STUDY GROUPS OF COUNTRIES IN TERMS OF ECONOMIC DEVELOPMENT

The dynamics and level of development of countries at this stage significantly differs between them. Under the influence of historical, economic,political and other factors of development they have reached practically difficult to compare the indicators. Researchers and statisticians have little to no opportunity uniquely and accurately determine the level of development of a particular country, because the dynamics of many indicators of economic development of different countries and their combination very differently. To allow for comparison of these States and was adopted the method of grouping countries by level of economic development.