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You could also look to Switzerland or Norway - both higher GDP than US and a lot less hours worked per year on average.

circlefavshape 3y ago
The OP stated their income in SEK, so probably their work is in Sweden. FWIW 50k SEK per month is approx US$5k per month
- RandomLensman 3y ago
  Yes, but I think the discussion was more around is this something only the Nordics could have, and if so, why. My point is that it is not limited to Nordics, doesn't necessarily come with lower GDP per capita as other small economies can do that, too.
defrost 3y ago
Both small countries with massively profitable driving industries; Norway, obviously oil rich which drives the financial, legal, and IT secondary industries and makes high returns for the citizens. Switzerland .. it's literally gold moving in and out of bank vaults that appears to be the biggest driver of the countries economic makeup: https://atlas.cid.harvard.edu/countries/41/export-basket https://atlas.cid.harvard.edu/countries/41/export-basket No disrespect to either country but there's nothing like watching oil flow past in a pipe or bars of gold mature like wine in a barrel to increase wealth while reducing total hours "working".
- RandomLensman 3y ago
  The US has a lot of natural resources, too, and gold isn't really driving the Swiss economy (it has a few large commodity trading houses hence a large gross but small net flow), the largest net trading flow for Switzerland is around pharma and chemicals (in total ~50%) and the financial sector's share of GDP has been around 12%.
- piva00 3y ago
  > No disrespect to either country but there's nothing like watching oil flow past in a pipe or bars of gold mature like wine in a barrel to increase wealth while reducing total hours "working". Not like Texas' and California's oil? Or New York's finance industry? Zoom into the parts/states of the USA actually generating wealth and you will see pretty similar patterns: natural resources (Norway's case), finance (Switzerland), heavy and precision industry (Germany).

The OP stated their income in SEK, so probably their work is in Sweden. FWIW 50k SEK per month is approx US$5k per month

RandomLensman 3y ago
Yes, but I think the discussion was more around is this something only the Nordics could have, and if so, why. My point is that it is not limited to Nordics, doesn't necessarily come with lower GDP per capita as other small economies can do that, too.

defrost 3y ago

Both small countries with massively profitable driving industries; Norway, obviously oil rich which drives the financial, legal, and IT secondary industries and makes high returns for the citizens. Switzerland .. it's literally gold moving in and out of bank vaults that appears to be the biggest driver of the countries economic makeup: https://atlas.cid.harvard.edu/countries/41/export-basket https://atlas.cid.harvard.edu/countries/41/export-basket No disrespect to either country but there's nothing like watching oil flow past in a pipe or bars of gold mature like wine in a barrel to increase wealth while reducing total hours "working".

RandomLensman 3y ago
The US has a lot of natural resources, too, and gold isn't really driving the Swiss economy (it has a few large commodity trading houses hence a large gross but small net flow), the largest net trading flow for Switzerland is around pharma and chemicals (in total ~50%) and the financial sector's share of GDP has been around 12%.
piva00 3y ago
> No disrespect to either country but there's nothing like watching oil flow past in a pipe or bars of gold mature like wine in a barrel to increase wealth while reducing total hours "working". Not like Texas' and California's oil? Or New York's finance industry? Zoom into the parts/states of the USA actually generating wealth and you will see pretty similar patterns: natural resources (Norway's case), finance (Switzerland), heavy and precision industry (Germany).