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Why is Scandinavia so expensive? | CNBC Explains

14012 ratings | 1190930 views
Across Scandinavia, the average price of everything from a knitted roll neck to pastries from the local bakery are some of the highest in the world. So what makes the region so expensive? CNBC's Tom Chitty reports. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMv Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi
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Text Comments (3369)
Karl XII of Sweden (5 hours ago)
We are happy because we don’t have to se Americans
Karl XII of Sweden (5 hours ago)
We are not expensive !!! You are just poor
Dick Plummer (1 day ago)
It's no wonder most of these fake refugees are streaming there. Haha!
TheMarker2015 L.S (3 days ago)
Multicultural Europe has no future haha
Plunger King (4 days ago)
Socialism is expensive. Someone has to pay for all the services. Also it keeps the working people down, so they will never revolt.
Febi Ariaty Dethan (5 days ago)
welfare sucks
randy scott (5 days ago)
Now watch a video on Scandinavia poverty and learn about their homeless problems and all the other problems they have . $15.00 will get you the chance to sleep under a bridge for the night in freezing weather and that's just the start .
suvignan pothuraju (5 days ago)
Scandinavian genorus welfare system is mainly due to their defence budget covered by USA in NATO, Sweden law enforcement is severely underfunded. Today majority of their healthcare system depends on US medical inovation which Scandinavia doesn't have.
Rutvik Thakkar (6 days ago)
Does someone know what place is 3:30?
Karl XII of Sweden (5 hours ago)
Rutvik Thakkar Denmark
Spartan (6 days ago)
Happy and content Scandinavia has no future, really.
DJT FOREVER (8 days ago)
I went to Finland and Norway in '18. It was so expensive I couldn't afford soda, let alone alcohol.
Canaan Noah (8 days ago)
there are a lot of Jews there , that's why.
Francesco Bonfiglio (8 days ago)
Even US is expensive.
Francesco Bonfiglio (5 hours ago)
+Karl XII of Sweden It's more fresh than fresh air or fresh babyface indeed.
Karl XII of Sweden (5 hours ago)
Francesco Bonfiglio yeah that’s true, a salad here in Sweden is not more than 7 hours old, when 7 hours have passed, they give it to the pigs
Francesco Bonfiglio (5 hours ago)
+Karl XII of Sweden I use to eat norwegian salmon. It's very expensive but the best in the world.
Karl XII of Sweden (5 hours ago)
Francesco Bonfiglio we are expensive because our food is one of the freshest in the world, in the us a sausage could be 2 years old
Trundas (8 days ago)
And you call this heathen who are more successful than the other countries
ADMIN (8 days ago)
BECAUSE NOTHING GROWS THERE EXCEPT PINE TREES.
Drip Flair (9 days ago)
How about actually comparisons instead of “EU Average” definition of lazy journalism
charleielrahc (9 days ago)
Finland and iceland are part of scandinavia, please define the region before making a video on it
Josefine Nilsson (9 days ago)
No they are not. Scandinavia is Norway, Denmark and Sweden. Scandinavia+Finland+Iceland are called the nordic countries.
Geert Matthys (10 days ago)
Because socialism works!! All you have to do is go on benefits and you get stuff for free too
zaltmanbleroze (10 days ago)
Knackerbrød anyone?
U EB (11 days ago)
Sweden ain't all that great. Cost of living is sky high and its getting higher. The welfare sector is a big bloated mess of inefficiency. Its abused like hell and those that are not on the receiving end are getting tired
ChoosinUsername (11 days ago)
Well, the cost of living is high.. that means the wages are high aswell. It won't be sustainable otherwise.
Josue2018 (11 days ago)
To pay for the expensive socialist system they have.
no reason. (11 days ago)
Thats Sweden.
Helen E (11 days ago)
If you live here it's fine. In fact Norwegians have the strongest purchasing power in Europe.
Mikshakkee (11 days ago)
I live in Sweden, it`s not so expensive but the tax is pretty high. But in general it is not so expensive here!!
meowmeow (11 days ago)
Why is Scandinavia so expensive To keep it as white as possible......Elysium
단검어둠 (12 days ago)
So, Finland is not Scandinavian,,, I have taught Finland is scandinavian
Akhil V Nair (12 days ago)
Lol not today due to immigration crisis...
Aaron Webb (12 days ago)
Everyone wishes they could live anywhere but America. Go. Really, it's possible. The only thing holding you back is you. We don't want your whiney asses here anyways.
Arvid Ödmann (13 days ago)
Its not expensive though
Han Bulban (13 days ago)
This is nothing come to Australia
Meriliest (13 days ago)
Very shallow and on the run made video .. If you start to do some calculations in the video then finish it.
Barbaste (14 days ago)
They're all white inbreds, that's not social cohesion but the nazi dream.
Barbaste (14 days ago)
Never talk about foreign debt, that's Europe's Achille's heel and you know it.
Moin (14 days ago)
India has high taxes and nothing is free. 😂😂😂 Someone please explain to me how these countries managed to have such low levels of corruption and high efficiency in everything? How are jobs getting created and how do businesses survive?
Ben Chesterman (11 days ago)
Small and medium business don't survive because of democratic socialism in Australia
Jay khan (14 days ago)
It ain't expensive... the Jews r running amerikkka broke
Raja Rangpuri (14 days ago)
Lol.. what quality of life... the guy forgot to mention!!
Mangal Krishna (14 days ago)
Electronic goods are actually cheaper in Norway than in UK
Ronimau santi (14 days ago)
ugh, high prices creates high wages. Scandinavia is actually a pretty cheap place.
Jeff Collins (14 days ago)
There are a lot of scandinavian trolls for such tiny countries; all spouting propaganda. Besides being tiny, you are insignificant and meaningless. Maryland has 800,000 more people than Norway. Indiana has 830,000 more people than Denmark and Ohio has 1,700,000 more people than Sweden. Shall I compare Iceland? North Dakota has 419,000 more people than Iceland. Btw, Finland doesn't want to be a part of scandinavia. I have lived in England, Australia, and the US, and I have never owned anything made in your "prosperous" countries. Not one item was purchased, spanning over 50 years.
Andrey Wong (15 days ago)
Comparing the goverment of a country with 4mill people with one with 350+mill is another fantasy from the left.
vitriol or debate (15 days ago)
You pay for privilege.
L.L S. (15 days ago)
They are not so happy now with all those refugees they let come in causing problems. 😩
Red Unicorn (15 days ago)
It's more expensive but people get paid more and they're getting more for the money they spend on taxes
Ben Chesterman (11 days ago)
Middle class and small business owners don't
G Sai (15 days ago)
Even tho there are health insurance most people decided not to buy it and spend it on useless items and unhealthy food. And they complaint about how the government doesn’t take care of them.
apa100 (16 days ago)
This is bullshit I was born in Sweden and believed on Swedish system and a future in Sweden. After first education in economic and bachelor degree there was not a single available job available for me and I was 21. After 4 years unemployed I study to electrical engineering bachelor degree and no jobs to be found.....after 12 years searching for a job I took the bus driver license and left this shitty country for a future in Finland and Ireland. I have now worked 16 years abroad and realize that Sweden media and government lying about low unemployment is about 30% and also I thing Sweden will fall as nation since if there is not enough investment and a lot of new immigrants the system will crash and Sweden will fall as country. I honestly do not care if Sweden fails since they have created this negative country themselves.
Bonde Barca (16 days ago)
Look out Bernie Sanders fans this is your paradise
Brian Misera (16 days ago)
Sounds awful.
Big Bad (16 days ago)
Immigrant catering costs al lot. You guess the immigrants are happy. Wrong! They are islamists who hate the scaninavians.
Seb Stefan (16 days ago)
It’s because of the money-sucking rapefugees taken in by Scandinavian countries. Now the same refugees rape women and children and commit crimes on a daily basis.
Niña Monica Castillo (16 days ago)
Yet, They are one of the top debt countries.
REDPOWERable (16 days ago)
Interesting but other europeans get bored without war.
David Brown (16 days ago)
Denmark is ranked amongst the highest use of antidepressants, this could explain why they are one of the 'happiest' nations. 🤔
rainy-day-blues (7 days ago)
+Scarlette0hara Trump the Traitor 🇷🇺 🇷🇺 🇷🇺 🇷🇺
Scarlette0hara (10 days ago)
+David Brown I'm originally from Belgium and am naturalized American. I'd rather never live in Europe again, I don't even like visiting, I find it stifling. Love Trump! #MAGA #KAG
David Brown (15 days ago)
+Siegfried Furtwängler Knappertsbusch I was being satirical. Anyway, the Americans have Trump, and that's enough to make anyone depressed! Great username btw.
You're right. Denmark is like 5th whereas the US ranks first with anti depressant use per capita. Yet Americans aren't among the happiest. That kind of ruins that theory.
NET MATE (16 days ago)
Visit Scandinavia it’s... freezing...and expensive
Xarmanis (16 days ago)
How can you portray the high cost of living without mentioning the salaries? Also where are the scandinavians ranked on ppp gdp?
PaganTeapot (16 days ago)
All I saw were a bunch of white people. Is the video saying people are happier in an ethnically and cultural homogenist society?! Lol.
YummYakitori (16 days ago)
*Laughs in Singaporean*
R15848H 5HUKL4 (16 days ago)
75% of 300 is not 240, it's 225 @2:01
Danny Corleon (17 days ago)
I thought Finland and Iceland were part of Scandinavia as well
Sag Ichnicht (17 days ago)
This video is entirely ignoring the equally high salaries in Scandinavia. High prices and high costs actually point towards currency exchange factors. That said, taxes are of course high but how come that Norway is so much more expensive than Sweden? Certainly not because of taxation.
Tony Jablonski (17 days ago)
I'll stay happily single in the States...
MaximumGaming5o (17 days ago)
Well you get what you pay for I guess
Orion6699 (17 days ago)
This socialism is stifling. 'Free' healthcare? 'Free' university?? Its not free at all. Look at all those taxes. Thats absolutely insane. Your just paying for the stuff in a different way.
Ben Chesterman (16 days ago)
Paying for working class lifestyles middle class b
Square to Lob (17 days ago)
Finland is Scandinavia
DJ FX (17 days ago)
Scandinavia have the best models for socioeconomic organization..this where other countries can learn from
zeliz (17 days ago)
New Zealand and Australia are right there in happiness and have low taxes and less welfare state.
zeliz (17 days ago)
+Ben Chesterman cars have really low taxes compared to nordic countrys. Australia is one of the countrys with the biggest economic freedom, it madee the reforms decades ago
Ben Chesterman (17 days ago)
Australia had high taxes what you want talking about . Goods taxed up to 23% , cars taxed up to 51% , income tax up to 50% if you're a small and medium business owners . In Australia since bob Hawkes 58% sales tax less self retired millionaires
Eddy Stronger (17 days ago)
*I remember once when I went to Norway paying 15 euros for a beer.. Unfortunately I couldn't get drunk at that country.*
Walter Grueth (17 days ago)
Scandinavia nothing works, Scandinavia is fast becoming a third world country.
Walter Grueth (17 days ago)
In Scandinavia too many muslims.
Saxo Saxo (18 days ago)
And now they become more and more Arabic because this social model attracts the migrants. Like in France. And now the alt right is more and more powerful like in France. The population of these countries changes because the social model push migrants to have 3 or 4 children. Good or bad ? The future will tell us.
Grant Murray (18 days ago)
To keep non.whites out !!!!!
PedoThaBear (18 days ago)
It's not that expensive. I highly question the grocery price statistic... Germany ranked higher than the Netherlands? Why do they (in the border regions) come here to buy their food then? Also I've been to Denmark recently and most of the prices felt normal to me with only some being more expensive and some being cheaper. The Scandinavian system is working great and should be more of a model for the world than the ghetto making US neo capitalism. (Finland, Iceland and the Faroe should be counted to Scandinavia as well. Now the happyness statistic looks pretty obvious for what our future should be.)
Morgan Musiyiwa (18 days ago)
I thought Finland is also part of Scandinavia
Alex (18 days ago)
Beer in Some East Asian countries is like $0.25
Jamie Beattie (18 days ago)
25% of 300 isn't 60 but okay
johntfast (18 days ago)
Να πάρουν τα αρχιδια μου,δν υπάρχει σάλιο
Patrick M (18 days ago)
Free everything with a chance of dying in a knife attack on a constant basis
123 (17 days ago)
and how do you call the Killed People Attacked by Bombs of your Nations ?
Mikey Estrada (18 days ago)
It’s because you Americans are broke and no it’s not expensive here it’s just our pay is higher and our valuta is worth more than the dollar plus we just live better than Americans
Gainster (18 days ago)
Because artificial spiking of prices to make them seem like they have a high gdp
wall wall (19 days ago)
Miz
Nicoletta Ciccone (18 days ago)
Wow everybody must be a judge, or architect or.... to live that kind of life. I do not believe they are happy eventually the poor nowegians will become homeless.😶
Rah (19 days ago)
Its not expensive for them, they earn more too. DUH
robinjokinen (19 days ago)
Where is Finland and Iceland on your Scandinavia map?
Rolandas CARPhunters (19 days ago)
Danish is biggest raisit In wold.
Jason Hockly (19 days ago)
What about housing?
YegorsTV (19 days ago)
Scandinavia is made for the common average person, USA is a slave state for the 1%
dragondescendant1 (19 days ago)
Thanks for informing, I will not be visiting those countries.
theburners32141 (19 days ago)
This video is liberal propaganda. This model would never work in the US.
Crazy One (19 days ago)
You are missing Finland!
A B (19 days ago)
I wish I lived there, and I live in the US. Industry has destroyed everything, polluted everything, while the 1% fill their pockets, and the slaves just work for their paycheck that is considered chump change compared to the money we are making them, we are slowly destroying ourselves. America is a concrete jungle, and the smell isn't that great either, and honestly I only see it getting worse with the new administration, just google the word idiot go to images and you will know what i'm talking about......
That's why education is free there
And they brag about going to school for free. Well this is why y'all go to school for free.
Lasse Anttila (20 days ago)
Hey, this video actually got the definition of Scandinavia right!
Jorge Ituarte (20 days ago)
Sweden is a total progressive mess. People are listless, lifeless, stupid, no cuisine to speak of, absolutely no sense of humor. Total deadbeats in bed. I mean the worst in the world!!! You could throw them all in the water and they would just sink without trying to swim. Total savage migrants murder them and they ask for more. One of the highest suicide rates in the world. Very gross. Really disgusting!
Jorge Ituarte (20 days ago)
+WJ George Bingo. Trade shows. You can hear a pin drop. Night of the living dead.
WJ George (20 days ago)
Jorge Ituarte: LOL!!! Sounds like me you have been stuck there for business.
Jordan Oliver (20 days ago)
There’s a problem with this chart .... the Netherlands less expensive than Germany to buy food...and France, and Italy ? Did you guys receive some founding from the NL gov? 🤣
liam loughman (20 days ago)
They are also the most boring people in the world. No mention of that.
reality bites (20 days ago)
They all smuggle. Believe me I've been there.
sayeed sikder (20 days ago)
Not that I know why they are so cheap
incendie21 (20 days ago)
Scandanavian countries are only rich because of their oil and small population. When the oil disappears, so will their welfare system.
Michael SAcco (20 days ago)
Bs

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