Keyword Analysis & Research: advanced economies

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What is the definition of advanced economies?

An advanced economy is a term used by the International Monetary Fund to describe developed countries. While there is no established numerical convention to determine whether an economy is advanced or not, advanced economies have a high level of gross domestic product per capita, as well as a very significant degree of industrialization.

Which country has the richest GDP?

Famed for its wealth and excellent standard of living, unsurprisingly Luxembourg remains at the top of the list as the world's richest country based on GDP PPP per capita.


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