In this article, we will take a look at the top 10 Best Countries For Raising Kids. If you wish to see our detailed analysis, you can go to 35 Best Countries For Raising Kids.
10. Austria
Austria is an excellent place to raise children. Families enjoy a high quality of life, and people are friendly and welcoming once you get to know them. After learning the language, Austria can quickly feel at home. Moreover, private health insurance providers in Austria are subject to strict regulation by the Financial Market Authority.
9. New Zealand
New Zealand is a great country to raise kids because it offers a high quality of life, a robust education system, and a safe and supportive environment. New Zealand’s Budget 2023 invests heavily in early childhood education (around $1.8 billion).
8. Australia
Occupying the Australian continent, the Commonwealth of Australia encompasses several islands, most notably Tasmania, making it one of the most favourite countries for kids. Renowned for its prosperity, Australia boasts a market-driven economy with a substantial gross domestic product and per capita income. The service sector and commodity exports underpin its robust economy. Australians are avid sports enthusiasts, and the country enjoys a commendable life expectancy for both genders. Consistently ranking highly in global livability assessments, Australia’s major cities are desirable places to live.
7. Canada
Canada is a great country to raise kids, offering a high quality of life regarding health, education, and safety. Canada has a universal healthcare system, meaning all residents have access to essential healthcare services, regardless of income or employment status. Canada’s Registered Education Savings Plan (RESP) is a tax-advantaged investment account designed to help families save for a child’s post-secondary education.
6. Switzerland
Switzerland is consistently ranked among the world’s safest, most educated, and healthiest countries. Young children are not pressured to perform academically, and the Swiss education system is highly regarded. Among students aged 6-14, Switzerland has maintained a 100% enrollment rate. While many expats choose to send their children to international schools, public schools are also excellent.
5. Netherlands
The Netherlands offers an exceptional environment for children’s development, notably in education and childcare quality. Every mother is entitled to the support of a maternity nurse, commonly referred to as “Kraamzorg,” with insurance often covering a significant portion or all associated costs.
4. Denmark
Denmark’s nurturing and encouraging environment, robust education system, and abundant family-friendly activities make it a great place to raise kids. Denmark spends USD 16,312 annually per full-time equivalent student, adjusted for purchasing power and including expenditure on research and development, compared to the OECD average of USD 12,647.
3. Finland
Finland is widely recognized as one of the best countries to raise kids, excelling in both health and entertainment for children. With a tax-funded and easily accessible healthcare system offering accessible and high-quality medical services, Finland prioritizes the well-being of its young population. Moreover, the nation boasts an extensive array of child-friendly entertainment options, including numerous parks, museums, and recreational facilities catering to children’s needs.
2. Norway
Norway is consistently ranked as one of the most environmentally suitable countries for children. With a population of over 5 million, this Scandinavian nation is known for its highly advanced health and education systems and its commitment to sustainability. With a per capita GDP of over $106,148, Norway provides an ideal environment for children to thrive.
1. Sweden
Sweden provides generous support for parents of children of all ages. Paid parental leave, reduced working hours for parents with young children, high-quality childcare, and extensive out-of-school-hours care are all available to Swedish families at a low cost (on average, the parental fee is only 11% of the price of a childcare place, the lowest fees in OECD countries).
Disclosure: None. You can also take a look at 30 Best Cities to Raise a Family in the US and 32 Best Affordable Cities to Raise a Family.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
