Country Composition of WEO Groups

The country classification in the World Economic Outlook divides the world into two major groups: advanced economies and emerging and developing economies. Please refer to the introduction to the WEO's Statistical Appendix for details. This classification is not based on strict criteria, economic or otherwise, and it has evolved over time. The objective is to facilitate analysis by providing a reasonably meaningful method of organizing data.

Some countries remain outside the country classification and therefore are not included in the analysis. Cuba and the Democratic People’s Republic of Korea are examples of countries that are not IMF members, and the IMF therefore does not monitor their economies.

Advanced Economies

Euro Area
Major Advanced Economies (G7)
Other Advanced Economies (Advanced Economies excluding G7 and Euro Area)
European Union
ASEAN-5

Emerging Market and Developing Economies

Emerging and Developing Asia
Emerging and Developing Europe
Latin America and the Caribbean
Middle East and Central Asia
Sub-Saharan Africa

Advanced Economies

Andorra
Australia
Austria
Belgium
Canada
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece

Hong Kong SAR
Iceland
Ireland
Israel
Italy
Japan
Korea
Latvia
Lithuania
Luxembourg
Macao SAR
Malta
The Netherlands
New Zealand

Norway
Portugal
Puerto Rico
San Marino
Singapore
Slovak Republic
Slovenia
Spain
Sweden
Switzerland
Taiwan Province of China
United Kingdom
United States



Euro Area

Austria
Belgium
Croatia
Cyprus
Estonia
Finland
France

Germany
Greece
Ireland
Italy
Latvia
Lithuania
Luxembourg

Malta
The Netherlands
Portugal
Slovak Republic
Slovenia
Spain



Major Advanced Economies (G7)

Canada
France
Germany

Italy
Japan
United Kingdom

United States



Other Advanced Economies
(Advanced Economies excluding G7 and Euro Area)

Andorra
Australia
Czech Republic
Denmark
Hong Kong SAR
Iceland

Israel
Korea
Macao SAR
New Zealand
Norway
Puerto Rico

San Marino
Singapore
Sweden
Switzerland
Taiwan Province of China



European Union

Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland

France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg

Malta
The Netherlands
Poland
Portugal
Romania
Slovak Republic
Slovenia
Spain
Sweden



ASEAN-5

Indonesia
Malaysia
Philippines

Singapore
Thailand



Emerging and Developing Economies

Afghanistan
Albania
Algeria
Angola
Antigua and Barbuda
Argentina
Armenia
Aruba
Azerbaijan
The Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belize
Benin
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Brunei Darussalam
Bulgaria
Burkina Faso
Burundi
Cabo Verde
Cambodia
Cameroon
Central African Republic
Chad
Chile
China
Colombia
Comoros
Democratic Republic
  of the Congo
Republic of Congo
Costa Rica
Côte d'Ivoire
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Eswatini
Ethiopia
Fiji
Gabon
The Gambia




Georgia
Ghana
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hungary
India
Indonesia
Iran
Iraq
Jamaica
Jordan
Kazakhstan
Kenya
Kiribati
Kosovo
Kuwait
Kyrgyz Republic
Lao P.D.R.
Lebanon
Lesotho
Liberia
Libya
Madagascar
Malawi
Malaysia
Maldives
Mali
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia
Moldova
Mongolia
Montenegro
Morocco
Mozambique
Myanmar
Namibia
Nauru
Nepal
Nicaragua
Niger
Nigeria
North Macedonia
Oman
Pakistan
Palau
Panama
Papua New Guinea

Paraguay
Peru
Philippines
Poland
Qatar
Romania
Russia
Rwanda
Samoa
São Tomé and Príncipe
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Solomon Islands
Somalia
South Africa
South Sudan
Sri Lanka
St. Kitts and Nevis
St. Lucia
St. Vincent and the Grenadines
Sudan
Suriname
Syria
Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Tonga
Trinidad and Tobago
Tunisia
Türkiye
Turkmenistan
Tuvalu
Uganda
Ukraine
United Arab Emirates
Uruguay
Uzbekistan
Vanuatu
Venezuela
Vietnam
West Bank and Gaza
Yemen
Zambia
Zimbabwe



Emerging and Developing Asia

Bangladesh
Bhutan
Brunei Darussalam
Cambodia
China
Fiji
India
Indonesia
Kiribati
Lao P.D.R.
Malaysia
Maldives
Marshall Islands
Micronesia
Mongolia

Myanmar
Nauru
Nepal
Palau
Papua New Guinea
Philippines
Samoa
Solomon Islands
Sri Lanka
Thailand
Timor-Leste
Tonga
Tuvalu
Vanuatu
Vietnam



Emerging and Developing Europe

Albania
Belarus
Bosnia and Herzegovina
Bulgaria
Hungary
Kosovo
Moldova
Montenegro

North Macedonia
Poland
Romania
Russia
Serbia
Türkiye
Ukraine



Latin America and the Caribbean

Antigua and Barbuda
Argentina
Aruba
The Bahamas
Barbados
Belize
Bolivia
Brazil
Chile
Colombia
Costa Rica

Dominica
Dominican Republic
Ecuador
El Salvador
Grenada
Guatemala
Guyana
Haiti
Honduras
Jamaica
Mexico
Nicaragua

Panama
Paraguay
Peru
St. Kitts and Nevis
St. Lucia
St. Vincent and the Grenadines
Suriname
Trinidad and Tobago
Uruguay
Venezuela



Middle East and Central Asia

Afghanistan
Algeria
Armenia
Azerbaijan
Bahrain
Djibouti
Egypt
Georgia
Iran
Iraq
Jordan
Kazakhstan
Kuwait
Kyrgyz Republic
Lebanon
Libya

Mauritania
Morocco
Oman
Pakistan
Qatar
Saudi Arabia
Somalia
Sudan
Syria
Tajikistan
Tunisia
Turkmenistan
United Arab Emirates
Uzbekistan
West Bank and Gaza
Yemen



Sub-Saharan Africa

Angola
Benin
Botswana
Burkina Faso
Burundi
Cabo Verde
Cameroon
Central African Republic
Chad
Comoros
Democratic Republic
  of the Congo
Republic of Congo
Côte d'Ivoire
Equatorial Guinea

Eritrea
Eswatini
Ethiopia
Gabon
The Gambia
Ghana
Guinea
Guinea-Bissau
Kenya
Lesotho
Liberia
Madagascar
Malawi
Mali
Mauritius
Mozambique

Namibia
Niger
Nigeria
Rwanda
São Tomé and Príncipe
Senegal
Seychelles
Sierra Leone
South Africa
South Sudan
Tanzania
Togo
Uganda
Zambia
Zimbabwe

Aggregation Methods

Composite data for country groups in the WEO are either sums or weighted averages of data for individual countries. Arithmetically weighted averages are used for all data for the emerging market and developing economies group—except data on inflation, for which geometric averages are used. The following conventions apply:

Composites for other data relating to the domestic economy, whether growth rates or ratios, are weighted by GDP valued at purchasing power parity as a share of total world or group GDP. For the aggregation advanced economies (and subgroups) inflation, annual rates are simple percentage changes from the previous years; for the aggregation of world and emerging market and developing economies (and subgroups) inflation, annual rates are based on logarithmic differences.

Composites for real GDP per capita in purchasing power parity terms are sums of individual country data after conversion to the international dollar in the years indicated.

Unless noted otherwise, composites for all sectors for the euro area are corrected for reporting discrepancies in transactions within the area. Unadjusted annual GDP data are used for the euro area and for the majority of individual countries, except for Cyprus, Ireland, Portugal, and Spain, which report calendar-adjusted data. For data prior to 1999, data aggregations apply 1995 European currency unit exchange rates.

Composites for fiscal data are sums of individual country data after conversion to US dollars at the average market exchange rates in the years indicated.

Composite unemployment rates and employment growth are weighted by labor force as a share of group labor force.

Composites relating to external sector statistics are sums of individual country data after conversion to US dollars at the average market exchange rates in the years indicated for balance of payments data and at end-of-year market exchange rates for debt denominated in currencies other than US dollars.

Composites of changes in foreign trade volumes and prices, however, are arithmetic averages of percent changes for individual countries weighted by the US dollar value of exports or imports as a share of total world or group exports or imports (in the preceding year).

Unless noted otherwise, group composites are computed if 90 percent or more of the share of group weights is represented.