What is a developed country?

Even experts do not agree on a consistent definition of a developed country. For instance, the United Nations (UN) classifies countries as either developed economies, economies in transition, or developing economies, although it doesn't specify its basis for these groupings other than that they "reflect basic economic country conditions."

Are developed countries classified by the World Bank?

The map does not include classifications by the World Bank. A developed country, or advanced country, is a sovereign state that has a high quality of life, developed economy, and advanced technological infrastructure relative to other less industrialized nations.

What makes a country a developing country?

A nation is typically considered to be developing if it does not meet the socioeconomic criteria listed above. Simply put, these are most often countries with a lower income, an underdeveloped industrial base, a lower standard of living, and a lack of access to modern technology.