Developed market

In investing, a developed market is a country that is most developed in terms of its economy and capital markets. The country must be high income, but this also includes openness to foreign ownership, ease of capital movement, and efficiency of market institutions. This term is contrasted with developing market (emerging markets and frontier markets are types of developing markets).

As of October 2024, FTSE Group classifies the following 26 countries as developed markets:^[1]

As of June 2024, MSCI classified the following 23 countries as developed markets:^[2]

As of October 2024, Standard and Poor's classifies the following 25 countries as developed markets:^[3]

As of September 2024, STOXX classifies the following 25 countries as developed markets:^[4]

Country	FTSE[1]	MSCI[2]	S&P[3]	STOXX[4]
Australia	Y	Y	Y	Y
Austria	Y	Y	Y	Y
Belgium	Y	Y	Y	Y
Canada	Y	Y	Y	Y
Denmark	Y	Y	Y	Y
Finland	Y	Y	Y	Y
France	Y	Y	Y	Y
Germany	Y	Y	Y	Y
Hong Kong	Y	Y	Y	Y
Ireland	Y	Y	Y	Y
Israel	Y	Y	Y	Y
Italy	Y	Y	Y	Y
Japan	Y	Y	Y	Y
Luxembourg	Y	N	Y	Y
Netherlands	Y	Y	Y	Y
New Zealand	Y	Y	Y	Y
Norway	Y	Y	Y	Y
Poland	Y	N	N	Y
Portugal	Y	Y	Y	Y
Singapore	Y	Y	Y	Y
South Korea	Y	N	Y	N
Spain	Y	Y	Y	Y
Sweden	Y	Y	Y	Y
Switzerland	Y	Y	Y	Y
United Kingdom	Y	Y	Y	Y
United States	Y	Y	Y	Y

• Developed country
• Emerging market
• First World
• Frontier markets
• Global North and Global South