Definition
Developing country
A developing country is generally defined as a nation with a lower level of industrialization, lower standards of living and lower GDP, compared to more economically advanced countries.
A developing country—also called a less developed country or emerging market—has a lower gross domestic product (GDP) than developed countries, with a less mature and sophisticated economy.
Average income per resident is lower in developing countries and residents tend to have limited access to quality health care and education.
Because developing countries start from a point of relatively low GDP, their growth rate is often higher than those of developed countries.