A developing country refers to a nation that has not yet reached the level of economic and social development typically seen in more industrialized countries.
Related terms
Developed Country: A developed country is one that has already achieved high levels of economic and social development.
Gross Domestic Product (GDP): GDP measures the total value of all goods and services produced within a country's borders in a specific time period.
Human Development Index (HDI): HDI is an indicator that measures a country's overall well-being based on factors like life expectancy, education, and income.