blog




  • Essay / Determine the economic status of a country: Switzerland

    Each country in the world can be classified according to its level of development. Each country can be classified into a broad category of developed or developing countries. In order to determine the development of a country, geographers must calculate the HDI or Human Development Index of a country. This figure takes into account three factors: a decent standard of living, a long and healthy life and access to knowledge. The closer a country is to 1.0, the more developed it is. Switzerland, for example, has an HDI of 9.13, placing it ninth in the world out of nearly 200 countries currently ranked. Switzerland is considered a developed country not only because of its high HDI, but also because of its strong economy, healthy society and advanced technology. Switzerland can be considered developed because it has a strong economic system. The gross national income per capita is $82,730. This is the country's income divided by its total population. Globally, Switzerland ranks second in terms of GNI, meaning it is classified as a high-income country; one of the many brands of a developed country. The GDP or gross domestic product per capita is 79,052 US dollars, which places Switzerland in the top seven in the International Monetary Fund rankings, the World Bank rankings, the CIA Factbook world rankings and the Nations rankings. United. A high GDP contributes greatly to the development of a country because it represents the value of all final goods and services produced in a nation in a given year. In addition to its high income and the high value of its products, Switzerland ranks second among the least risky countries when it comes to investment. Switzerland's strong economy makes it a developed country that consistently boasts high income, investment stability, and the value of its products. Switzerland...... middle of paper ...... how most of the Swiss population has largely left primary and tertiary level jobs. This transition is part of being a developed country. Technological advances in the Internet, education, sanitation and employment show how developed a country Switzerland is. Human geographers sometimes have difficulty determining the development of a country, but when it comes to Switzerland, it is quite clear. Switzerland is a developed country that has all the advantages one could expect. They have a strong economy with high income and product value. Their population can expect to live a long, healthy life with sufficient food reserves. Switzerland is advanced in education, technology and jobs, which gives it developed characteristics. All these aspects combined with the high HDI of 0.913 lead me to conclude that Switzerland is a developed country..