world’s 7 most developed country.
Now, I know where to Travel to...
and infrastructural advancement is considered as a developed
country. A lot of parameters are taken into account to evaluate
the degree of development in a particular country. While it
remains a subject of debate that which criteria is most
appropriate to rank countries for their level of development but
the commonly analysed factors are gross domestic product
(GDP), per capita income, level of industrialization, life
expectancy, standard of living and literacy level.
Another prominent term used to describe development of a
country is Human Development Index (HDI). The HDI combines
economic measure and national income with life expectancy and
education to form a reliable rating. These HDI ratings divide the
countries into four tiers of human development- Very highly
developed, Highly developed, Medium developed and Low
developed. As per these HDI ratings, which were last released
on 24 July 2014, in Tokyo, here is a list of the top 15 most
developed countries in world.
1. Norway
The World’s most developed country is Norway with an HDI of
0.944. The economy of Norway is mixed and ever growing since
the start of industrial era. The prominent contributor in its
economy is the abundance of natural resources, mainly oil and
gas, and the exports made by the nation. Norway’s GDP is
$277.1 billion and $55,009 per capita. Norway has a strongly
integrated welfare system, a life expectancy of 80.57 and
extremely high standards of living compared to other European
countries. The HDI of 0.944, which has gone up by 0.001 from
2013, gives it the number 1 position on this list of Top 15 most
developed countries in the world.
2. Australia
One of the largest capitalist economies in the world is Australia
where the major contribution to its GDP of $970.8 billion
($42,640 per capita) is made by the service sector while mining
and agriculture also make significant contributions. Apart from
its wealthy economy, human development, healthcare and civil
rights exercised by its citizens make the country the 2 most
developed in world. The life expectancy is very high at 82.07
years and the country has consistently maintained one of the
highest standards of living in world.
3. Switzerland
One of the world’s wealthiest nations, Switzerland has an
extremely stable economy which follows the policy of long term
monetary security making it a preferred choice for investors all
over the globe. Apart from foreign investment, the country relies
upon its high labor specialization, trade and industries to earn a
GDP of $363.4 billion and $45,418 per capita. Needless to say,
the country enjoys very high standards of living while the life
expectancy is 81.38. Switzerland is the 3 most developed
country in world.
4. Netherlands
The 4 most developed country Netherlands has a prosperous
and open economy which largely depends upon foreign trade.
However in the recent few years, the Dutch economy has been
hit by the global financial crisis but the 2014 estimates GDP for
the country is $707.0 billion and $42,194 per capita making it
one of the richest nations in world. The life expectancy in
Netherlands is 81.12 and the country has very high standards of
living.
5. United States
World’s largest single national economy is United States which
makes it the world’s foremost economic power. The country’s
GDP of 15.7 trillion ($49.922 per capita) is almost a quarter of
the total world’s GDP. Also the country has an abundance of
natural resources, the infrastructure is well developed and the
productivity is very high. Although the country lags a little
behind in terms of life expectancy which is 78.75, US is the 5
most developed country in world.
6. Germany
The 6 most developed country, Germany is also the most
industrialized, most populous and the largest national economy
in Europe. The concept of social market economy forms the
basis of Germany economy. The country is also one of the
largest global exporters in world and is rich in minerals like
nickel, iron, copper, natural gas etc. the GDP for Germany is
$3.2 trillion and $39,028 per capita while the life expectancy is
80.44 years.
7. Newzealand
New Zealand is a wealthy nation comprising of two main islands
and many smaller islands. The country has a market economy
which is prominently dependent upon agriculture but
manufacturing and tourism also make significant contributions.
The life expectancy in New Zealand is 80.93 and the country’s
GDP is $132.0 billion and $29,730 per capita. With HDI of 0.910
it is world’s 7 most developed country.
Now, I know where to Travel to...
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