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According to the IMF definition, there are 152 developing countries with a current population of around 6.87 billion. At 85.53 percent, this is a considerable proportion of the world's population. It includes the whole of Central and South America, the whole of Africa, almost all Asian countries and numerous other island states.
Brazil, China, India, Indonesia, and Mexico are five examples of countries that are developing. Each boasts a sizable and diverse economy with a high GDP.
The United Nations and many other aid organizations have established programs to help developing countries overcome these and other social, political, economic, and environmental challenges they face.
developing country, a country which, relative to other countries, has a lower average standard of living. There is no consensus on what defines a country as “developing” versus “developed,” but a variety of metrics have been applied to sort countries into these categories.
Development can be measured by economic or human factors. Developing countries are, in general, countries that have not achieved a significant degree of industrialization relative to their populations, and have, in most cases, a medium to low standard of living. There is an association between low income and high population growth. [31]
There are currently 45 economies designated by the United Nations as the least developed countries (LDCs), entitling them to preferential market access, aid, special technical assistance, and capacity-building on technology among other concessions.
Developing countries have economies with low gross domestic product per capita and rely more on agriculture. Learn more about developing countries and how they work.
The United States has topped the list for over two decades as the country with highest FDI outflows, contributing to the economic growth of developing countries.
Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States
The developed countries include the United States, Australia, Canada, Japan, and West European countries (Germany, France, UK, etc, whereas most Asian countries, Russia, Africa, and South America can be given as examples of the developing countries or regions.