By accessing the magento collections we can get country list in magento,
Here is the code to get all the countries in magento


   $collection = Mage::getModel('directory/country')->getCollection();    
   foreach ($collection as $country) 
       $cid = $country->getId();
       $cname = $country->getName();
       echo 'Country ID -> '.$cid.' Country Name -> '.$cname.'<br/>';

Hope you get country list in magento using this code snippet.

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