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1. New Zealand The island country, New Zealand has a modern, prosperous and developed market economy.

The country is heavily dependent on international trade and has a high demand for agricultural products. GDP: GDP: $162 billion GDP per capita: $39,300 Public debt as % of GDP: 36% (Photo: Getty Images)

. Denmark Officially the Kingdom of Denmark has a developed mixed market economy and the countrys economy stands out for its economic freedom. It has a large labour force and its support for free trade is high. GDP: $333 billion GDP per capita: $59,684 Public debt as % of GDP: 44% (Photo: ThinkStock)

. Hong Kong Hong Kong is a special administrative region and is considered to be one of the worlds leading financial centers. The country has a major capitalist service economy characterized by low taxation and free trade. GDP: $244 billion GDP per capita: $34,457 Public debt as % of GDP: 30% (Photo: Getty Images)

Singapore Singapore has a highly developed market based economy. It is known to have one of the freest, innovative, competitive and business-friendly environments worldwide. The economy depends heavily on exports and refining imported goods, especially in manufacturing. GDP: $240 billion GDP per capita: $46,241 Public debt as % of GDP: 118% (Photo: ThinkStock

5. Canada Canada has a mixed economy and manufacturing, mining and service sectors have transformed the nation from a rural economy to an industrialized one. The country is one of the world's largest suppliers of agricultural products. GDP: $1.7 trillion GDP per capita: $50,345 Public debt as % of GDP: 87% (Photo: Getty Images)

Ireland The economy of Ireland mainly focuses on services and high-tech industries. Exports play a very important role and Ireland is considered to be one of the worlds most profitable countries. GDP: $217 billion GDP per capita: $48,423 Public debt as % of GDP: 105% (Photo: Getty Images)

1. 7. Sweden Sweden is an export oriented mixed economy and is heavily oriented towards foreign trade. The countrys engineering, telecommunications, automotive and pharmaceutical industries are of great importance. GDP: $538 billion GDP per capita: $56,927 Public debt as % of GDP: 38% (Photo: ThinkStock) 2. 8. Norway Norway is a mixed economy. It features a combination of free market activity and large state ownership in certain key sectors. It is also one of the largest oil exporters in the world. GDP: $486 billion GDP per capita: $98,102 Public debt as % of GDP: 58% (Photo: Getty Images)

9. Finland Although Finland was relatively late for industrialization, the countrys economy grows rapidly. The country is highly integrated in the global economy, and international trade. GDP: $266 billion GDP per capita: $49,391 Public debt as % of GDP: 49% (Photo: Getty Images)

0. United Kingdom United Kingdom was the worlds first industrialized countries and is a now considered as one of the great powers in with its economic influence. The country has a partially regulated market economy. GDP: $2.4 trillion GDP per capita: $38,818 Public debt as % of GDP: 86% (Photo: Getty Images)

1. Australia Australia is a developed country which enjoys its high economic freedom. It is considered to be a wealthy economy with a market economy. The country is a major exporter of agricultural products.

GDP: $1.4 trillion GDP per capita: $60,642 Public debt as % of GDP: 27% (Photo: Getty Images)

12. United States The United States of America has a capitalist mixed economy which has a developed infrastructure, high productivity and sufficient natural resources. Apart from being known for its large exports the country is also one of the largest importers of goods. GDP: $15.1 trillion GDP per capita: $48,442 Public debt as % of GDP: 68% (Photo: ThinkStock)