Denmark

According to the World Bank, Denmark has a high-income mixed economy and it is the sixth-wealthiest country in Europe in 2023. Denmark's exceptional economic success has increased its wealth. A low unemployment rate, a sound financial system, and significant expansion in manufacturing industries have aided Denmark's success.

Furthermore, the Danish government has enacted regulations encouraging innovation and competitiveness, resulting in a healthy corporate climate. Furthermore, a significant proportion of the population is highly educated, which aids in developing innovative products and services.

Moreover, Denmark has a comprehensive welfare system backed by high taxation rates, guaranteeing citizens have the resources they need to live well. Finally, Denmark benefits from membership in the European Union (EU), which gives it access to global markets and lowers trade obstacles.

When international surveys ask citizens worldwide how pleased they are with their everyday lives and personal circumstances, Denmark ranks among the top three happiest countries in the world. Happiness is directly related to social equality and communal spirit, which Denmark excels in. Denmark has high equality and a strong feeling of shared social responsibility.

GDP: $66,390 (IMF, 2023)