10 Countries with the Highest Standard of Living in 2023

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9. Japan

HDI ranking: 19

US news ranking: 6

Average ranking: 12.5

Japan’s high living standards can be attributed to its highly developed economy, low unemployment rate, healthcare system, low crime rates and high life expectancy.

Japan’s “new capitalism” aims to balance growth and redistribute wealth, focusing on building a society that values people and the planet. For example, the Moonshot project aims to increase mental peace of mind and vitality by 2050.

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