Key figures in comparison(All figures weighted according to population share. The first world is represented by the NATO states, the second world includes the Eastern bloc states, and the third world includes all other states from a political point of view. The content of this designation is also controversial, since the model of the three worlds was originally used to express political affiliation after the Cold War. In the countries concerned themselves, this classification is often considered defamatory. Income above 12,056 US dollars: High-income countries Designation as Third World Colloquially, developing countries are also referred to as "Third World" countries, especially in wealthy industrialized nations.Income below 12,055 US dollars: Upper middle-income countries.Income below 3,895 US dollars: Lower middle-income countries.Income below 995 US dollars: Low-income countries.Degree of participation in the international financial systemĪ further classification, which is occasionally equated with a developing country, was created by the World Bank with a pure classification according to average annual income.If a country's economy is based on only one industrial sector, this is not a stable situation, according to the International Monetary Fund.) In some Gulf states in particular, well over half of all exports consist of crude oil products. Diversification of export goods (some countries export a lot, but only a few different products.Here, states are classified on the basis of three criteria: Probably the most widespread interpretation of the term "developing country" is that of the International Monetary Fund (IMF). This index combines the framework conditions of daily life such as nutrition, medical care, education and income into a comparable index. Nevertheless, with the "Human Development Index," they provide an important underlying value. Although the United Nations determines which countries are among the least developed countries, it has not itself adopted criteria for developing countries. 2.500 USD 140. Explanation of the term "Developing Country" The definition of a developing (or developed) country is not always clear.
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