Editing Income distribution (section)

===Nordic countries===
In the past, the income distribution in Nordic countries including Denmark, Sweden, Norway, Finland, and Iceland was renowned for being relatively low compared to the rest of the world. This is caused by a combination of factors such as progressive taxation, strong social welfare system, strong labor market institutions, and a culture of social cohesion which definitely contributes to them being notoriously the happiest in the world. Moreover, Nordic countries seem to be unaffected by the trends towards increasing inequality and higher unemployment observed in other countries, particularly the US and the UK <ref>Martela, F., Greve, B., Rothstein, B., & Saari, J. (2020). The Nordic exceptionalism: What explains why the Nordic countries are constantly among the happiest in the world. World happiness report, 2020, 129-146.</ref> Even though each of the Nordic countries have experienced temporarily rising income inequality, and they have all been affected by economic crises, they all shown a remarkable ability to recover and return to a persistent growth path and a stable relatively low income inequality. 

The following data is for Denmark, Sweden, Norway, Finland and Iceland respectively
* '''Gini''' coefficient: 0.283 (2021), 0.298 (2021), 0.277 (2019), 0.277 (2021), 0.261 (2017)
* '''Unemployment''' rate: 4.892% (2024), 8.365% (2024), 3,8% (2024),4.892% (2024), 3.383% (2024)
* '''GDP''' per capita: $77,953.7 (2022), $68,178.0 (2022), $121,259.2 (2022), $62,823.0 (2022), $71,840.1 (2022)
* '''Poverty''' rate: 0,2% (3,65$) (2021), 0,8% (3,65$) (2021), 0,3% (3,65$) (2019), 0% (3,65$) (2021), 0% (3,65$) (2017)