For the fourth year in a row, the United Nations has ranked Norway as having the highest standard of living in the world. Sweden, Australia and Canada are next in line, while the United States is further down the scale. The annual ranking is based largely on average levels of education and income, combined with expected length of lifetime.
The report measured standards of living in 177 countries around the world. Other Nordic countries also ranked high, with Iceland in 7th place, Finland 13th and Denmark 17th.