No, this is not possible. The easiest way is to have all the country display value|stored value couples in a text file. When yo want to add the to the drop list field in the form editor, you click the "avlues" link, then the "advanced editor" link, copy the content of the text file and paste it.
You could also imagine to create a JS that would replace any values by the ones you want and add this JS to your LP templates, but it seems to me a little overkill.
Lats point, vote here: "Select Value List" program token type
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Another workaround/option for this is if you create a global form that has only the Country field. Then, use this form as the foundation for all your other forms that require country.
Then, when you want to create a form, you will need to simply clone this form and add which other fields you need.