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A developed country, also known as an industrialized country, has an economy that is mature and refined.
Advanced technological infrastructure and a diverse industrial and service sector characterize developed countries.
Citizens typically have access to the majority, if not all, basic social amenities, such as high-quality health care and excellent education at low cost.
For this article, we will use the following parameters to articulate the top most developed countries in the world: Human Development Index, income per capita, political stability, industrialization, freedom and living standards of the general population, Gross National Product (GNP), and Gross Domestic Product (GDP).
Let's get right into it, our ranking goes from descending to ascending order.
Denmark has a modern mixed economy that is primarily based on services.
Because the country lacks mineral resources other than oil and gas, it must rely on human resources to boost the country's economy.
The standard of living in Denmark is high and it has a life expectancy of 80 years.
It has the Gross Domestic Product (GDP) of $210.1 billion and $37657 per capita while its HDI rating of 0.9 makes it the 10th most developed country in the world.
Singapore has risen three times higher than its formal position, and it is now the world's ninth-developed country, according to the 2022 Human Develop Index ratings.
It is a high-tech country that is also one of the most prosperous in the world.
It also enjoys one of the highest standards of living in the whole world.
Singapore has a Gross Domestic Product (GDP) of $326.5 billion and $60.410 per capita.
And it has the 4th largest life expectancy in the world which is 84.38.
Canada is one of the wealthiest countries in the world, and its economy is dominated by the service industry.
It also has oil reserves and exports a lot of energy, food, and minerals.
Canada is the world's eighth most developed country, with a GDP of $1.5 trillion and a per capita income of $42.734, and a life expectancy of 81.67 years.
New Zealand is a very blessed and wealthy country with two main islands and numerous smaller islands.
The country's market 100 economy is heavily reliant on agriculture; however, tourism and manufacturing contribute significantly to the nation's economy.
The country's life expectancy is 80.93 years, and its Gross Domestic Product (GDP) is $132.0 billion, or $29.730 per capita, with a human index of 0.910.
This country is the world's seventh most developed.
Germany is the sixth most developed country on this list, with the most industrialized, and largest national economy in continental Europe.
The well-known concept of social economy serves as the foundation of the German economy.
Minerals such as nickel, copper, iron, natural gas, and others abound in the country.
The country is also one of the world's largest exporters.
Germany's GDP is $3.2 trillion, with a per capita income of $39,028 and a life expectancy of 80.44 years.
The United States of America (USA) has the world's largest and most powerful economy, earning the country the title of world power or economic power.
The country's GDP is enormous, standing at $15.7 trillion ($49.922 per capita).
This GDP accounts for nearly a quarter of the global GDP.
The county is endowed with an abundance of natural resources.
The infrastructure of the country is so advanced that it is the envy of many.
The infrastructure is well-developed, with a high level of productivity and quality.
However, the country lags in terms of life expectancy, which stands at 78.75 years.
As a result, the United States of America is the world's 100th most developed country.
The Netherlands exists with a very large and prosperous economy which to a greater percentage depends on foreign trade.
This Dutch country, had its economy hit hard by the global financial crisis, but in 2014 the country estimated a Gross Domestic Product (GDP) of $707.0 billion and $42.194 per capita, making it one of the richest countries in the world.
The life expectancy of the Netherlands is 81.12 and the country has a very high standard of living.
Switzerland is one of the world's wealthiest countries, with one of the most stable economies, which adheres to a stable policy of long-term monetary security, making it the preferred choice of investors worldwide.
Asides from the wealth of foreign investors in their possession, the country also relies on its high level of labour specialization, trade, and industries to earn a Gross Domestic Product (GDP) of $363.4 billion and also enjoys a very high standard of living.
The life expectancy in Switzerland is 81.38.
This country is the third most developed country in the world.
Australia is a country located on the mainland of the Australian continent and the island of Tasmania and another island smaller surrounding the continent.
It is the world’s sixth-largest country.
One of the biggest capitalist economies in the world is that of Australia.
The country's service sector accounts for the majority of its $970.8 billion ($42,640) Gross Domestic Product (GDP).
Along with the country's prosperous economic growth, the citizens actively pursue human development, healthcare, and civil rights, making the nation the second most developed in the world.
Agriculture and mining also significantly contribute to the economy.
The country has consistently maintained one of the highest standards of living in the entire world, with a very high life expectancy rate of 82.07 years.
According to information gathered for this article, Norway has an astonishing Human Development Index of 0.944, making it the most developed nation in the world.
However, since the start of the industrial era, this country's economy has been mixed, and they haven't veered from it.
One of the primary contributors to the nation's economy is the abundance of natural resources.
The country's oil and gas reserves, as well as the volume of exports they have made, are the basic or primary natural resources that support their economy.
Norway's GDP is $277.1 billion and its per-capita income is $55,009.
With a life expectancy of 80.57 and very high living standards, the nation has a very effective integrated welfare system compared to that of other European countries.
The country's Human Development Index (HDI), which rose by 0.001 since 2013, gave the country the first position in this list of the top ten most developed countries in the world.
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