This article will look at the 5 most egalitarian countries in the world. In another article, we discussed egalitarianism and how some companies try to help achieve that for many countries. If you want to read about that and a more extensive list, head straight to the 20 Most Egalitarian Countries in the World.
5. Switzerland
Average Rank: 6.5
Switzerland maintains a relatively stable income distribution, with the top 10% consistently earning about one-third of total national income before and after government redistribution. Switzerland’s strong economy and employment opportunities, coupled with its dual education and training system, help limit income disparities. The richest 10% of Swiss citizens pay approximately 51% of all income tax, while a progressive federal tax balances tax competition among cantons.
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.
3. Denmark
Average Rank: 5
Denmark has exceptional income equality and gender balance. Women actively participate in the workforce, which is further helped by parental leave and daycare support. They hold important political roles, with a history of female ministers. Men enjoy ample family time, sharing childcare responsibilities and housework. LGBTI+ rights are progressive, with same-sex marriage and acceptance. Denmark is renowned for transgender history and LGBTQ+ inclusivity, notably hosting the annual Pride Parade.
2. Sweden
Average Rank: 4.5
Sweden has a reputation for being one of the most egalitarian countries in the world due to its strong commitment to social welfare, progressive taxation, and gender equality. The Swedish government provides extensive public services like healthcare and education to a relatively even distribution of benefits and opportunities. Furthermore, their progressive tax policies aim to reduce income inequality. Sweden’s focus on gender equality has led to women’s active participation in the labor force and in leadership roles. It is one of the most equal countries in the world.
1. Norway
Average Rank: 2
Norway is a global leader in gender equality and has, thus, both societal prosperity and financial growth. Women’s important participation in the workforce has contributed substantially to the country’s GDP, with a 10% boost attributed to increased female employment between 1973 and 2013. Government policies, like shared parental leave, help women’s career opportunities and increase fathers’ involvement in childcare. The legislation mandates that 40% of boards in public limited companies include women to gender balance in leadership roles. Norway is the most egalitarian country in the world.
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