In this piece, we will take a look at the top five developing countries in the world. For more countries, head on over to Top 30 Developing Countries in the World.
5. State of Qatar
HDI Score: 0.855
The State of Qatar, or simply Qatar, is a Western Asian country with a $303 billion economy which lends it one of the highest GDP per capita in the world of $113,675. Qatar also has the highest GNI per capita on our list, which sits at $62,310. At the same time, its HDI score of 0.855 makes it rank fifth overall on the list – the only country to do so both in terms of HDI and GNI per capita.
4. Republic of Chile
HDI Score: 0.855
The Republic of Chile is a South American country. It has a $568 billion GDP and a $28,526 GDP per capita. Chile is ranked as one of the most peaceful and stable nations in South America, which also lends it a high human development index score. The country has seen little political conflict and has low murder rates alongside one of the highest per capita incomes in its region. Chile’s GNI per capita is $14,780.
3. Kingdom of Saudi Arabia
HDI Score: 0.875
The Kingdom of Saudi Arabia, or simply Saudi Arabia, is a Middle Eastern country and a major oil exporter. It has a $2 trillion GDP and a $55,800 GDP per capita. Saudi Arabia’s primary export is crude oil, and when combined with petroleum derivative products, it contributes to more than three fourths of the country’s exports. Saudi Arabia has a GNI per capita of $21,540 and an HDI score of 0.875.
2. Kingdom of Bahrain
HDI Score: 0.875
The Kingdom of Bahrain is a West Asian island nation. It declared independence from the U.K. in 1971 and has a $87 billion economy with a $57,142 GDP per capita. Like other Middle Eastern countries, Bahrain’s primary exports are oil products, and the country also exports significant amounts of aluminum. It has a $22,950 GNI per capita and an HDI score of 0.875. The UAE and Saudi Arabia are Bahrain’s largest trading partners, and it also has one of the strongest financial sectors in the industry, making the Bahrain Dinar one of the strongest currencies in the world.
1. Republic of Poland
HDI Score: 0.876
The Republic of Poland is a Central European country. It has a $1.6 trillion GDP and a $44,289 GDP per capita. Poland’s HDI score of 0.876 is one of the highest among developing countries and it has a $16,850 GNI per capita. Its economy is also the sixth largest in the European Union and has a large and stable banking system. Production industries, mining, and machinery are some of Poland’s largest sectors, and they earn the country significant amounts of foreign exchange.
Disclosure: None. You can also take a look at Value Investor Joel Greenblatt’s Dividend Stocks and 10 Most Advanced Countries in Nuclear Fusion.
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