5 Most Egalitarian Countries in the World

4. Finland

Average Rank: 5.75

According to a study conducted by the Labour Institute for Economic Research, Finland has relatively small pay differences and low-income inequality compared to most European countries. In 2015, full-time wage and salary earners in the highest income decile in Finland were paid an average of 2.73 times more than those in the lowest income decile, considered a low figure internationally. The study also found that Finland’s share of low-paid workers was the fourth lowest in Europe at 11.6%. Factors contributing to Finland’s low-income inequality include a high union density, broad coverage of collective agreements, and coordinated wage and salary formation. It is one of the most egalitarian countries in the world.