Show For use of information media - Not an official record UNCTAD/PRESS/IN/2020/002 The least developed countries report 2020:productive capacities for the new decade Facts and figuresGeneva, Switzerland, 3 December 2020 The COVID-19 crisis in LDCs Economic aspects
Health aspects
Development of productive capacities and structural transformation in LDCs
The digital economy in LDCs
The COVID-19 crisis and graduation from LDC status
Are there more people living in LDCs or MDCs?About 23 percent of the world's population live in MDCs, but they consume about 80 percent of its mineral and energy resources. In contrast the LDCs are poorer and less industrially-developed. They tend to be located in the Southern Hemisphere where the climate is less favorable and soils are generally less fertile.
What are LDCs and MDCs?How are more and less developed countries different? [More developed countries (MDCs) have advanced socially and economically, whereas less developed countries (LDCs) are in the early stages of development.]
What sector are MDC jobs concentrated in Why?The tertiary sector provides goods and services to people in exchange for payment. These types of jobs include lawyers, doctors, educators, banking, retail, athletes, and others. It is probably apparent that the majority of the jobs in developed countries (MDCs) are tertiary.
What sector is highest in developing countries?In the past three decades, the services sector has grown faster than manufacturing in many developing economies. By 2019, services accounted for 55 percent of GDP and 45 percent of employment in developing economies.
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