Development status is determined by GDP, industrialization, and quality of life. UN uses Human Development Index (HDI) to assess social and economic development. No single metric is universally correct for developing vs developed countries
EU has third-largest economy globally with $16.6 trillion GDP in 2022. Germany, France and Italy account for over half of EU's total output. UK would have been second-largest economy at $3.4 trillion
Italy is a highly developed social market economy with high per capita income. The economy ranks 8th globally by nominal GDP and 11th by PPP-adjusted GDP. Italy is the eighth-largest exporter globally with $611 billion in 2021. The country has a strong social security system comprising 24.4% of GDP
Brazil has a nominal GDP of $2.19 trillion (2024) and ranks 8th globally. The economy is a developing mixed economy with services sector accounting for 67%. Brazil is one of the ten chief industrial states according to ILO
Turkey's GDP reached $1.344 trillion in 2024, ranking 17th globally. Manufacturing sector accounts for 22.1% of GDP, followed by trade (13.5%). Manufacturing companies include TEMSA, Otokar, BMC, and Togg. Agriculture sector produces 10% of exports and 5% of GDP
Germany is Europe's largest economy and third-largest globally by nominal GDP. Service sector contributes 70% of GDP, industry 29.1%, agriculture 0.9%. Germany recorded highest trade surplus in 2016 worth $310 billion. Economy heavily reliant on China for products and raw materials