Egypt is a developing country, ranking 116th on the Human Development Index. Politically, however, it is considered to be a regional power in North Africa, the Middle East and the Muslim world, and a middle power worldwide. Egypt has a diversified economy, which is the second-largest in Africa, the 33rd-largest economy by nominal GDP, and the 20th-largest globally by PPP. Egypt is a founding member of the United Nations, the Non-Aligned Movement, the Arab League, the African Union, Organisation of Islamic Cooperation and the World Youth Forum.