::Developed country


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World map by quartiles of Human Development Index in 2014.
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A developed country, industrialized country, or "more economically developed country" (MEDC), is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations. Most commonly, the criteria for evaluating the degree of economic development are gross domestic product (GDP), gross national product (GNP), the per capita income, level of industrialization, amount of widespread infrastructure and general standard of living.<ref>Developed Economy Definition. Investopedia (2010-04-16). Retrieved on 2013-07-12.</ref> Which criteria are to be used and which countries can be classified as being developed are subjects of debate.

Developed countries have post-industrial economies, meaning the service sector provides more wealth than the industrial sector. They are contrasted with developing countries, which are in the process of industrialization, or undeveloped countries, which are pre-industrial and almost entirely agrarian. According to the International Monetary Fund, advanced economies comprise 60.8% of global nominal GDP and 42.9% of global GDP (PPP) in 2014.<ref>IMF GDP data (October 2015)</ref> In 2014, the ten largest advanced economies by GDP in both nominal and PPP terms were Australia, Canada, France, Germany, Italy, Japan, South Korea, Spain, the United Kingdom, and the United States.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Developed country sections
Intro  Similar terms  Definition and criteria  Human Development Index (HDI)  Net take-home pay of OECD members  Gallup median household and per-capita income  Other lists of developed countries  World Bank high-income economies  See also  Notes  References  External links  

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