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Why do Scandinavian countries rank high in the ranking of rich countries?

Every year, the Scandinavian countries take honorable first places in the ranking of the richest countries, and their people are considered one of the happiest people in the world. At the same time, northern European countries cannot boast of fertile soils or a large number of minerals. So how do Norway, Denmark, Sweden, Iceland and Finland manage to stay at such a high level?

Scandinavian model

Northern European countries are very different from other countries. It has its own social and economic policies. The Scandinavian model is special in that the state fiercely protects the rights of its citizens, supports them in various fields, and values ​​each individual and their contribution to the common cause.

Big taxes are no problem

Scandinavian countries have the highest taxes, but locals are not shy. They fully trust their government and know that the money invested in the treasury will return to them in the form of social support.


Northern European countries are one of the least corrupt and the local economic system is as transparent as possible. So all the money people invest goes to people’s needs. They have good schools, quality free medicine, and numerous social benefits.

all levels

Northern European countries are trying to avoid a large social divide among the local population. They are not rich or poor. If the economic distance to people begins to increase, the state artificially reduces it. In this case, the richest have to pay more taxes, and those who are in financial distress receive benefits.

But it’s not just low-income citizens who can seek help. Different support of the state is aimed at all residents of northern European countries. For example, entrepreneurs may not worry about starting their business because in Scandinavian countries the risks are minimal. The state will surely help all businessmen as much as it can.

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Scandinavians have the same level of services. Regardless of a person’s income, the services provided by the government will be the same. The same schools, hospitals, etc.

another culture

The Scandinavian model became possible only because people had full trust in their state and had high social responsibility. Scandinavians are used to thinking not only of themselves, but also of other citizens of the country.

Some believe this attitude is due to the harsh climate that characterizes these countries. Northern European people are used to just helping each other. Others believe that people are very affected by the lack of serfdom.

attitude to work

No matter who the Scandinavian works for, he always approaches the subject responsibly. They are convinced that any job must be done honestly, with due care, and correctly. Even the heads of companies are always taught to the end. Most Scandinavians are very responsible, frugal and honest, which undoubtedly pays off.


Source: GSM Info

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