10 Most Developed Countries in the World Heading into 2024

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2. Switzerland

HDI Ranking: 1

GDP Per Capita: $92,101

Composite Score: 2  

Despite global uncertainties, the Swiss economy, known for its resilience, continues to face challenges. After a 2.1% GDP growth in 2022, it is expected to slow to 0.8% in 2023. The labor market remains robust, with unemployment rates reaching a 20-year low of 1.9% in early 2023. However, inflation has become a concern, climbing to 2.9% in March 2023, exceeding the target range set by the Swiss National Bank.

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