The worldâs most developed country is Norway with an Human Develop Index of 0.944. Hong Kong has a life expectancy of 84.7 years, the highest of any country analyzed. The following list is the top 10 countries on that list: Norway; Switzerland; Ireland; Germany; Hong Kong, China; Australia; Iceland; Sweden; Singapore; The Netherlands; 1. Several characteristics are commonly held throughout developing countries. The above is considered developing economies according to â¦ Additionally, Switzerland has one of the most competitive economies in the world, with a highly developed service sector and the second-highest GDP per capita in the world of US$82,504.32 (December 2018). Iceland stands out among other countries for its commitment to support underdeveloped countries and using its expertise in renewable energy, land restoration, and gender equality for aid programs. A developed country is a sovereign state with a developed economy and technologically advanced infrastructure compared to other nations. HDI is quantified by looking at a country's human development, such as education, health, and life expectancy. However, experts claim that the country needs to reduce its dependency on tourism and explore other business and investment opportunities. Several factors determine whether or not a country is developed, such as the Human Development Index, political stability, gross domestic product (GDP), industrialization, and freedom. Germany is known for exporting high-quality automobiles, pharmaceuticals, electronics, and machinery from companies such as Volkswagen, Siemens AG, and Bayer AG. HDI can be used to determine the best countries to live in, as those who are more developed typically have a higher quality of life. First, there are many factors that contribute to the ranking of the top 100 most safe or safest countries in the world in 2020. Life expectancy is a measure of how long the average person lives in a given country. Switzerland's life expectancy is even higher than Norway's at 83.6 years. According to its HDI ranking, Singapore is considered a developed country and has the ninth highest HDI ranking of .93. Its main exports are vehicles and machines, pharmaceuticals, electronics, and minerals. When it comes to the economy, Australia has a GDP of A$1.89 trillion (US$1.14 trillion). Japan has an average life expectancy of 83.9 years, one of the highest globally, and the third-largest economy globally by nominal GDP and the fourth-largest by purchasing power parity (PPP). With an HDI of 0.937, Sweden is the eighth-most developed country in the world. These countries are characterized by being less developed industrially and a lower Human Development Index than other countries. Singapore experienced rapid industrialization in the 1960s, launching its development trajectory. Ranked: The Social Mobility of 82 Countries Itâs an unfortunate truth that a personâs opportunities can be partially tethered to their socioeconomic status at birth. In recent years, Ireland has seen an 8% decrease in income inequality and has been doing well to improve gender equality. The massive improvements in the country's economy and quality within a short period are promising for Chile's future. With an HDI of 0.942, Ireland is the third-most developed country. However, it boils down to what opportunities [â¦] Singapore is the ninth-most developed nation in the world and also one of the most peaceful. HDI is set on a scale from 0 to 1, and most developed countries have a score above .80. Are state-owned and funded help developing countries overcome these challenges countries, we have consulted human rights Watch world for... Adhered to by the end of 2020, effective from 1 January until 31 December 2020 growth the! 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