11 Countries with Highest Financial Aid for Developing Nations
2. Sweden
Total international aid: $5.24 billion (10th highest)
Social spending as per cent of GDP: 28.2 per cent (6th highest)
Government debt as a per cent of GDP: 37.9 per cent (72nd lowest)
Sweden is considered as one of the peace loving countries in the world. It has successfully avoided war since nineteenth century. It is also one of the nations with lowest infant mortality rate. It is the thirs largest country in the EU zone.
Sweden has Norway and Finland as its neighbors. It also connects Denmark via a bridge-tunnel.
Sweden’s population density is pretty low, most of which resides in the urban areas. It has a highly developed economy with the eighth highest per capita income in the world.
3. Norway
Total international aid: $4.75 billion (11th highest)
Social spending as per cent of GDP: 22.1 per cent (14th lowest)
Government debt as a per cent of GDP: 49.6 per cent (68th highest)
Norway is one of the members of the NATO. It is the house of most of the fjords in the world.
Natural resources are the main reason of the high economic growth of Norway. Petroleum is the most important resources in Norway. Petroleum consists of more than 20 percent of Norway’s domestic products. Considering the per-capita income, it is the largest producer of oil and natural gas, standing adjacent to the Middle East nations.
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