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Nordic countries is used unambiguously for Denmark, Norway, Sweden, Finland and Iceland, including their associated territories (Svalbard, Greenland, the Faroe Islands and the Åland Islands).
The term “Nordic countries” found mainstream use after the advent of Foreningen Norden. The term is derived indirectly from the local term Norden, used in the Scandinavian languages, which means “The North(ern lands)”.
In short, Iceland, Norway, Sweden, Finland, and Denmark are all Nordic countries with Scandinavian roots, but typically, you will only find Danish, Norwegian, and Swedish people referring to themselves as Scandinavian.
The Nordic Region consists of Denmark, Norway, Sweden, Finland, and Iceland, as well as the Faroe Islands, Greenland, and Åland.
Nordic countries rank so high on the happiness report because they have things like free education and healthcare, low crime rates, cushy social security nets, a relatively homogeneous population and they’re fairly prosperous. “We find happiness in our own pursuits,” like our professional work and passions, he adds.
Historian Finn Erhard Johannessen at the University of Oslo believes Norwegians are the happiest because the standard of living has been raised to a level where we can allow ourselves to relax. “We have a welfare system that takes care of us, a safety net.
Norway is currently the sixth richest country in the world when measured by GDP per capita. Norway’s GDP per capita is around $69,000, according to IMF estimates. Neighbour’s and Sweden and Denmark both make the top 20 with GDP’s of around $55,000 and $61,000 respectively.