On What Bases The Developed and Underdeveloped Nations Categorized

[Fragrance1122]

Lately I was thinking that the currency of Kuwait is much stronger than the rest of the world. But IMF didn't put it in its list to call it a developed nation. Why ? The rest china is still developing although it is in competition with the US in imports and exports and how did they respond to the implementation of tariffs earlier by US.But that is still in developing list, why ?Strait of Hormuz passes 20 percent of world's oil and produce much oil than the rest of the world. But it is still developing and some called it a lower middle class country. United Arab Emirates has a diversified culture and millions of tourist visits it for entertainment and business purposes but it is still called emerging. I came to know earlier that people of 156 countries are residents in there.

So what is the basic necessities for being so called developed?On what bases the developed and underdeveloped nations categorized?
Is it infrastructure, superstructure, nuclear power, the military , a stronger economy or any other criteria. This might seems a childish question but I am sure that most of the people doesn't have any idea about this. Share your thoughts and experiences. Thankyou

[_act_]

China is considered as developing country, but Kuwait is still considered a developed country, although which is not completely developed.

Economic output is not only what is used to determine how developed a country is. Quality of living, individual earnings/incomes, education, poverty level, economy, infrastructure, technology and some other things are used to determine a developed country, but you only want to use technology to determine it which is not like that.

[Joy_learns_crypto]

You first have to compare GDP, all the ranks have their GDP and for China to be placed at the position that it is that's because it doesn't stand within the GDP of a developed country.
Most people aren't familiar with the less glamorous parts of China which are more than the glamorous parts, China are an industrious country that is quickly developing but they haven't yet reached the economic level of a developed country. This also doesn't mean they can't take on a developed country like they did in the tariff case with the US.

Iran having 20% of oil passage route doesn't make them a developed country, Nigeria is in a big name in countries with crude oil as their natural resources but it is an under developed country, so a country can have the natural resources and have not made anything from it.

[_act_]

You first have to compare GDP, all the ranks have their GDP and for China to be placed at the position that it is that's because it doesn't stand within the GDP of a developed country.

Since many years ago, China has the second largest nominal GDP and it is far higher than the third highest. If it is the PPP, China is the highest in the world.

Iran having 20% of oil passage route doesn't make them a developed country, Nigeria is in a big name in countries with crude oil as their natural resources but it is an under developed country, so a country can have the natural resources and have not made anything from it.

Nigeria is not an underdeveloped country, it is a developing country.

[Joy_learns_crypto]

You first have to compare GDP, all the ranks have their GDP and for China to be placed at the position that it is that's because it doesn't stand within the GDP of a developed country.

Since many years ago, China has the second largest nominal GDP and it is far higher than the third highest. If it is the PPP, China is the highest in the world.

Iran having 20% of oil passage route doesn't make them a developed country, Nigeria is in a big name in countries with crude oil as their natural resources but it is an under developed country, so a country can have the natural resources and have not made anything from it.

Nigeria is not an underdeveloped country, it is a developing country.

.what I actually meant is China has a low GDP per Capita, we have to recognize that it has the second largest population in the world just behind india.

On Nigeria it actually preferences, the world bank considers Nigeria a developing country, but since Nigerian indigenous news paper considered it under developed, realistically as a Nigerian I think we suffer some economic hardship that doesn't befit our status.