![]() ![]() These factors are typically interconnected (i.e., the level of available technology can impact the amount of GDP a country is capable of generating, etc.). Where that isn't adequate, other qualifiers can include but are not limited to a country's GDP/GNI per capita, its level of industrialization, its general standard of living, and/or the amount of technological infrastructure it has. In some cases, this can be as simple as having a sufficiently developed economy. ![]() China was the richest developing country on Earth in 2021, with a total GDP of $17.73 trillion.Ī nation is typically considered to be "developed" if it meets certain socioeconomic criteria.The United States was the richest developed country on Earth in 2021, with a total GDP of $23 trillion.The Human Development Index (HDI) is a metric developed by the United Nations that's used to assess the social and economic development levels of countries based on life expectancy, educational attainment, and income, which serves as an alternate means of assessing a nation's development status. ![]() According to the United Nations (UN), a nation's development status is a reflection of its "basic economic country conditions.". ![]()
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