A Small List of Developed and Developing Countries
Dividing countries on the basis of a particular aspect tend to formulate the idea of developed and developing countries. That very aspect is Gross Domestic Product (GDP) per capita, and the division goes further to indicate a thing or two about the country. Their economic reach and the extent of development are all ingredients that tend to be included in this division. Based on the term that they receive, you can get an idea about the country and how far they can go to reach their goals. So to help you get started on this front, here is a list of developed and developing countries.
Beginning the set, we have Argentina that has been termed as a developing country. During the initial part of the 20th century, the country was economically strong, with most of its citizens getting used to the right standard of living. However, the last few decades have seen the opposite result as the country’s growth rates diminished with political upheaval, rapid erosion in the quality of life, and economic turmoil. But the current rates come as a form of relief, and experts have also spoken widely about its growth potential.
Brazil might have the characteristics of a developed country, but it is far from being one. The largest economy in South America is a developing country with low GDP per capita, low living standards, and a high infant mortality rate. The lack of health care tends to be a significant point of concern, and policymakers are yet to find a satisfying solution. Due to that, the country is still a part of the developing list of nations and is trying to rise to the top with a list of changes that may or may not be effective.
Australia is the exact opposite of Brazil as it is one of the most developed countries globally, with per capita GDP being at $49,144 as of 2016. Since that ranks above the threshold, the nation is known to be economically advanced and well equipped to handle different challenges. The aspects of healthcare and other major services are also booming, and the country is known for being able to control economic fluctuations with ease.
Mexico is not a developed nation as its per capita GDP, and various other indicators do not point towards a stable economy. The diminishing rates of growth and other factors have always been a major point for concern as the country battles with a long list of problems. Despite beating certain developed nations in terms of economic and quality of life metrics, Mexico hasn’t been able to shine and exceed a few limitations. Hence, it is considered to be an advanced developing country.