advanced economies

advanced economies

a term used by the International Monetary FUND (IMF) for the top group in its hierarchy of advanced economies, countries in transition, and developing countries; it includes the following 33 advanced economies: Australia, Austria, Belgium, Canada, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hong Kong, Iceland, Ireland, Israel, Italy, Japan, South Korea, Luxembourg, Malta, Netherlands, NZ, Norway, Portugal, Singapore, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Taiwan, UK, US; note - this group would presumably also cover the following nine smaller countries of Andorra, Bermuda, Faroe Islands, Guernsey, Holy See, Jersey, Liechtenstein, Monaco, and San Marino that are included in the more comprehensive group of "developed countries"