How did Scandinavia get so rich?

Finland, Norway and Sweden had large forest resources, and, thus, timber and pulp and paper have been important export products. Sweden also has significant iron ore reserves, which brought wealth to the country even prior to modern industrialisation.

What is the average income in Scandinavia?

Swedish people earn USD 42 393 per year on average, slightly less than the OECD average USD 43 241.

Is Norway richer than Sweden?

The GDP of Sweden is $517Bn, while the GDP of Norway is $392Bn – Sweden has a higher Gross Domestic Product. The GDP/capita of Sweden is $52K/year. Norway with $73K/year has a higher GDP per inhabitant. The Swedish national debt is approximately $222Bn.

What is Scandinavia like to live in?

Scandinavia is a region where people have very high confidence in the judiciary and police, which is a very good basis for development of stable society. Perhaps this is the right place to mention that in the Nordic countries alcohol consumption is quite limited due to the highly inflated prices.

Does Scandinavia rule the roost for economic prosperity?

Scandanavian countries might look like league champions. But they don’t necessarily provide a desirable model for future prosperity in the rest of the world. Photograph: Stefano Amantini/ Atlantide Phototravel/Corbis And so another league table has confirmed what has become a truism: that when it comes to prosperity, Scandinavia rules the roost.

Why are the Scandinavians so rich?

5th reason: To a large extent the wealth of the Scandinavians is a result of financial and tax policy. Nobody can deny that it is important not only how exactly developed is the country, but also what kind of wealth distribution policy is being held.

Is it easier to become super-rich in Sweden than the US?

Turns out the US has 1.8 of those per million people; Sweden has 3.1; Germany has 1.4. So it’s twice as easy to become super-rich in Sweden as in the US.