To really understand our list of 16 Most Developed Countries In the World it is important that we first should try to understand what exactly is a developed country. Development of a country is measured in terms of its overall economic stability, industrial development, technological advancements, etc. While there is not any definite way to assess all this, there are good indicators to rank the developed countries in the world like gross domestic product (GDP), life expectancy, industrialization, literacy level, standard of living and per capita income.
There is another, more effective indicator to identify developments in any country and that is commonly known as HDI or Human Development Index. This indicator combines most of the indicators mentioned above and gives more reliable information about the development in any country.
To help readers to better understand this topic, our post about 10 most underdeveloped countries in the world can prove to be helpful as well.
Let’s take a look at 16 of the world’s most developed countries in the world…
16. Hong Kong
Hong Kong is not only a tourists land, but it is very stable economically. Per capita income of the country is around $51,000 and HDI is 0.891.