10 Most Expensive Countries in Europe

3. Norway

Real GDP / GDP by PPP ratio: 1.13

5 year GDP growth rate: 26.7%

Norway’s riches come from its vast oil reserves, which have been used to fund a social system in the country to ensure that the distribution of income isn’t one sided, which is why the cost of living is higher in the country. High progressive tax rates in the nation are implemented to maintain an egalitarian society, which seems to be working as despite the country being so expensive to live in, it also regularly ranks among the happiest countries in the world.