Top 10 Most Developed Countries in the World

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How does one classify whether a country is developed or not? Is it on the basis of the people residing there or their growth rate? Well, it depends upon three important things – their economy, technological infrastructure and Gross Domestic Product (GDP) among other things. So here is a list of the top 10 countries in the world which are the most developed nations of all.

10) Japan –

Japan, also known to people as the Land of the Rising Sun, is the 10th most developed country in the world according to a UN report. It has the world’s tenth largest population, with around 126 million people residing in the country. Being a member of the UN, G7, G8 as well as G20, Japan is a very advanced country with the third highest GDP in the world. It is the fourth largest importer of machinery equipment, fossil fuels, raw materials for industries etc. and also the fourth largest exporter of motor vehicles, textiles among many other things.

9) Switzerland –

Located in Europe, Switzerland is one of the wealthiest countries in the world.  It is the world’s 19th largest economy. It is home to many multinational corporations including Nestle, The Swatch Group, and Swiss International Airlines etc. Switzerland is the manufacturing hub of a lot of goods such as chemicals, pharmaceutical goods, etc. Apart from exporting and importing, activities like banking and tourism are also important industries here.

8) Sweden –

Located between Finland and Norway, Sweden is classified as one of the most advanced economies by the IMF.It has the world’s 8th highest per capita income and also ranks high in human development, quality of life, health, education etc. It has been labelled as the 8th richest country in the world in terms of GDP. It also bags the 3rd position as The World’s Best Countries list published by NewsWeek in 2010.

7) Ireland –

Commonly referred as Republic of Ireland, it is one of the wealthiest countries in the world in terms of per capita income. It is one of the most prosperous nations and was ranked as the 7th most developed country in the world by United Nations Human Development Index. It has also been named as the “best country for business” by Forbes in 2013 due to many of its economic policies which were implemented in 1973.

6) New Zealand –

New Zealand is one of the most developed countries in the world with an economy which depends heavily on trade. Agricultural products, fishing, horticulture etc. make up half of the exports. Also, wool has been the country’s major export (6.3%). New Zealand has been ranked 6th in the Human Development Index by the UN. It is also classified as one of the most advanced countries in the world by IMF.

5) Germany –

Being the world’s third largest importer and fourth largest exporter of goods, Germany is the world’s 4th largest economy in the world. Germans enjoy have a high standard of living and is one of the most developed nations in the world. It is the member of the UN, G8, G20 as well as NATO. It also has the world’s largest transportation systems. There is an established network of railways as well as airports such as Frankfurt Airport and Munich Airport. It is at the 12th position in a list of the World’s Best Countries by NewsWeek.

4) Netherlands –

Also known as the Kingdom of Netherlands, this country is the world’s second largest exporter of food and agricultural products, after the US. It has the 10th highest per capita income and has also been ranked as the world’s happiest country according to OECD, which takes into account the standards of living, quality of life, health, freedom etc. It is a very advanced and developed country and industries such as tourism, fishing, trading, banking etc. have been flourishing since time immemorial. The Netherlands has the 18th largest economy in the world.

3) United States –

The United States, also known to some as the Super Power, has the world’s largest economy. There is an abundance of natural resources which are put to good use by the government which is why their per capita GD is the 6th highest in the world. The United States in the leading importer of goods and the ranks 2nd in the exporting business. It is also the world’s largest producer of natural gas and crude oil.

2) Australia –

An island country, Australia is one of the wealthiest countries in the world and boasts of being the 12th largest economy. It has the 5th highest per capita income and 2nd highest in terms of Human Development Index which includes factors such as health, quality of life, freedom of speech, mortality rate among many others.  It is a member of UN, G20, World Trade Organization as well as the Commonwealth of Nations. Melbourne has also topped the list of World’s Most Livable Cities followed by Adelaide, Sydney and Perth, which are all located in Australia. When it comes to exporting, goods such as wool, wheat, iron ore, gold etc. take up the majority of the market. Also, Australia is the world 4th largest exporter of wine.

1) Norway –

Listed as one of the most advanced countries in the world by the IMF, Norway boasts of being the second wealthiest country in the world. It has the 2nd highest GDP per capita and has been ranked as number 1 in the Human Development Index for six consecutive years, from 2001 to 2006. It has also bagged the title of being the most democratic country in the world and is a founding member of the UN, NATO and the Council of Europe.

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