Individual freedomsâranging from the right to vote to freedom of expression and equality before the lawâcan be affected by state or nonstate actors. For countries by GDP based on purchasing power parity, see. First World Countries List Other links The theory of the First World discovered during the Cold War and comprised countries that were usually aligned with or on friendly terms with the USA (comprising all NATO countries) and were usually recognized as non-theocratic democracies with ⦠Rule of Law. Its overall score has decreased by 0.3 point, primarily because of a decline in property rights. PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, does not take into account the differences of quality of goods and services among countries, and it also requires more estimation than nominal GDP. Freedom House rates peopleâs access to political rights and civil liberties in 210 countries and territories through its annual Freedom in the World report. Yes, On a Relative Basis", https://www.sprep.org/att/IRC/eCOPIES/Countries/Tuvalu/22.pdf, "5 Most Powerful Economic Empires of All Time", "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition", "United Nations Statistics Division - National Accounts", "Report for Selected Countries and Subjects: October 2020", "All countries and regions/subregions (totals) for all years - sorted by region/subregion", List of top international rankings by country, Number of broadband Internet subscriptions, https://en.wikipedia.org/w/index.php?title=List_of_countries_by_GDP_(nominal)&oldid=1012162297, Wikipedia indefinitely semi-protected pages, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 14 March 2021, at 23:13. Perhaps not unexpectedly, Switzerland has continued its reign as the best country in the world, according to the 2020 Best Countries report by US News Report. Denmark is ranked 5th among 45 countries in the Europe region, and its overall score is above the regional and world averages. Age Urban Pop % World Share; 1: China: 1,439,323,776: 0.39 %: 5,540,090: 153: 9,388,211-348,399: 1.7: 38: 61 %: 18.47 %: 2: India: 1,380,004,385: 0.99 %: 13,586,631: 464: 2,973,190-532,687: 2.2: 28: 35 %: 17.70 %: 3: United States: 331,002,651: 0.59 %: 1,937,734: 36: 9,147,420: 954,806: 1.8: 38: 83 %: 4.25 %: 4: ⦠The first list includes estimates compiled by the International Monetary Fund's World Economic Outlook, the second list shows the World Bank's data, and the third list includes data compiled by the United Nations Statistics Division. By the first definition, some examples of second world countries include: Bulgaria, the Czech Republic, Hungary, Poland, Romania, Russia, and China, among others. Here are the 10 countries with the lowest human development indexes: Tuvalu (0) Somalia (0) Niger (0.354) Central African Republic (0.367) South Sudan (0.388) Chad (0.404) Burundi (0.417) Sierra Leone (0.419) Burkina Faso (0.423) Mali (0.427) Jordan K Kazakhstan Kenya Kiribati Korea, Dem. A former British colony, this special administrative region of China is a gateway to the mainland and Asiaâs top financial center. Qatar. The era known as the "Cold War" was a political constellation of countries with two different world-views. member states of the NATO). Read More About DenmarkDenmark’s economic freedom score is 77.8, making its economy the 10th freest in the 2021 Index. What we still donât know. Read More About EstoniaEstonia’s economic freedom score is 78.2, making its economy the 8th freest in the 2021 Index. What will 2021 bring? Holidays and Observances Around the World . Cameroon. Getty COUNTRIES⦠Hereâs a ⦠Australia is ranked 3rd among 40 countries in the Asia–Pacific region, and its overall score is above the regional and world averages. Central African Republic (CAR) Chad. It was the largest from 2004, when ten countries joined the union,[19] to 2014, after which it was surpassed by the United States.[20]. Rate Med. (2020) Land Area (Km²) Density (P/Km²) 1: Afghanistan: 38,928,346: 652,860: 60: 2: ⦠Canada is ranked 1st among 32 countries in the Americas region, and its overall score is above the regional and world averages. Home | Country Rankings | Graph The Data | Heat MapExplore the Data | Downloads | FAQs| About The Index. Situated 400 kilometers off the coast of East Africa, Madagascar is the fourth largest island in the world. All Rights Reserved. Alfred Sauvy, a French economic historian, coined the phrase, the term Third World referred to the developing countries of Asia, Africa, and Latin America, the nations not aligned with either the First World or the Second World.This usage has become relatively rare due to the ending of the Cold War. Have a look beneath. Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. No Change in Rank from 2019. Burundi. Its overall score has increased by 0.3 point, primarily because of an improvement in the score for government spending. Burkina Faso. © 2021 by The Heritage Foundation. Its overall score has decreased by 0.9 point, primarily because of a decline in judicial effectiveness. Its overall score has decreased by 0.5 point, primarily because of a decline in labor freedom. Peopleâs Rep. Kosovo 3), Germany (No. The IMF definitive data for the past year and estimates for the current year are published twice a year in April and October. This is because Qatar stands out with a GDP per capita of $128,070. [4], Comparisons of national wealth are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. (2020) Yearly Change Net Change Density (P/Km²) Land Area (Km²) Migrants (net) Fert. New Zealand is ranked 2nd among 40 countries in the AsiaâPacific region, and its overall score is above the regional and world averages. Property Rights 91.3. So according to the UN, this puts t⦠The name used in IMF's an the World Bank's report is "West Bank and Gaza". Ranked 4 among 190 economies in the World Bankâs Ease of Doing Business index thanks to its good infrastructure and many tax incentives, Hong Kong is an incredibly popular destination to launch a start-up, with foreigners allowed to own 100% of their businesses without any citizenship, residency or nationality requirements. In summary, below is a list of the Top 10 richest countries in the World 2020 today. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Canada. Compare two countries using any of the measures in the Index. [3] Such fluctuations may change a country's ranking from one year to the next, even though they often make little or no difference in the standard of living of its population. The Second World consisted of the communist Soviet Union and its Eastern European satellites. Qatar is the richest country in the world in 2021 today. Most of the big spots on the map can be filled in with countries that are members of the UN. If no data is available for a country from the IMF, then data from the United Nations is used. Read More About New ZealandNew Zealand’s economic freedom score is 83.9, making its economy the 2nd freest in the 2021 Index. 2), Japan (No. Read More About United KingdomThe United Kingdom’s economic freedom score is 78.4, making its economy the 7th freest in the 2021 Index. [18] When supranational entities are included, the European Union is the second largest economy in the world. Top 10 Richest Countries in The World 2021. Switzerland, officially called the Swiss Federation, is a small country in Central Europe⦠1), Canada (No. The United Nations is a body of 193 sovereign independent nation states. US News calls it "the ⦠United States. 2019 Nominal GDP in Current U.S. Read More About IrelandIreland’s economic freedom score is 81.4, making its economy the 5th freest in the 2021 Index. Read More About TaiwanTaiwan’s economic freedom score is 78.6, making its economy the 6th freest in the 2021 Index. 1 spot in the U.S. News & World Report 2020 Best Countries rankings. Best Countries 2020 Global rankings, international news and data insights. Estonia is ranked 4th among 45 countries in the Europe region, and its overall score is above the regional and world averages. October 6, 2020. The central European nation with a population of just 8.5 million is basking in its fourth year at the No. Known for its astonishing wildlife, the flourishing tourism industry has not been able to lift the country out of poverty. Luxembourg. [15][1] Among others, India has also experienced an economic boom since the implementation of economic liberalisation in the early 1990s. Switzerland is ranked 1st among 45 countries in the Europe region, and its overall score is above the regional and world averages. The United Kingdom is ranked 3rd among 45 countries in the Europe region, and its overall score is above the regional and world averages. Go to library â¹ List of third countries 2020 published up List of third countries Deployment 2019 ⺠Get updates on the ongoing policy battles in Washington and around the country. Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Its overall score has increased by 0.5 point, primarily because of an improvement in judicial effectiveness. To measure the landmass and size of the countryâs area is by far the most accurate and fair way of measuring the largest countries in the world. More of CNNâs Covid-19 coverage. 2020 DEVELOPING COUNTRIES The following countries are eligible for the developing country registration rate to attend AOAâs 134th Annual Meeting in Orlando, Florida, USA The above is considered developing economies according to The World ankâs 2019 â 2020 report. Data are for the area controlled by the Government of the Republic of Cyprus. Read More About CanadaCanada’s economic freedom score is 77.9, making its economy the 9th freest in the 2021 Index. The top five are Switzerland (No. The name used in IMF's report is "Hong Kong SAR". The Second World is a Western term to regard to the former socialist industrial countries ⦠Its overall score has increased by 0.5 point, primarily because of an improvement in judicial effectiveness. Click on a country name below to access the full country narrative report. Such fluctuations may cha⦠A list of third countries 2020 under EUAid Volunteers library has been published. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition (such as Kosovo, the State of Palestine and Taiwan) are included in the list where they appear in the sources. The name used in IMF's report is "Macao SAR". If youâre familiar with world geography, the number one largest country in the world might not be so surprising, but itâs still interesting to see how it differs when measuring the tot⦠Singapore is ranked 1st among 40 countries in the Asia–Pacific region, and its overall score is well above the regional and world averages. The name used in IMF's report is "Taiwan Province of China". Carefully researched and constantly updated. Public holidays and other special days in 200+ countries. Taiwan is ranked 4th among 40 countries in the Asia–Pacific region, and its overall score is above the regional and world averages. [13], Although the rankings of national economies have changed considerably over time, the United States has maintained its top position since the Gilded Age, a time period in which its economy saw rapid expansion, surpassing the British Empire and Qing dynasty in aggregate output. [14][15] Since China's transition to a market-based economy through controlled privatisation and deregulation,[16][17] the country has seen its ranking increase from ninth in 1978 to second to only the United States in 2016 as economic growth accelerated and its share of global nominal GDP surged from 2% in 1980 to 15% in 2016. Home Earth Continents Countries First, Second and Third World Countries of the First World Index of all Countries of the World: Countries of the First World List of Countries of the First World The term First World originally refers to the capitalist, industrialized countries, within the Western European and United States' sphere of influence, (e.g. Track the global spread of coronavirus with maps and updates on cases and deaths around the world. The phrase âThird World Countriesâ originated in 1952 during the time of the Cold War. Top 20 Countries in the World: Readers' Choice Awards 2020. This covers everything you probably first think of as a country: Canada, Bolivia, Germany, Botswana, Malaysia, etc. The US retains its position as the world's most-powerful country. Its overall score has decreased by 0.2 point, primarily because of a decline in the score for government spending. A good place to start any list of countries is with the UN. The United States ranks 7th on the list of the best countries in the world. There is a discrepancy between the data for China given by IMF's World Economic Outlook (October 2020) database and the same data given by IMF's DATAMAPPER; the number here is from the former source. C. Cabo Verde. Read More About SingaporeSingapore’s economic freedom score is 89.7, making its economy the freest in the 2021 Index. Its overall score has increased by 1.5 points, primarily because of an improvement in government integrity. [11] Tuvalu is the world's smallest national economy, with a GDP of about $45 million, because of its very small population, a lack of natural resources, reliance on foreign aid, negligible capital investment, demographic problems (overpopulation and paradoxical "brain drain"),[12] and low average incomes. Read More About SwitzerlandSwitzerland’s economic freedom score is 81.9, making its economy the 4th freest in the 2021 Index. Its overall score has decreased by 0.2 point, primarily because of small declines in property rights and trade freedom. Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. The only country that is generally recognized as an independent nation but is not in the UN would be Vatican City, which has observer status at the UN. The Second World was the so-called Communist Bloc: the Soviet Union, China, Cuba and friends. These are marked in italics. For the first time, the 2020 report also ranked the happiest cities around the world. If we look even closer, the top five countries in terms of nominal GDP -- the U.S., China, Japan, Germany and India -- contribute a whopping 55% to the worldâs GDP. List of countries by GDP (nominal) per capita, List of countries by GDP (PPP) per capita, List of countries by past and projected GDP (nominal), List of countries by past and projected GDP (PPP), "World Economic Outlook Database, October 2020", "What is GDP and why is it so important? The map above shows the two major geopolitical blocs, some 'neutral,' non-aligned countries, and countries of the Third World in the period between the end of the Second World War and the collapse of the Soviet Union (USSR) in 1991. Second World countries were the Eastern bloc of communist-socialist states. Its overall score has decreased by 0.1 point, with only small changes registered in individual indicators. The majority of the population is still dependent upon agriculture for their livelihoods, leaving the countryâs economy especially vulnerable to weather-related disasters. ", "A Beginner's Guide to Purchasing Power Parity Theory", "Economic Growth and Real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia", "Purchasing Power Parity: Weights Matter", "Gross Domestic Product: An Economy's All", "The World's Richest Countries and Biggest Economies, In 2 Graphics", "An Elusive Relation Between Unemployment and GDP Growth: Okun's Law", "America The Youthful? Cambodia. Here's a list and timeline of all the crazy things that happened in 2020. Based on IMF data. You can also rank countries by their population, but then you get a list of the most populated countries in the world. For the 4th year in a row, Switzerland took the top spot on the list. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Ireland is ranked 2nd among 45 countries in the Europe region, and its overall score is above the regional and world averages. In a socio-economic sense, similar to those assumed by the terms First and Third world in the post-Cold War environment, the clearest definition for the Second World would be newly industrialized countries such as Thailand, India, Malaysia, Turkey, and Brazil. [5] On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. Read More About AustraliaAustralia’s economic freedom score is 82.4, making its economy the 3rd freest in the 2021 Index. 2020 was full of major, world-shifting events. [6], The United States is the world's largest economy with a GDP of approximately $20.513 trillion, notably due to high average incomes, a large population,[7] capital investment, low unemployment,[8] high consumer spending,[9] a relatively young population,[10] and technological innovation. United States. Dollars: $21.43 trillion 2019 PPP Adjusted ⦠Condé Nast Traveler readers rank their favorite countries around the world. New Zealand is ranked 2nd among 40 countries in the Asia–Pacific region, and its overall score is above the regional and world averages. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year.