In this article, we’ll take a quick look at the top 5 Most Socially Advanced Countries in the World. For a detailed overview of the top 20 along with insights into the link between economy and social prosperity, read 20 Most Socially Advanced Countries in the World.
5. Canada
The world-class healthcare system, focus on gender equality, strong social safety system, and high-quality education make Canada a socially progressive nation. The country has a low unemployment rate (5.5%) and creates hundreds of thousands of jobs for its citizens every year. Canadians also have access to free healthcare and education, making it one of the most advanced countries worldwide.
4. Netherlands
With 8.7 points above the European Union’s score, the Netherlands ranks 3rd on the Gender Equality Index. The income inequality in the country is also relatively low when compared to other countries worldwide. A robust social services system, low crime rate, good work-life balance, and cultural diversity make the Netherlands a welcoming country for citizens and visitors alike.
3. Ireland
The robust economy of Ireland, characterized by a high GDP per capita, ensures a generally high standard of living for its citizens. The country ensures access to high-quality education, with over 53% of the population holding tertiary degrees. It has a rich cultural history of literature, arts, and music, which has played a significant role in its global influence. Ireland’s comprehensive welfare and healthcare systems aim to provide safety nets for its residents, promoting a sense of societal advancement and well-being.
2. Sweden
Sweden takes the top spot in the EU on the Gender Equality Index, boasting an impressive score of 83.9 out of 100 points. This score surpasses the EU average by a significant margin, with a difference of 15.3 points. Sweden frequently ranks as one of the most reputable and ethical countries worldwide, mainly due to its high transparency, progressive social policies, sustainable development, and high level of freedom. It also invests heavily in R&D, with expenditures reaching about 3.4% of GDP, one of the highest rates globally.
1. Norway
With a score of 90.74, Norway ranks first on the 2022 Social Progress Index. It’s a highly developed country with a strong economy, with one of the highest per capita GDP standing at $106,149 in 2022. The country provides access to world-class educational institutions and a robust public healthcare system. Norway often finds itself in the top tiers of the Global Gender Gap Report, with significant female representation in both the workforce and political spheres. The country also prioritizes green energy solutions and conservation and aims to become carbon neutral by 2030. Technological advancements, social welfare, and a strong safety net are other hallmarks that make Norway a socially advanced country.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a look at the 15 Most Advanced Countries in Europe and the 10 Most Advanced Countries in South America.