Advanced economy

Definitions and use of term

Various organizations, including the Central Intelligence Agency (CIA) and global index providers such as MSCI and FTSE Russell, use their own methodologies to classify economies as "developed" or "advanced". These may incorporate additional measures such as market accessibility, institutional quality, and financial market maturity. Consequently, advanced economies are generally distinguished from emerging and developing economies not only by income levels, but also by the complexity, diversification, and stability of their economic systems. The IMF maintains this classification primarily for analytical purposes, and some high-income economies may still be categorized as emerging due to limited diversification (particularly those heavily dependent on a single sector, such as oil exports).

As of April 2026, 43 economies are classified as advanced. These include major global economies such as the United States, Japan, and Germany, as well as smaller or highly specialized economies such as Singapore, the Republic of Ireland, and New Zealand.