- Sweden is the best country in terms of affordability and others for the year 2023, according to reports by US News and World Report
- The report sampled over 17,000 people globally in its ranking of 87 nations
- Norway and Canada are second and third on the list respectively with high life expectancy
The report was done in conjunction with WPP, the British firm, and the Wharton School of the University of Pennsylvania.
It polled more than 17,000 people globally to rank a total of 87 nations.
The metrics used for the ranking include affordability, good job, market, economic stability, family friendliness, income equality, political stability, and safety.
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Others include a well-developed public health system and a well-developed public education system.
The 10 best countries in the world ranked in terms of quality of life are listed as follows:
The world's best nation in terms of affordability, safety, and other factors is Sweden.
According to Numbeo, the cost of living is on average 20.9% less expensive in Sweden than it is in the US, while the cost of renting is 57.5% less expensive.
According to U.S. News and World Report, Sweden is well renowned for offering free healthcare and college education.
The CIA World Factbook states that the average age of inhabitants in Sweden is 82.8 years old, making it one of the countries with the highest life expectancies.
Norway is rated as having the second-best quality of life in the entire world. The CIA World Factbook states that the nation sets the bar for gender equality.
A parent may share caring for their child at home for up to 49 weeks at full pay (or 59 weeks at 80% of their earnings) under the nation's parental leave policy.
In order to help families with some of the expenditures associated with raising children, Norway provides a monthly allowance to families from the month after a child is born until they are 18.
Norway's life expectancy at birth is 82.75 years, and according to the World Happiness Report, it has been among the world's happiest nations since 2013.
The third-place nation is Canada. The nation is renowned for its accessibility to education and healthcare, as well as for its affordability.
Life expectancy there is 83.99 years, 3.24 years longer than in its southern neighbour, the United States.
The OECD's Better Life Index shows that Canada does better than the average country in terms of income, employment opportunities, education, health, environmental quality, social connections, and life satisfaction.
In comparison to most other nations, Denmark does highly across a wide range of well-being metrics in the Better Life Index. In terms of jobs, education, health, the environment, social ties, civic involvement, and life happiness, Denmark performs better than the average.
In comparison to other nations, Finland does well across a wide range of well-being indicators according to the Better Life Index. In terms of education, work-life balance, environmental quality, social connections, safety, and life happiness, Finland performs better than the average.
According to the CIA World Factbook, Switzerland has one of the greatest gross domestic products per capita in the world, low unemployment, and a skilled labour force. Low corporate tax rates, a highly developed service sector dominated by financial services, and a high-tech manufacturing industry all contribute to the nation's robust economy.
The world's highest number of museums are located in Netherlands. It is the birthplace of microscope, telescope, and thermometer.
The gross domestic product and per capita income of Australia are regarded as being relatively high. It is a country with a market-based economy and a high gross domestic product. The service industry and the export of goods are the two main drivers of its economy.
A social market economy, or open-market capitalism, is used in Germany, along with certain social service guarantees.
Germany is one of the world's top importers and exporters, and its economy is among the biggest in the world.
The largest portion of the nation's economy is made up of services, which include sectors like telecommunications, healthcare, and tourism. Other important economic sectors are agriculture and industry.
10. New Zealand
In the decades that followed its independence, New Zealand had a remarkable growth and transformation.
Manufacturing and tourism industries both grew when the export market, which is brimming with dairy, sheep, cattle, poultry, fruit, and vegetables, was opened up outside of the United Kingdom.
The cost of education as a percentage of GDP is among the highest in the world, while per capita income is still high.
Legit.ng had earlier listed the top 10 best countries to live in the world.
Top 10 best countries for doing business, Nigeria ranks low
This means the above-mentioned countries with respective scores of 8.70, 8.45 and 8.45 are the best countries for doing business.
This is according to the latest business environment rankings (BER), an annual survey conducted by the Economist Intelligence (EIU).