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Developed Markets

23 COUNTRIES MAKE UP THE DEVELOPED MARKETS

World Economics has combined 23 countries to represent the Developed Markets. Overall these countries account for 34% of Global GDP and 19% of global GDP growth in the past 10 years (2012-2022).

The Developed Markets are home to over 1.0 billion people with an average life expectancy of 80 years and a current median age of 41 against a global average of 30.



Economics




Developed Market
Countries
Revised GDP PPP
Int$, Billions
CAGR
10 Year
Rate
%, 2012-2022
Share of
Global
GDP
%
Share of Global GDP Growth
%, 2012-2022
Revised GDP Per Capita
Int$
Government Debt to Revised GDP
%







Australia 1,491.4 2.5% 0.9% 0.7% 57,210 51.6%
Austria 550.1 1.1% 0.3% 0.1% 60,668 72.2%
Belgium 730.2 1.3% 0.4% 0.2% 62,576 87.2%
Canada 2,108.3 1.7% 1.2% 0.7% 54,919 91.9%
Denmark 400.8 1.9% 0.2% 0.2% 68,687 27.5%
Finland 315.3 1.0% 0.2% 0.1% 56,752 58.2%
France 3,539.0 1.0% 2.1% 0.8% 53,961 98.9%
Germany 4,982.9 1.1% 2.9% 1.2% 59,402 63.9%
Hong Kong 503.8 1.4% 0.3% 0.1% 66,246 2.9%
Ireland 629.0 8.7% 0.4% 0.8% 125,292 41.9%
Israel 499.4 3.8% 0.3% 0.3% 55,963 50.9%
Italy 3,184.0 0.4% 1.9% 0.2% 52,835 119.0%
Japan 5,718.9 0.7% 3.4% 0.9% 45,538 240.7%
Netherlands 1,140.8 1.7% 0.7% 0.4% 66,284 43.9%
New Zealand 258.7 3.4% 0.2% 0.2% 52,814 51.4%
Norway 425.9 1.9% 0.2% 0.2% 77,278 34.9%
Portugal 441.3 1.5% 0.3% 0.1% 43,519 95.3%
Singapore 649.8 2.9% 0.4% 0.4% 109,330 127.8%
Spain 2,301.6 1.2% 1.3% 0.6% 49,264 93.6%
Sweden 644.6 2.0% 0.4% 0.3% 63,081 29.5%
Switzerland 676.8 2.0% 0.4% 0.3% 77,137 37.5%
United Kingdom 3,540.1 1.6% 2.1% 1.2% 51,682 78.8%
United States 22,972.6 2.0% 13.5% 9.4% 68,615 113.8%

Developed Markets
Totals / Averages:
57,705.1 N/A 33.8% 19.2% 64,307* 74.5%*


World Economics revised GDP data removes serious errors in GDP measurement.
Revised GDP data can be used to analyse and compare country investment potential, but other hidden faults may still be present in source GDP data. Learn more...


Notes:
  • GDP data includes estimates for the Informal Economy, and updated Base Years, to improve the often imperfect quality of Developed Markets data.
  • Debt-to-GDP ratio is total gross government debt as a proportion of revised GDP.
  • Data with an astrix (*) represents an average for all countries.
  • Offical GDP data quality is often poor in Developed Market countries. See data quality for individual countries.







Demography




Developed Market
Countries
Population
Data Quality
Grade
Total
Population
Millions
Life Expectancy
Years
Median
Age
Years
Statistical Capacity
0-100 Index
Age Dependency
Total






Australia A 26.1 85 37.0 100.0 46.3
Austria B 9.1 82 42.8 100.0 48.9
Belgium B 11.7 82 40.9 100.0 43.5
Canada A 38.4 83 40.2 100.0 47.9
Denmark B 5.8 81 41.3 100.0 42.7
Finland C 5.6 82 42.4 100.0 37.9
France A 65.6 83 41.6 100.0 36.9
Germany B 83.9 81 44.9 100.0 43.6
Hong Kong A 7.6 86 44.9 100.0 53.4
Ireland A 5.0 82 37.6 100.0 46.8
Israel C 8.9 82 29.0 100.0 33.1
Italy B 60.3 83 46.8 100.0 42.9
Japan A 125.6 85 48.4 100.0 28.9
Netherlands B 17.2 82 41.7 100.0 45.1
New Zealand A 4.9 83 36.5 100.0 46.6
Norway B 5.5 83 39.3 100.0 46.0
Portugal B 10.1 77 45.0 100.0 44.0
Singapore A 5.9 60 41.8 100.0 64.6
Spain B 46.7 62 43.9 100.0 48.5
Sweden B 10.2 70 39.5 100.0 39.2
Switzerland C 8.8 83 41.8 100.0 48.4
United Kingdom A 68.5 81 39.6 100.0 42.3
United States A 334.8 77 37.7 100.0 46.3

Developed Markets
Totals / Averages:
N/A 966.2 80* 41.1* 100.0* 44.5*


Notes:
  • Data with an astrix (*) represents an average for all countries.
  • Statistical Capacity Index numbers shown on a scale of 0-100.
    0 = Low level of resources, 100 = High level of resources.


Key:
Data Quality Grade definitions:
         A: As good as it gets;
         B: Use with caution;
         C: Unreliable for many purposes
         D: Extremely poor quality.








Environmental, Social and Governance




Developed Market
Countries:
Carbon Emissions
Total MTCo2e
Methane Emissions
Total MTCo2e
Population in Poverty
% of Pop
Years of Schooling
Years
Rule
of Law
0-100 Index
Corruption Levels
0-100 Index






Australia 391.2 138.0 0% 13 90.2 75
Austria 64.6 7.1 0% 12 93.1 71
Belgium 95.7 8.1 0% 12 81.4 73
Canada 545.6 103.9 0% 14 89.0 74
Denmark 29.6 7.8 0% 13 96.9 90
Finland 37.6 4.7 0% 13 100.0 87
France 306.0 58.2 0% 12 80.4 72
Germany 674.8 49.5 0% 14 88.6 79
Hong Kong 31.7 - 0% 12 84.4 76
Ireland 37.6 15.6 0% 12 86.6 77
Israel 54.5 9.5 0% 13 71.6 63
Italy 328.7 44.7 0% 11 54.5 56
Japan 1,067.4 27.7 0% 13 87.8 73
Netherlands 141.0 15.5 0% 13 91.9 80
New Zealand 33.8 31.7 0% 13 93.9 87
Norway 40.9 4.6 0% 13 97.3 84
Portugal 40.8 11.2 0% 13 76.5 62
Singapore 32.5 4.4 0% 5 94.9 83
Spain 233.7 38.8 0% 11 69.9 60
Sweden 35.8 4.7 0% 10 91.8 83
Switzerland 34.9 5.1 0% 13 93.6 82
United Kingdom 346.8 51.2 0% 13 83.9 73
United States 5,007.3 755.7 0% 14 83.7 69

Developed Markets
Totals/Averages:
9,612.5 1,397.7 N/A 12* 86.2* 75*


Notes:
  • Data with an astrix (*) represents an average for all countries.
  • Index numbers shown on a scale of 0-100.
    Rule of Law: 0 = low rule of law, 100 = High rule of law.
    Corruption Perceptions Index: 0 = High levels of corruption, 100 = Low levels of corruption.
  • Total Carbon and Methane data expressed in MTCo2e (Million Metric Tons of CO2 equivalent)
  • Data with an astrix (*) represents an average for all countries.



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