How many countries are considered developing countries?

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Up to 158 countries are considered developing countries, some of them are: Algeria, China, Liberia, Ghana, Kenya, Armenia, Ethopia, Fiji, Mexico, Mali, Saudi Arabia, South Africa.
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What makes a country considered developed?

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Indonesia's economy is not as developed as countries in North America / Western Europe which are now primarily serviced-based economies with GDP per capita in excess of 20,000
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Why Malaysia is considered as developed country?

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