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Why is Germany a developed country?
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What is a developed country?
- Norway. According to the UN Development Report, Norway is the most developed nation in the world. Norway has an HDI of 0.954, making it a "very high development" country.
- Switzerland. The second most-developed country in the world is Switzerland, with an HDI of .0946. Switzerland's life expectancy is even higher than Norway's at 83.6 years.
- Ireland. With an HDI of 0.942, Ireland is the third-most developed country. Ireland moved up in the UN's rankings faster than any other country in the last five years.
- Germany. Germany ranks fourth for the most developed countries. Germany's HDI is 0.939, tied with Hong Kong. Germany's high HDI is driven by its high quality of life and a strong economy, which is the strongest in Europe and the fourth-largest in the world.
Sep 4, 2023 · Germany is Europe's largest economy and the most populous country in the European Union. Achieving national unity later than other European nations, Germany quickly caught up economically and...
Germany At-A-Glance. Germany became the first country in Europe to establish a development ministry, in 1961. Today, Germany is the fourth largest shareholder of the World Bank. It joined the IBRD in 1952, and the IDA in 1960. Overview.
Germany is a major exporter – but exports are not everything. Let us explain why Germany is a developed country, what type of economy Germany has and which factors make Germany’s economy so strong. One important role is played by German industry.
Sep 28, 2017 · Germany is Europe's most industrialized and populous country. Famed for its technological achievements, it has also produced some of Europe's most celebrated composers, philosophers and...
5 days ago · Background. As Europe's largest economy and second most-populous nation (after Russia), Germany is a key member of the continent's economic, political, and defense organizations. Divided after World War II, Germany reunified in 1990 when the USSR collapsed and the Cold War ended.
The economy of Germany is a highly developed social market economy. [24] . It has the largest national economy in Europe, the third-largest by nominal GDP in the world, and fifth by GDP (PPP). Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates sharply.
