5 Biggest Developing Countries in the World

In this piece, we will take a look at the 5 biggest developing countries in the world. For more countries, head on over to the 30 biggest developing countries in the world.

5. Mexico

Total GDP (in billions): $1,663.2

GDP per capita: $12,674

Population (in millions): 131.2

Many multinational companies are building major manufacturing facilities in Mexico considering the fact that it’s much cheaper in terms of costs while still being extremely close to the U.S. in terms of geographic proximity.

4. Russia

Total GDP (in billions): $2,062.6

GDP per capita: $14,404

Population (in millions): 143.2

FDIs in Russia have decreased hugely in the past year after its unprovoked invasion of Ukraine, with most multinational companies exiting the country. With heavy Western sanctions having been imposed, investment in Russia doesn’t look to recover anytime soon in the near future.

3. Brazil

Total GDP (in billions): $2,081.2

GDP per capita: $9,673

Population (in millions): 215.2

Brazil is one of the biggest developing nations in the world and is aiming to continue its healthy economic growth, inviting foreign investment in a bid to expands its highways and railway system.

2. India

Total GDP (in billions): $3,736.9

GDP per capita: $2,601

Population (in millions): 1,436.5

India is the most populous country in the world and positioning itself to become the center of investment for many major multinationals and developed economies, with Foxconn aiming to double jobs and investment in India over the next one year.

1. China

Total GDP (in billions): $19,373.6

GDP per capita: $13,721

Population (in millions): 1,412.0

Topping the list of the 30 largest developing countries in the world is China, which is also the second largest economy in the world. Recently, China relaxed capital controls in order to facilitate FDI into the country, a much needed move considering the country’s economy has struggled post Covid-19.

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