According to the UN Development Programme's Human Development Report 2015, Denmark is now only beaten by Norway, Australia and Switzerland, in what it can provide to its citizens.
The report particularly praised Denmark's much vaunted “flexicurity” system, under which employees can be easily hired and fired but are protected by generous unemployment benefits and training schemes.
“Denmark is making strides providing security alongside re-skilling and skills upgrading in an increasingly flexible job market,” the report reads.
It also praised the high participation in adult education in the country, with more than 60 percent of adults enrolled in some kind of course.
In the UNDP's 2014 report Denmark came a disappointing 10th worldwide.