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Country classifications. For analytical purposes, WESP classifies all countries of the world into one of three broad categories: developed economies, economies in transition and developing...
UNCTAD’s classification of economies into developing and developed is intended for statistical convenience and does not express judgement about the stage reached by a particular country or area in the development process.
7 Μαΐ 2024 · Development is a multidimensional undertaking to achieve a higher quality of life for all people. Economic development, social development and environmental protection are interdependent and...
A developing country is a sovereign state with a less developed industrial base and a lower Human Development Index (HDI) relative to other countries. [3] However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category.
According to the UN, a developing country is a country with a relatively low standard of living, undeveloped industrial base, and moderate to low Human Development Index (HDI). This index is a comparative measure of poverty, literacy, education, life expectancy, and other factors for countries worldwide.
In the earlier years, country specific data were not aggregated, but from 1964 onwards various analytical classifications have been in use. The first classification system divided countries into (1) industrial countries, (2) other high-income countries, and (3) less-developed countries.
UNCTAD Data Hub classifications are detailed in this page. Countries and territories are grouped by economic criteria or membership of trade agreements for the purposes of statistical analysis and research. All classifications and hierarchies are downloadable in Excel and PDF format.
